If you are on the lookout for some investment ideas, then read on. That's because Bell Potter has been busy picking out its best ideas for March from the smaller side of the market.
Listed below are two more ASX shares that the broker has just named as best buys for the month ahead. Here's what it is saying about them:
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Adveritas Ltd (ASX: AV1)
The first ASX share that could be a top buy this month according to Bell Potter is Adveritas.
It is a technology company that is focused on maximising the return on digital advertising spend with its TrafficGuard platform.
Bell Potter notes that it has established a dominant position in the sports betting vertical and is growing its presence in ecommerce. It said:
Adveritas is a technology company that develops software solutions for enterprise customers which help maximise the return on digital ad spend. The key product of the company, TrafficGuard, is a SaaS platform that detects and intercepts fraudulent traffic (e.g. bots) in real time which enables advertisers to reduce wasted ad spend and optimise their budgets.
The market for ad fraud software like TrafficGuard is relatively nascent but is growing rapidly and Adveritas is already a leading global player. The TrafficGuard platform is scaling rapidly, with AV1 having established a dominant position in the online sports betting vertical and a growing presence across adjacent sectors such as eCommerce.
Catapult Sports Ltd (ASX: CAT)
Another ASX share that Bell Potter is bullish on this month is sports technology company Catapult Sports.
It likes the company because of its leadership position in a market that is expected to grow from US$36 billion in 2025 to US$72 billion in 2030. Bell Potter believes this leaves Catapult Sports well-positioned to grow its subscription revenues over the remainder of the decade. It explains:
Catapult Sports is a leading global provider of elite athlete wearing tracking solutions and analytics for athlete tracking. The key target market of Catapult is elite sporting teams and organisations and the acquisition of SBG also now gives the company a presence in motorsports. The pro sports technology market is currently valued at US$36bn in 2025 and is forecast to double to US$72bn by 2030.
We view CAT as a market leader entering a stronger phase of cash generation and operating leverage, with an underpenetrated global customer base and expanding analytics suite providing a long runway for subscription growth and valuation upside.
