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 May 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)
Bell Potter has named Adveritas as a best buy this month. It is an advertising technology company aiming to help customers maximise their return on digital ad spend with its TrafficGuard product.
The broker believes the company is well-placed thanks to its strong position in a rapidly growing market. It explains:
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 has been named as a best buy by Bell Potter this month is Catapult Sports.
It likes the wearables-focused sports technology company due to its huge market opportunity. The broker estimates that the pro sports technology market will grow from $36 billion to $72 billion by the end of the decade.
As a market leader, Bell Potter believes the company is well-placed for long-term growth. 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.
