Are you looking to gain exposure to the tech sector? If you are, then you may want to look at the two ASX shares listed below.
These tech shares have been given buy rating and are tipped to grow strongly in the future. Here’s what you need to know about these ASX tech shares:
Altium Limited (ASX: ALU)
The first ASX tech share to look at is this growing electronic design software provider.
Altium is best-known for its Altium Designer and Altium 365 platforms. These platforms are regarded as the best in the industry and are used by many of the world’s largest companies such as BAE Systems, Microsoft, and Tesla. Altium looks well-placed for growth over the next decade thanks to the internet of things and artificial intelligence booms. These are driving strong demand for electronic design software.
Bell Potter is a big fan of Altium. Its analysts currently have a buy rating and $42.50 price target on the company’s shares. This compares to the current Altium share price of $39.77.
Appen Ltd (ASX: APX)
Another ASX tech share to look at is Appen. It is a leading developer of high-quality, human annotated datasets for machine learning and artificial intelligence (AI).
Through its team of one million+ contractors, Appen prepares or creates the data for the machine learning models of some of the largest tech companies. These includes Amazon, Facebook, and Microsoft.
Given how important high quality data is for machine learning models, demand for its services is expected to rise strongly in the future as investment in AI increases materially.
Citi remains positive on the company. Its analysts currently have a buy rating and $17.10 price target on its shares. The compares to the latest Appen share price of $11.56.
