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If you tend to invest in small cap stocks, we recommend that you check three things:
Here’s why they are currently highly valued by analysts:
The first small cap ASX share to note is Audinate. This is the leading digital audiovisual networking technology provider behind the Dante Audio Over IP Networking Solution. Management states that Dante is an evolution of the AV system, integrating all previous connection types into one. The solution is a clear industry leader, with customers manufacturing eight times as many Dante-enabled products as their closest rivals.
UBS is a fan of the company. Currently, we have a purchase rating for Audinate shares and a price target of $ 11.75.
The second small cap to note is the Big tincan. This is a growing provider of enterprise mobility software to sales and service organizations. The company says its mobile AI-powered sales support automation platform has the industry’s best user experience that enables sales reps to interact more effectively with customers and prospects and drive team-wide recruitment. increase. Bigtincan’s recurring revenue has grown strongly in recent years, but it is still only a small part of the huge global market opportunities.
Morgan Stanley is positive about the company. Currently, the stock has an overvalue and a $ 2.10 price target.
The last notable ASX share of small caps is Booktopia. An online book retailer that really got a lot of attention in 2021. In the 12 months ending June 30, the company reported a 35% increase in revenue to $ 223.9 million and an EBITDA increase of 125% to $ 13.6 million. This was driven by a record shipment of 8.2 million units backed by a new distribution center. We started aggressively in 2022. Management advised that July and August sales were higher than in the previous corresponding period.
This went well with Morgans. In response, the broker maintained an additional rating and raised its price target to $ 3.72.
Three small cap ASX stock analysts highly rated
Source link Three small cap ASX stock analysts highly rated