Why you can buy Zip (ASX: Z1P) and this ASX Tech Share

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Are you interested in getting exposure to the tech sector? If so, you may want to check out the two ASX stocks listed below.

Here’s what you need to know about these technology shares:

BetaShares Global Cyber ​​Security ETF (ASX: Hack)

The first technology share to look at is actually an ETF that can invest in many tech companies. NS BetaShares Global Cyber ​​Security ETF It provides investors with exposure to key companies in the growing cybersecurity sector.

The fund includes global cybersecurity players Accenture, Cisco, Cloudflare, CloudStrike, Octa, Palo Alto Networks, and Splunk. These companies appear to be well suited for growth in the 2020s due to the growing demand for cybersecurity services.

As for Palo Alto Networks, we are a world leader in cybersecurity solutions. Palo Alto Networks services include advanced firewalls and cloud-based products that extend firewalls to cover other aspects of security. We have over 85,000 customers in more than 150 countries. From these customers, revenue in 2021 increased by 25% to US $ 4.3 billion.

Another notable ASX share is Zip. Of course, this is one of the world’s leading Buy Now Late (BNPL) providers, operating on several continents.

Zip has grown strongly over the past few years, thanks to the growing popularity of payment methods and their international expansion. This strong form continues in 2022, with Zip showing record quarterly revenue of $ 136.8 million in the first quarter. This was an increase of 89% year-on-year and 8% quarter-on-quarter.

Fortunately, the company still has a very long runway for growth over the next decade, thanks to its huge global market opportunities. There is also speculation that if the BNPL industry integrates, it could be a target for acquisitions.

The Morgans team is positive about Zip’s outlook and believes its share is very low compared to its peers. Brokers are currently setting additional ratings and a $ 8.56 price target for their shares.

Why you can buy Zip (ASX: Z1P) and this ASX Tech Share

Source link Why you can buy Zip (ASX: Z1P) and this ASX Tech Share

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