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REPORT • 2024

Top 3 ASX TECH
Stocks to Buy

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ASX Report Now

TECH Stocks Landing

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Shares In Value - Top 3 ASX Tech Stocks to Buy - Cover 2024

How do we identify the best ASX Tech Stocks?

  • Unique technology with high barrier to entry
  • First mover advantage
  • Management teams with excellent track record and great knowledge of the industry
  • Recurring Sales Operations
  • Global addressable market

Tech Stocks ASX

The ASX technology index drives growth in all developing markets by leveraging and enabling technology. We can see the paradigm shifting towards ASX technology stocks for our future. The FAANG stocks in the USA are driving the change. Their market caps are larger than most developed countries.

The market for Australia tech stocks have changed a lot in the last 20 years. More ASX tech companies are now data and technology driven, presenting a challenge for the everyday investor navigating this paradigm shift. Here is a sneak peak into the tech stocks that may drive the future in the Australian markets.

Are ASX Tech Stocks A Good Investment?

When it comes to tech stocks, the ASX has a long and successful history. Some of the world’s largest and most well known tech companies have listed on the tech stocks ASX market. These companies have not only provided investors with fantastic returns, but have also driven innovation and growth in the Australian economy.

The ASX is home to a number of different tech sector indices. This includes the ASX 200 Information Technology (Sector), which tracks the performance of the largest tech stocks on the exchange. Over the past decade, the ASX technology index has outperformed the broader ASX 200 index by a wide margin, highlighting the strong historical performance of ASX tech stocks.

Looking into the future, there is no reason to believe that this outperformance will not continue. Australian investors who are looking to take advantage of the growing global tech sector should consider investing in the best tech stocks that the ASX market offers.

we do our

HomeWork

Each top tech stock pick goes through our 4-point background check

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Production
Growth

Production growth is critical to sustain earnings growth even during times of flat commodity pricing. With favourable prices for tech stocks such as now, sky's the limit.

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Commodity Outlook

Factors influencing commodity prices now and in the future. Our research team dives deep into the supply and demand data of technology stocks.

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Strong Balance
Sheet

Balance sheets are anchors, and their worth has been proved during the pandemic. They provide the leverage that ASX tech companies require to grow.

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Economic
Moat

A distinct advantage a company has over its competitors, which allows it to protect its marketshare and profitability.

Should I Buy Tech Stocks?

Since its launch in February 2020, the ASX technology index has provided a benchmark for the performance of the best tech stocks listed on the exchange. Over 2023, the Australia tech stocks market has enjoyed a 25% gain, making it one of the hottest sectors in ASX.

There are a number of factors that have contributed to the success of ASX tech stocks in recent years. Primarily, Australia has become increasingly attractive to foreign investors looking to tap into the booming tech stocks ASX industry. Moreover, the rise of new technologies such as Artificial Intelligence (AI), cloud computing, and big data has created opportunities for innovative Australian companies to grow and prosper. Most importantly, the listing requirements for tech IPO have been relaxed in recent years, making it easier for ASX tech companies to list and access capital.

With new technologies in Australia creating opportunities for growth, it is likely that we will see more Australian tech companies ASX has listed to succeed in the years to come.

Research backed findings

Our Research Analysts at Shares In Value focus on a number of indicators while picking the best tech stocks.

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Strong Balance Sheet

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Earnings Growth

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Economic MOAT

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Industry Analysis

akshay

Akshay Bhaskar

Equity Research Analyst

daiviet

Daiviet Huynh

Equity Research Analyst

pexels brett jordan 5417844

REPORT • 2024

Top 3 ASX Tech Stocks to Buy

Confidently Invest In ASX Tech Stocks With Shares In Value

With so many options for tech stocks ASX offers, how do you navigate the market and find out what is worth your time and money? The ASX has an affluence of the top tech stock picks that are high fliers, but some are better than others. Take your time to consider how each one fits into your portfolio before choosing the tech shares to add. We compile updated shortlists of some of the top tech ASX stocks and the current tech stock news to help you make an informed decision.

ASX Tech Stocks

FAQs

When it comes to investing in ASX tech companies, there are two key factors to keep in mind: valuation and market potential.

First, you need to consider the valuation of the company's technology stocks. ASX tech stock prices from established companies are usually based on profit margin, revenue growth, and overall sales. As the ASX technology index continues to evolve, prices of tech shares can increase because of a new development, while an unproven product may lead to a decrease.

Market potential applies more on developing brands of which technology shares are valued mainly on their sales growth and future capacity. They are often early-stage companies, offering Australia tech stocks with innovative products or services that have yet to achieve widespread adoption, making their tech shares portfolio-worthy.

By taking both of these factors into account, you'll be in a much better position to identify which ASX tech shares are worth investing in.

A growing number of investors are eyeing to buy technology stocks as the IT industry is expected to see a 28% growth over the coming years.

For novice investors, there are a number of well established ASX tech companies who have projected significant growth potential. And for those with more experience, there are plenty of emerging companies in the ASX technology index, offering the opportunity to get in on the ground floor of exciting new technologies. Learn more about which ASX tech shares are the top picks here.

ASX tech stocks come from companies that make money from hardware sales, software development or digital services and applications. Because the term ‘tech’ covers a wide scope, it's important to do your due diligence first before investing in new tech stocks.

Every astute investor keeps an eye out on the industry trends to make informed decisions on which tech stocks ASX offers to invest in. As an example, if you see that more people are using their smartphones for shopping, you can consider investing in a company that makes mobile commerce applications. Likewise, if you see a rising demand for cloud-based services, you can look into investing in a cloud computing provider. This way, you can better position yourself to profit from the best tech stocks in the ASX.

Finding the right technology shares to invest in is a great way to take your portfolio to the next level. Get access to our ASX 200 Equities' publications and have an account manager assist you at every step.

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tech cover (1)
2022 • STOCK REPORT

Top 3 TECH Stocks to buy in 2022

The technology sector has outperformed every other sector in all developed markets. The developing markets are driving growth by leveraging and enabling technology. We can see the paradigm shifting towards technology for our future. The FAANG stocks in the USA are driving the change. Their market caps are larger than most developed countries.

The markets have changed a lot in the last 20 years. More companies are now data and technology driven. This can present a challenge for an everyday investor in navigating this paradigm shift. Here is a sneak-peak into the stocks that may drive the future in the Australian markets.

Fill in your details and download your free Report instantly!

TECH Stocks Landing

Please fill in your details to download the free tech shares report.

By downloading this report, you agree to our terms and conditions and privacy policy

How we find the best technology stocks?

  • Unique technology with high barrier to entry
  • First mover advantage
  • Management teams with excellent track record and great knowledge of the industry
  • Recurring Sales Operations
  • Global addressable market

Numbers Talk

some of our Previous Recommendations

WBT
147%
Since September
APT
50%
Since September
ADN
125%
Since September
TLG
76% 
Since October
MVP
35% 
Since September
BHP
18% 
Since September
4DS
100%
Since September

Research backed findings

Our Research Analysts at Shares in Value focus on a number of indicators while picking a stock.

Strong Balance Sheet

Earnings Growth

Economic MOAT

Industry Analysis

Akshay Bhaskar

Equity Research Analyst

Daiviet Huynh

Equity Research Analyst
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