In afternoon trade the Altium Limited (ASX: ALU) share price is on course to finish the week in the red.
At the time of writing the print circuit board (PCB) design software provider's shares are down 4% to $8.21.
Does this make them a buy?
According to one leading broker it does. A research note out of Deutsche Bank this morning reveals that its analysts have reiterated their buy rating and raised their price target for Altium's shares to $9.10.
Based on its current share price, this implies potential upside of almost 11% for its shares.
Deutsche appears confident that despite the strong Australian dollar, the company's full-year top line guidance is achievable thanks to solid economic conditions.
Altium is due to release its full-year results on August 28.
Should you invest?
I think that Altium is up there with the likes of Aconex Ltd (ASX: ACX) and XERO FPO NZX (ASX: XRO) as one of the best tech shares on the Australian share market.
Thanks to the incredible rise of connected devices due to the Internet of Things phenomenon, I expect demand for its design software will grow strongly over the next decade.
This should put the company in a position to deliver on its target of almost doubling revenue to US$200 million by FY 2020, making it a great buy and hold investment option today.
