2 highly rated ASX shares to buy now

Appen Ltd (ASX:APX) and this ASX share could be some of the best options for Australian investors right now. Here's why…

| More on:
what to like about asx share price represented by illustration of thumbs up icon inside speech bubble

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

There are a number of shares on the ASX that could be great options for investors in April.

But which ones should you buy ahead of others? Two ASX shares that are highly rated are listed below. Here's what you need to know about them:

Appen Ltd (ASX: APX)

The first ASX share to look at is Appen. It provides high-quality training data through its leading technology platform, managed services, and global crowd to power artificial intelligence (AI) globally.

In respect to its global crowd, Appen has over one million skilled contractors globally in its crowd. This covers 235+ languages in 170+ countries, giving Appen the ability to work with companies all over the world.

Positively, with spending on AI expected to increase materially over the coming decades, Appen looks well-placed for growth over the long term. Especially giving its leading position in the data preparation industry.

Ord Minnett is positive on the company. It currently has a buy rating and a $24.75 price target on its shares.

Pushpay Holdings Group Ltd (ASX: PPH)

Another ASX share to consider buying is Pushpay. It provides a donor management system, including donor tools, finance tools and a custom community app, and a church management system (ChMS) to churches located predominantly in the United States.

Its industry leading solutions simplify engagement, payments, and administration, allowing users to increase participation and build stronger relationships with their communities.

Pushpay has been a strong performer in recent years and is expecting further strong growth in FY 2021. Management's guidance for full year operating earnings is US$56 million and US$60 million, representing a 123% to 139% increase year on year.

Analysts at Goldman Sachs are positive on the company. They have a conviction buy rating and $2.59 price target on its shares.

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Appen Ltd and PUSHPAY FPO NZX. The Motley Fool Australia has recommended PUSHPAY FPO NZX. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Growth Shares

Concept image of a businessman riding a bull on an upwards arrow.
Growth Shares

3 ASX growth shares to buy before the next bull market

These shares could fare well in the next bull market. Here's what analysts are tipping as buys.

Read more »

Two university students in the library, one in a wheelchair, log in for the first time with the help of a lecturer.
Growth Shares

3 no-brainer ASX shares to buy with $200 right now

You don't need a brain to see that these shares could be top picks right now.

Read more »

A man with a wide, eager smile on his face holds up three fingers.
Growth Shares

3 ASX growth stocks worth buying with $7,000 in your portfolio today

These stocks are all historic market beaters.

Read more »

Two smiling work colleagues discuss an investment or business plan at their office.
Growth Shares

3 ASX 200 shares with huge growth potential in the next decade

Analysts think these growth shares could be in the buy zone in July.

Read more »

A young woman sits at her desk in deep contemplation with her hand to her chin while seriously considering information she is reading on her laptop.
Growth Shares

Where I'd invest $5,000 into ASX 300 growth shares

These stocks have excellent growth potential.

Read more »

a woman sits at a computer with a satisfied expression on her face in a white room with greenery outside her window.
Growth Shares

The ASX growth stock up 10% this year with more room to move

This broker believes there’s still more in the tank for this telecommunications company 

Read more »

A couple stares at the tv in shock, one holding the remote up ready to press.
Growth Shares

3 high-conviction ASX 200 stocks to buy and hold

Brokers think these shares are among the best to buy now.

Read more »

Person holding Australian dollar notes, symbolising dividends.
Growth Shares

The smartest ASX growth stocks to buy with $3,000 right now

Analysts think these shares would be top picks for smart investors.

Read more »