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

sdf

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

A woman presenting company news to investors looks back at the camera and smiles.
Growth Shares

Macquarie tips nearly 50% upside for this ASX 200 stock

Let's see which stock the broker is feeling bullish about this week.

Read more »

Overjoyed man celebrating success with yes gesture after getting some good news on mobile.
Growth Shares

3 excellent ASX 200 growth shares brokers rate as buys

Let's see why they think investors should be snapping them up right now.

Read more »

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

Why I think these 2 ASX shares are ideal for growth investors

These investments are very compelling.

Read more »

Two brokers analysing the share price with the woman pointing at the screen and man talking on a phone.
Growth Shares

2 ASX shares highly recommended to buy: Experts

Analysts really like these stocks. Here’s why…

Read more »

Three happy office workers cheer as they read about good financial news on a laptop.
Growth Shares

5 ASX growth shares to buy and hold

Analysts think these shares could be top picks for investors looking for growth options.

Read more »

Two players on a field pump their fists in the air, indicating two of the best
Growth Shares

The ultimate buy and hold ASX 200 shares for long-term investors

These buy-rated shares could be great options for investors with a long time horizon.

Read more »

A bearded man holds both arms up diagonally and points with his index fingers to the sky with a thrilled look on his face over these rising Tassal share price
Growth Shares

3 unstoppable ASX shares to buy and hold for the next decade

These shares are going places over the remainder of the decade and beyond.

Read more »

Four piles of coins, each getting higher, with trees on them.
Growth Shares

2 high-growth ASX shares to buy today: brokers

These stocks have a strong growth outlook.

Read more »