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

a man in a business suit and carrying a laptop stands smiling with hand in pocket outside a large office building in a city environment.
Growth Shares

Buy these 2 impressive ASX 200 shares in July: experts

Experts are bullish about these two businesses.

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 ASX 200 shares set to dominate the next decade

Let's see why these shares could be great long term picks for Aussie investors.

Read more »

A group of businesspeople clapping.
Growth Shares

3 ASX growth shares with 10-year compounding potential

Let's see which shares are being tipped as buys for growth investors.

Read more »

Woman happy and relaxed on a sofa at a shop.
Growth Shares

Are these 2 top ASX growth shares buys?

Are these high-flyers still 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 stellar ASX growth shares to buy with $7,000

Let's see why analysts are feeling bullish about these top stocks.

Read more »

A smiling man at a shop counter takes payment from a customer, with racks of plants in the background.
Growth Shares

2 ASX shares to buy and hold for the next decade

I’m optimistic about what these investments can deliver in a year.

Read more »

A smiling businessman in the city looks at his phone and punches the air in celebration of good news.
Growth Shares

High-conviction ASX 200 shares with 10-year upside

Let's see why analysts think these shares could be great long term picks.

Read more »

A young male ASX investor raises his clenched fists in excitement because of rising ASX share prices today
Growth Shares

The ultimate Australian stocks to buy and hold for 10+ years

These shares could be ultimate buys according to analysts.

Read more »