If you're looking to add a bit of tech exposure to your portfolio, then you might want to look at the shares listed below.
Here's why these tech shares could be top options:
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Nitro Software Ltd (ASX: NTO)
The first tech share to look at is this fast-growing global document productivity software company. Nitro's cloud-based software allows organisations to drive better business outcomes through 100% digital document processes and fast, efficient workflows. At the last count, the company had over 2.8 million licensed users and 12,000+ business customers in 155 countries. This helped underpin a 50% increase in its annual recurring revenue during the third quarter.
In response to that update, Bell Potter retained its buy rating and lifted its price target to $4.50.
PointsBet Holdings Ltd (ASX: PBH)
Another tech share to consider is PointsBet. It is a sports wagering operator and iGaming provider offering innovative sports and racing betting products and services via a scalable cloud-based platform. It has been growing at a rapid rate over the last few years thanks to its growing customer base in both the ANZ and US markets. Pleasingly, this positive form is expected to continue, with Goldman Sachs forecasting very strong growth over the coming years as its US expansion gathers pace. This expansion will be supported by its game-changing deal with US sports broadcaster NBCUniversal.
Goldman currently has a buy rating and $12.79 price target on the company's shares.
Zip Co Ltd (ASX: Z1P)
A final tech share to look at is Zip. Thanks to the ever-increasing popularity of the buy now pay later (BNPL) payment method with consumers and merchants, Zip has been growing at a rapid rate in recent years. Pleasingly, this has continued in FY 2022. Following a strong first quarter, Zip delivered a record month in October. It reported over $770 million in transaction volume for the month, which was a 94% increase on the prior corresponding period. It also annualises at over $9 billion. This is still only a fraction of its global market opportunity.
Shaw and Partners is very bullish on Zip. The broker believes Zip's shares trade on undemanding multiples. In light of this, its team has a buy rating and lofty $16.10 price target.
