If you have room for a new addition (or two) to your portfolio, then it could be worth checking out the shares listed below.
These shares come from very different areas of the market. But one thing they share in common, is that they are highly rated by analysts. Here's what you need to know about them:
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Life360 Inc (ASX: 360)
Life360 could be a quality option for ASX investors. It is the technology company responsible for the Life360 app.
This is the world's leading real time, location-sharing app used by families across the world to stay safe and communicate. Its features include driver safety, messaging, and geo-fencing.
The company currently boasts a whopping 33.8 million monthly active users. And while this is generating significant recurring revenues for Life360, it is still only really in the early stages of monetising its massive user base.
The team at Bell Potter is very positive on Life360's future. Its analysts see significant cross selling and upselling opportunities for the company in the future.
Because of this and its belief that its shares are cheap in comparison to peers, the recently retained its buy rating and lifted its price target to $14.75.
Orocobre Limited (ASX: ORE)
Orocobre could be another ASX share to buy. Following its recent merger with Galaxy Resources, it has become a top five global lithium mining company with a collection of high-quality assets. These include Olaroz, Mt Cattlin, and the Sal de Vida brine project.
Thanks to the clean energy transition and the rapid adoption of electric vehicles, Orocobre appears well-positioned to benefit greatly from increasing demand for battery making ingredients.
The team at Macquarie is very positive on Orocobre. The broker currently has a buy rating and $12.00 price target on its shares.
