The tech sector is a sea of red on Thursday, with heavy declines being seen across the board.
While this is disappointing, previous sell-offs have proven to be great buying opportunities for investors.
But which ASX tech shares could be buys this time around? Here are a couple that are rated highly by brokers:
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Aristocrat Leisure Limited (ASX: ALL)
Aristocrat Leisure could be an ASX tech share to buy following today's weakness. The gaming technology company's shares are currently down 2.5% to $38.60.
The team at Goldman Sachs is positive on the company and has a buy rating and a $46.70 price target on its shares. This implies a potential upside of almost 21% for investors over the next 12 months.
The broker likes Aristocrat Leisure due to its positive long-term growth outlook. This is underpinned by its position as a leading land-based slot machine manufacturer and mobile gaming player with a leading share in the Social Casino space, as well as its real money gaming opportunity.
Overall, the broker believes "ALL offers the most diversified growth opportunity in the ANZ Gaming space, at attractive multiples and has strong growth optionalities."
Megaport Ltd (ASX: MP1)
Another ASX tech share that could be a buy following today's sell-off is Megaport. It is an elasticity connectivity and network services interconnection provider that Morgans rates as a buy.
Morgans currently has an add rating and a $9 price target on its shares. So, with its share price trading down almost 7% to $7.27 during today's session, this implies a potential upside of 24% for investors over the next 12 months.
Its analysts were impressed with the company's recent update, noting that its guidance for "FY24 was well ahead of consensus expectations." In light of this, the broker thinks "MP1 will be FCF+ in FY24."
Outside this, the broker has previously highlighted the company's "first mover advantage, scale and technical expertise, which means they are well placed to grow rapidly and maintain a healthy competitive advantage."
