Do you want to add some ASX tech shares to your portfolio this month?
If you do, three tech shares that could be worth looking closely at are listed below. Here's what analysts are saying about them right now:
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Altium Limited (ASX: ALU)
Altium could be an ASX tech share to buy. It is the industry-leading printed circuit board (PCB) design software provider by the Altium Designer and Altium 365 platforms. These platforms have allowed Altium to command a dominant position in the electronic design market. This has underpinned strong growth over the last decade, with more expected in the coming years. For example, management is aiming to more than double its revenue to US$500 million by 2026.
Morgan Stanley has an overweight rating and a $43.50 price target on its shares.
Objective Corporation Limited (ASX: OCL)
Goldman Sachs thinks that Objective Corp could be an ASX tech share to buy. It is a growing provider of content, collaboration, and process management solutions for the public sector in Asia Pacific and Europe. The broker likes Objective Corp due to its belief that it is "well placed to deliver robust and defensive earnings growth." Goldman is forecasting "+350/+250bps margin expansion driving +23%/+32% FY24/25 EPS growth when comping trough FY23E earnings."
Goldman has a buy rating and a $14.90 price target on Objective Corp's shares.
Readytech Holdings Ltd (ASX: RDY)
Goldman Sachs is also bullish on this ASX tech share. Readytech is a leading provider of mission-critical software-as-a-service (SaaS) solutions for the education, workforce management, government and justice sectors. The broker like Readytech due to its exposure to government software. It highlights that this "has been a pocket of strength and resilience" and expects it to help "deliver mid-teens organic growth at an expanding profit margin through the cycle."
Goldman Sachs has a buy rating and a $4.40 price target on its shares.
