3 exciting small cap ASX shares to buy in November

These small caps come with big buy ratings from brokers. Let's see what they are saying.

| More on:
A man wearing glasses and a white t-shirt pumps his fists in the air looking excited and happy about the rising OBX share price

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

If you are a fan of small cap ASX shares, then you will be pleased to know that analysts have recently named a number as buys.

Here's what you need to know about these shares from the small side of the market:

AVITA Medical Inc (ASX: AVH)

The first small cap ASX share that could be a buy is AVITA Medical. It is a regenerative medicine company with a focus on wound care management and skin restoration with its RECELL technology.

The company notes that RECELL harnesses the regenerative properties of a patient's own skin to create spray-on skin cells, delivering a transformative solution at the point-of-care. Management believes its technology serves as the catalyst for a new treatment paradigm enabling improved clinical outcomes.

Morgans is very positive on the company. This is partly due to the company recently expanding its "indication into full thickness skin defects and Vitiligo (US$5bn TAM)." It also thinks that its automated device RECELL Go "will be a meaningful driver of rapid adoption by clinicians."

The broker has an add rating and $4.56 price target on its shares.

Bluebet Holdings Ltd (ASX: BBT)

A second small cap ASX share that could be a buy is Bluebet. It is a sports betting company which recently completed a merger with betr.

Morgans is also positive on the company and believes its shares are undervalued at current levels. Particularly given its recent quarterly update, which it notes saw Bluebet report a "strong performance despite not yet fully benefiting from the impact of the betr migration."

In addition, it highlights that its net win margin of 9.7% exceeded the market's and its own expectations. And, "impressively, the margin reflects the company's rapid success in monetising betr's customer base within a short timeframe."

Morgans currently has an add rating and 33 cents price target on its shares.

Readytech Holdings Ltd (ASX: RDY)

Another small cap ASX share that has been named as a buy is Readytech.

It is a technology company that owns a portfolio of enterprise software businesses across several market verticals. This includes higher education and local government.

Goldman Sachs is a fan of the company. It likes Readytech due to its growing levels of recurring revenue and low churn levels. The broker expects this to help the company "continue to grow mid-teens organically while making accretive acquisitions."

The broker currently has a buy rating and $4.25 price target on its shares.

Should you invest $1,000 in Avita Medical right now?

Before you buy Avita Medical shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Avita Medical wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 7 February 2025

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Avita Medical, Goldman Sachs Group, and ReadyTech. The Motley Fool Australia has recommended Avita Medical and ReadyTech. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Small Cap Shares

A man slumps crankily over his morning coffee as it pours with rain outside.
Small Cap Shares

Why this Telstra-linked ASX small cap stock just crashed 90%

This small cap is having a very bad session. What's going on?

Read more »

A young boy wearing a hat, sunnies and striped singlet looks fierce and flexes his arm in victory.
Small Cap Shares

The ASX small-cap stock trading at 'half of the earnings multiple of industry leaders'

A leading fund manager sees a lot of untapped value for this soaring ASX small-cap stock.

Read more »

A man has a surprised and relieved expression on his face. as he raises his hands up to his face in response to the high fluctuations in the Galileo share price today
Small Cap Shares

These small cap ASX stocks could rise 15% to 70%

Analysts think big returns could be on the cards for buyers of these stocks.

Read more »

A female ASX investor looks through a magnifying glass that enlarges her eye and holds her hand to her face with her mouth open as if looking at something of great interest or surprise.
Small Cap Shares

2 under-$5 ASX hidden gems worth your attention

These buy-rated shares are flying under the radar. Let's see why analysts are bullish on them.

Read more »

Miner looking at a tablet.
Resources Shares

2 small-cap ASX mining shares exploding 40%+ on China tariff news

Investors are sending the small-cap ASX mining shares flying higher on Wednesday.

Read more »

Siblings jumping on a trampoline.
Small Cap Shares

3 ASX small-cap shares with a 'solid growth outlook' for 2025

A leading fund manager expects strong growth from these ASX small-cap stocks in 2025.

Read more »

A little girl with red hair runs excitedly with a rocket strapped to her back, trying to launch.
Small Cap Shares

Guess which ASX small-cap stock exploded 154% on big US news!

ASX small-cap stocks carry added risk, but also sometimes offer supersized rewards.

Read more »

A group of businesspeople clapping.
Healthcare Shares

This fund returned 109% in 2024. Here are 2 of its best-performing ASX shares

Small caps proved to be the winners last year.

Read more »