Why Ord Minnett is bullish on these ASX 200 tech stocks

Analysts at Ord Minnett have good things to say about these shares.

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Investors on the lookout for exposure to the tech sector might want to check out the two ASX 200 shares listed below.

That's the view of analysts at Ord Minnett, which have good things to say about them. Here's what you need to know:

Aristocrat Leisure Limited (ASX: ALL)

The first ASX 200 tech share that Ord Minnet is positive on is gaming technology company Aristocrat Leisure.

The broker was impressed with the company's recent full year results release. It said:

Aristocrat Leisure (ALL) posted FY24 operating earnings slightly ahead of consensus, as US game installations came in ahead of company guidance, while year-on-year (YoY) EPS rose an impressive 20%.

Overall, the result showed another strong performance from the electronic gaming machine (EGM) and social casino group, and provides a solid foundation for further stellar growth in EPS, even accounting for the impact of the US$620 million ($955 million) sale of its Plarium Global mobile gaming business.

Its analysts expect more of the same in the future and have boosted their earnings estimates for the coming years. They add:

Ord Minnett sees increased revenue from the participation market as central to the case for EPS growth. This market now accounts for circa 50% of Aristocrat's earnings before interest and tax (EBIT). We also expect EPS to be boosted by a rising share of the ship-share segment. ‍ Post the result and incorporating the sale of Plarium, we have raised our EPS estimates for FY25 by 1% for FY25 and by 3% for FY26 and FY27.

The broker has an accumulate rating and $72.00 price target on its shares.

WiseTech Global Ltd (ASX: WTC)

Another ASX 200 tech share that gets the seal of approval from Ord Minnett is WiseTech Global.

It is a leading provider of software solutions to the global logistics execution industry. This software enables and empowers logistics service providers to facilitate the movement and storage of goods and information.

The broker has trimmed its FY 2025 earnings estimates to reflect a recent guidance downgrade but remains very positive on the future and hasn't touched its medium term estimates. It said:

Post the trading update, we have cut our EPS forecast by 6% for FY25 to account for earnings impact of the delayed launch of the Container Transport Optimisation product. Our FY26 estimate is unchanged and our FY27 forecast rises 4%.

Our price target rises to $137.00 from $120.00, highlighting our positive view on WiseTech's products and their strong presence in the logistics industry, with the company noting in its FY24 results presentations that it had rolled out its core CargoWise product to 52 large global freight operators, including more than half of the world's top 25 freight forwarders, the latest being Nippon Express, Japan's largest freight forwarder.

The broker has an accumulate rating and $137.00 price target on its shares.

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Motley Fool contributor James Mickleboro has positions in WiseTech Global. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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