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3 small cap ASX shares analysts are tipping for big things

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Looking for some small cap shares to buy? Then have a look at the ones listed below.

Here’s why they could be worth getting better acquainted with:

The first small cap ASX share to consider is Airtasker. It is a growing online marketplace provider for local services that estimates that it has a total addressable market of $600 billion across Australia, the UK, and the US. This sizeable opportunity has caught the eye of the team at Morgans. As has its attractive business model, which the broker highlights works for both sides of the marketplace and has attractive unit dynamics. Morgans also points out that this market is in the early stages of ecommerce adoption, which bodes well for Airtasker’s future growth.

Morgans has an add rating and $1.25 price target on the company’s shares.

PlaySide Studios Limited (ASX: PLY)

Another small cap ASX share to look at is PlaySide Studios. It is one of the largest video game developers in Australia with a growing portfolio of titles. In addition, the company has recently announced work for hire deals with games publishing giants 2K Games and Activision Blizzard. This demonstrates its growing reputation in the industry and could open the door to other deals in the future.

Canaccord Genuity is a fan of PlaySide. It currently has a buy rating and $1.30 price target its shares.

A final small cap to look at is this online travel booking and expense management provider. Serko was hit hard by the pandemic but is bouncing back strongly now. And with the company well-funded thanks to a recent capital raising, it can now focus on its global marketplace strategy. This strategy is aiming to transform the company from an online booking tool into a distributed marketplace. This will also be supported by its game-changing deal with Booking.com.

Ord Minnett remains very positive on Serko. Last month it put a buy rating and $7.93 price target on its shares.

Source: Read More

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