While the Australian share market may not boast a tech sector on the scale of its Wall Street counterpart, there are certainly noteworthy options for investors to consider. Bell Potter, a leading brokerage, has identified three standout ASX tech shares that it believes are worth buying. The broker also suggests that the current juncture could be an opportune moment for investment in the sector, noting the potential for decreasing interest rates.

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1. Life360 Inc (ASX: 360)

With approximately 60 million users, Life360 Inc stands out as a top pick for Bell Potter. The broker sees significant growth potential, emphasizing the extensive runway for converting users into paying customers. Despite a recent substantial price increase, the company continues to add a substantial number of paying subscribers each quarter. Bell Potter maintains a buy rating and has set a price target of $11.00 for Life360 Inc shares.

2. WiseTech Global Ltd (ASX: WTC)

Bell Potter recognizes WiseTech Global as the largest and arguably the best-listed tech stock domestically. Unlike some competitors, WiseTech operates on a global scale without facing a major peer in its market. The brokerage firm notes that the recent underperformance of the stock is attributed to investments made in expanding into new markets. However, Bell Potter views this as a buying opportunity, highlighting WiseTech's potential to diversify from its core market of freight forwarding into customs, compliance, and landside logistics. The price target for WiseTech Global shares is set at $72.25.

3. Task Group Holdings Ltd (ASX: TSK)

Task Group Holdings is a smaller-cap ASX tech share that Bell Potter considers promising. It operates as a founder-led enterprise management platform, providing an end-to-end Software as a Service (SaaS) solution in various verticals, including quick-service restaurants, gaming, stadiums, and food service. The broker underscores Task Group Holdings' high-quality client list, featuring the provision of McDonald's GMA-lite app into 60+ global markets via its Plexure division. The company aims to capitalize on opportunities in North American Stadiums and Gaming verticals. Bell Potter has assigned a buy rating and a price target of 54 cents for Task Group Holdings.


As investors navigate the dynamic landscape of ASX tech shares, these insights from Bell Potter offer valuable considerations for those seeking potential growth opportunities in the sector.