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Analysts say these small ASX stocks have big futures

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Looking for small stocks to buy? Then look at the ones listed below.

Here’s why you should get to know them better:

The first ASX stock with little capital to consider is Airtasker. It is a growing online local service provider, with an estimated total target market of $ 600 billion in Australia, the UK and the US.

It has also just announced an agreement to acquire Australia’s third-largest local services platform, Oneflare. It is expected that this will strengthen its supply and give it a strong presence in trade, home improvement and professional services.

Morgans is very positive about the company. He currently has an additional rating and a target share price of $ 1.15. However, this may change in the coming days after the acquisition and concomitant capital increase.

PlaySide Studios Limited 09.30 ASX: PLY

Another small ASX promotion that has been marked as a purchase is PlaySide Studios. It is one of the largest video game developers in Australia with a growing portfolio of titles.

In addition, the company recently announced hiring deals with a number of industry giants, including 2K Games and Activision Blizzard. This seems to demonstrate PlaySide’s growing reputation in the industry and could open the door to other deals in the future if all goes according to plan.

Another potential money spinner is the company’s propensity for NFT. For example, it recently showed revenue of $ 8 million from NFT related to the Dumb Ways to Die brand. Australian NBA star Ben Simmons was the buyer of five of those tokens, according to records.

Horde Blowjob is a PlaySide fan. He currently has a speculative buying rating and a target price for his stock of 95 cents.

https://www.fool.com.au/2022/05/04/analysts-say-these-small-cap-asx-shares-have-big-futures/

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