The ASX’s top 10 technology shares (August 2020)

Can you believe Afterpay Ltd (ASX: APT) is the biggest ASX-listed software stock? I can’t…

How about Xero Limited (ASX: XRO) shares edging toward $100 and with a market cap around $13 billion, plus change? That makes more sense to me…

Overseas, innovative software companies like Amazon.com Inc (NASDAQ: AMZN), Microsoft Corp (NASDAQ: MSFT) and Salesforce.com (NASDAQ: CRM) dominate news headlines and markets.

In this video, taken from the Rask Investor Event in Sydney last year, I explain why I love software companies and why Xero was/is right in my sweet spot.

The 10 largest technology stocks on the ASX

Here’s a list of the largest ASX-listed technology stocks.

Note: you can click on the ticker codes to go to the Rask Media pages for those companies.

Company Market Cap
Afterpay Ltd (ASX: APT) $19.7 billion
Xero Limited (ASX: XRO) $13.5 billion
Computershare Limited (ASX: CPU) $7.5 billion
WiseTech Global Ltd (ASX: WTC) $7.3 billion
Nextdc Ltd (ASX: NXT) $5.4 billion
Appen Ltd (ASX: APX) $4.6 billion
Altium Limited (ASX: ALU) $4.6 billion
TechnologyOne Ltd (ASX: TNE) $2.7 billion
Pushpay Holdings Ltd (ASX: PPH) $2.2 billion
Link Administration Holdings Ltd (ASX: LNK) $2.2 billion

Buy, Hold or Sell

In the near future, I’ll cover each of these companies in more detail here on Rask Media. I already own three of them.

For now, though, this is a good starter list for investors to pursue with further research, reading and modelling. If you’re looking for more ideas, including the companies that could be tomorrow’s blue-chip tech stocks, read these articles I wrote recently:

To get daily news on the most promising Australian companies, use your web browser to bookmark our ASX growth shares page.

Expert Analyst Report: 1 ASX Stock for 2020 & Beyond

Want to know the name of 1 of our lead analyst’s top 10 growth stocks?

Enter your email below to receive a 3,500-word analyst report, valuation research note, exclusive CEO interview and more.

It’s completely free. Just enter your email and we’ll send you the report.

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Expert Analyst Report: 1 ASX Stock for 2020 & Beyond

Want to know the name of 1 of our lead analyst’s top 10 growth stocks?

Click here to access our free member content, including this 3,500-word analyst report, valuation research note, exclusive CEO interview and more. It’s completely free.

At the time of publishing, Owen owns shares of Altium, Pushpay and Xero.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Keep reading: