Bell Potter names the best ASX shares to buy in February

If you are looking for investment ideas, then it could pay to listen to what Bell Potter is saying.

That's because the broker has just released its latest top Australian picks from the smaller side of the market. These are its panel of favoured small cap Australian shares that it believes offer attractive returns over the long term.

Two that make the list in February are named below. Here's why it is bullish on them:

Adveritas Ltd (ASX: AV1)

The first Australian share that Bell Potter is recommending to clients is Adveritas.

It is a technology company that develops software solutions for enterprise customers which help maximise the return on digital ad spend.

Bell Potter notes that its key product is TrafficGuard, which is a SaaS platform that detects and intercepts fraudulent traffic (bots etc) in real time. This enables advertisers to reduce wasted ad spend and optimise their budgets.

The broker believes that the company is well-placed to benefit from growing demand for ad fraud software. Commenting on the company, its analysts said:

The market for ad fraud software like TrafficGuard is relatively nascent but is growing rapidly and Adveritas is already a leading global player. The TrafficGuard platform is scaling rapidly, with AV1 having established a dominant position in the online sports betting vertical and a growing presence across adjacent sectors such as eCommerce.

Catapult Sports Ltd (ASX: CAT)

Another Australian share that gets the thumbs up from Bell Potter is Catapult Sports.

It is a leading global provider of elite sport wearable tracking solutions and analytics for athletes.

Bell Potter highlights that Catapult is a market leader in a sizeable market that could double in size by 2030 to be worth US$72 billion a year.

Another positive is that the broker believes this Australian share is entering a phase of strong cash generation and sees plenty of upside for investors. It explains:

The key target market of Catapult is elite sporting teams and organisations and the acquisition of SBG also now gives the company a presence in motorsports. The pro sports technology market is currently valued at US$36bn in 2025 and is forecast to double to US$72bn by 2030. We view CAT as a market leader entering a stronger phase of cash generation and operating leverage, with an underpenetrated global customer base and expanding analytics suite providing a long runway for subscription growth and valuation upside.

The post Bell Potter names the best ASX shares to buy in February appeared first on The Motley Fool Australia.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Catapult Sports. The Motley Fool Australia has positions in and has recommended Catapult Sports. 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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