Insights

2 rapidly growing ASX shares rated as buys

These growth shares are buys according to analysts…
The post 2 rapidly growing ASX shares rated as buys appeared first on The Motley Fool Australia. –

If you have room for a growth share or two in your portfolio, you might want to consider the shares listed below.

Here’s what you need to know about them:

Breville Group Ltd (ASX: BRG)

The first ASX growth share to look at is Breville. The appliance manufacturer has been growing at a solid rate in recent years thanks to strong demand and its international expansion.

This positive form continued in FY 2021, with Breville delivering one of the stronger full year results this month. For example, for the 12 months ended 30 June, Breville reported a 24.7% increase in revenue to $1,187.7 million and a 39.6% jump in EBIT to $136.6 million. The latter was ahead of its upgraded guidance.

This result was supported by favourable tailwinds brought about by COVID-19 such as more cooking and working at home, which underpinned an increase in demand for whitegoods such as cooking equipment and coffee machines.

UBS was pleased with its result and in response retained its buy rating and $35.70 price target. It likes the company due to its attractive long term growth potential.

PointsBet Holdings Ltd (ASX: PBH)

Another ASX growth share to look at is PointsBet. It is a leading sports betting company with operations in both the ANZ and US markets.

It recently released its fourth quarter update and revealed that it achieved full year turnover of $3,781.4 million in FY 2021. This was up an impressive 228% on FY 2020’s turnover.

Management advised that this was driven by a 117% annual increase in Australian active clients to 196,585 and a 661% increase in US active clients to 159,321.

Goldman Sachs is very positive on the company and has a buy rating and $14.90 price target on its shares.

Its analysts note that PointsBet has a strong position in the US and a huge market opportunity ahead of it. It expects the US sports betting market to grow at a compound annual growth rate of 40% out to 2033. It estimates that it will be worth US$39 billion a year at that point.

The post 2 rapidly growing ASX shares rated as buys appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

Why Zip (ASX:Z1P) and these growth shares could be buys
Top brokers name 3 ASX shares to buy next week

2 fantastic ASX growth shares named as buys this week

PointsBet (ASX:PBH) share price falls despite US NFL news
Top brokers name 3 ASX shares to buy today

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. owns shares of and has recommended Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!