2 stellar ASX growth shares analysts rate as buys

These growth shares could be in the buy zone…
The post 2 stellar ASX growth shares analysts rate as buys appeared first on The Motley Fool Australia. –

If you’re a fan of growth shares like I am, then you may want to look closely at the two shares listed below.

Here’s why these could be growth shares to buy:

Breville Group Ltd (ASX: BRG)

The first ASX growth share to look at is Breville. is one of the world’s leading appliance manufacturers behind a range of brands including the eponymous Breville brand and Sage. Breville has been consistently solid performer over the last decade and has generated strong returns for investors. The good news is that it looks well-placed to continue this trend over the next decade. This is thanks to the popularity of its brands, its international expansion, acquisitions, favourable consumer trends, and its continued investment in R&D.

Morgans is very positive on the company’s future. Its analysts have an add rating and $34.00 price target on Breville’s shares. This compares to the latest Breville share price of $26.99.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another ASX growth share to look at is this pizza chain operator. Like Breville, Domino’s has also been growing at a consistently solid rate for over a decade. This is thanks to the popularity of its offering and the expansion of its footprint. And also like Breville, this positive trend looks set to continue over the next decade thanks to its bold expansion plans, strong offering, and equally strong balance sheet. The latter provides opportunities for further strategic acquisitions. And while food inflation could be weighing on costs at present, this is only likely to be temporary. In light of this, investors may be best being patient and focusing on the bigger picture.

Goldman Sachs is positive on Domino’s. It currently has a buy rating and $147.00 price target on the pizza chain operator’s shares. This compares to the latest Domino’s share price of $100.88.

The post 2 stellar ASX growth shares analysts rate 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 over ten 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 January 12th 2022

More reading

2 consumer ASX shares ready to pop

3 buy-rated ASX shares

Analysts name 2 excellent ASX growth shares to buy right now

Why Domino’s, Fortescue, Medibank, and Metcash shares are falling

ASX 200 (ASX:XJO) midday update: Afterpay-Block deal approved, Fortescue downgraded

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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited. 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.

  • This field is for validation purposes and should be left unchanged.

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 - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US & HK* Trades. Click Here!