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.
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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.