Insights

3 ASX 200 (ASX:XJO) growth shares to buy

These growth shares are highly rated…
The post 3 ASX 200 (ASX:XJO) growth shares to buy appeared first on The Motley Fool Australia. –

If you’re a fan of growth shares like me, then you may want to check out the three highly rated ASX 200 shares listed below.

Here’s why these growth shares are rated highly:

Aristocrat Leisure Limited (ASX: ALL)

The first ASX 200 growth share to look at is Aristocrat Leisure. It is one of the world’s leading gaming technology companies and the name behind many of the most popular pokie machines globally. In addition to this, the company has a growing digital business. It is also worth noting that this business isn’t just about gambling. It has some extremely popular mobile games, such as RAID: Shadow Legends, which are generating significant recurring revenues. Combined, the company appears well-placed for growth over the long term.

Citi is a fan of the company. It has a buy rating and $46.00 price target on its shares. However, as the Aristocrat Leisure share price has just breached this level, investors might want to wait for a pullback.

Kogan.com Ltd (ASX: KGN)

Another ASX 200 growth share to look at is this ecommerce company. While management’s failure to manage its inventory efficiently during the pandemic was bitterly disappointing, it is a key lesson learned. And while this headwind may impact margins in the near term, the long term remains very positive. This is due to its strong market position and the ongoing structural shift to online shopping.

Analysts at Credit Suisse remain positive on Kogan. They currently have an outperform rating and $14.06 price target on its shares.

REA Group Limited (ASX: REA)

A final ASX 200 growth share that could be in the buy zone is REA Group. It is the dominant player in online real estate listings in the Australian market. This puts the company in a very strong position to benefit from the housing market boom. In addition to this, cost cutting, new revenue streams, price increases, and acquisitions look set to give boost its sales and earnings in the coming years.

Macquarie is bullish on REA Group. It currently has an outperform rating and $185.00 price target on its shares.

The post 3 ASX 200 (ASX:XJO) growth shares to buy 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

Fund managers are buying Kogan (ASX:KGN) and this ASX share
How have ASX retail shares performed during the August 2021 earnings season?

3 excellent ASX 200 (ASX:XJO) shares worth a closer look

2 fantastic blue chip ASX 200 (ASX:XJO) shares to buy in September

2 buy and hold ASX shares that could help grow your wealth

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 Kogan.com ltd. The Motley Fool Australia owns shares of and has recommended Kogan.com ltd. The Motley Fool Australia has recommended REA Group 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.

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!