3 buy-rated ASX growth shares

These growth shares are rated as buys…
The post 3 buy-rated ASX growth shares appeared first on The Motley Fool Australia. –

Are you interested in adding some ASX growth shares to your portfolio this month? If you are, you may want to look at the ones listed below that have recently been named as buys.

Here’s what you need to know about them:

Appen Ltd (ASX: APX)

The first growth share to look at is Appen. It has a team of over one million crowd sourced experts preparing the data that goes into artificial intelligence (AI) and machine learning models. It does this for some of the biggest tech companies in the world such as Google and Facebook. And while demand softened during the pandemic, there are early signs emerging that indicate a rebound is taking place.

For this reason, last week Citi put a buy rating and $18.00 price target on its shares.

Cochlear Limited (ASX: COH)

Another growth share to consider is Cochlear. It is one of the world’s leading hearing solutions companies. Cochlear has been consistently delivering solid earnings growth for years thanks to its world class portfolio of products, ageing populations, and its high level of investment in research and development. And with all these drivers still in place today, Cochlear appears to be in a position to continue its growth over the next decade.

Macquarie currently has an outperform rating and $246.00 price target on its shares.

IDP Education Ltd (ASX: IEL)

A final ASX growth share to look at is IDP Education. It is a provider of international student placement services and English language testing services. Although the company has been hit hard by the pandemic, it is expected to come out of the crisis in a stronger position. This, together with pent up demand and acquisitions, is expected to underpin rapid growth once trading conditions return to normal.

Morgan Stanley has an overweight rating and $33.00 price target on its shares.

The post 3 buy-rated ASX growth shares 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 May 24th 2021

More reading

Appen (ASX:APX) share price drops after a fantastic week
3 strong ASX growth shares for investors in August

Top brokers name 3 ASX shares to buy next week

How owning too much Afterpay (ASX:APT) was our biggest regret
3 top ASX growth shares rated as buys

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 Appen Ltd, Cochlear Ltd., and Idp Education Pty Ltd. The Motley Fool Australia owns shares of and has recommended Appen Ltd. The Motley Fool Australia has recommended Cochlear 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!