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3 compelling ASX growth shares that could be buys in August

These growth shares are highly rated right now…
The post 3 compelling ASX growth shares that could be buys in August appeared first on The Motley Fool Australia. –

If you’re looking to add some growth shares to your portfolio in August, then you may want to look at the shares listed below.

All three of these ASX growth shares have been tipped as buys recently. Here’s what you need to know about them:

Breville Group Ltd (ASX: BRG)

The first ASX growth share to look at is this leading appliance manufacturer. It has been growing solidly for years and has been tipped to continue this positive trend in the future. This is thanks to the popularity of Breville’s products, favourable tailwinds such as working from home, and its ongoing international expansion. The company also invests heavily in research and development to ensure it has a pipeline of innovative products.

UBS is bullish on its prospects and expects its growth to continue. The broker currently has a buy rating and $35.70 price target on its shares.

Hipages Group Holdings Ltd (ASX: HPG)

Another ASX growth share to look at is Hipages. It is a leading Australian-based online platform and software as a service (SaaS) provider. The company’s increasingly popular platform connects consumers with trusted tradies to simplify home improvement. At the end of June, Hipages had 31,200 tradie subscriptions on its platform and provided them with 353,000 job leads during the fourth quarter of FY 2021.

Analysts at Goldman Sachs are very bullish on the company’s prospects. They believe it has a huge growth runway ahead as its ecosystem builds. Goldman currently has a buy rating and $4.10 price target on its shares.

WiseTech Global Ltd (ASX: WTC)

A final ASX growth share to consider is this logistics solutions company. WiseTech is the company behind the popular CargoWise One solution, which allows users to execute complex logistics transactions and manage freight operations from a single, easy to use platform. Demand has been growing strongly over the last decade, underpinning stellar sales and profit growth. Pleasingly, WiseTech appears well-placed to continue its strong growth long into the future. This is thanks to its high quality platform, strong market position, and growing freight volumes globally.

The team at Morgan Stanley are very positive on the company. They currently have an overweight rating and $35.00 price target on its shares.

The post 3 compelling ASX growth shares that could be buys in August appeared first on The Motley Fool Australia.

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More reading

3 top ASX growth shares rated as buys

Top ASX shares to buy in August 2021

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2 excellent ASX tech shares named as buys

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

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