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.

Should you invest $1,000 in PointsBet right now?

Before you consider PointsBet, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and PointsBet wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of May 24th 2021

More reading

3 top ASX growth shares rated as buys

Top ASX shares to buy in August 2021

How China’s war on tech companies can hit ASX shares where it hurts

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.

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!