Looking for growth? Check out these shares…
The post 3 excellent ASX growth shares rated as buys appeared first on The Motley Fool Australia. –
If you’re looking to add some growth shares to your portfolio, then you might want to take a look at these 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:
Afterpay Ltd (ASX: APT)
This buy now pay later (BNPL) focused payments company could be a growth share to consider buying. It has been growing at a rapid rate in recent years thanks to the increasing popularity of BNPL with consumers and merchants, the demise of credit cards, and its global expansion. Positively, due to its international expansion, it still has a long runway for growth over the 2020s. In addition to this, it is planning to expand its offering beyond BNPL in the near future.
Morgan Stanley is a fan of the company. It currently has an overweight rating and $145.00 price target on Afterpay’s shares.
Breville Group Ltd (ASX: BRG)
Breville is one of the world’s leading appliance manufacturers. It has been growing its sales and profits at a strong rate over the last few years. This is being underpinned by its international expansion and its investment in research and development. The latter is ensuring that Breville has a strong and innovative product portfolio.
UBS is positive on its growth outlook. Its analysts currently have a buy rating and $35.70 price target on its shares.
Hipages Group Holdings Ltd (ASX: HPG)
Hipages is a leading Australian-based online platform and software as a service (SaaS) provider. The company’s platform connects tradies with residential and commercial consumers, providing job leads from homeowners and organisations looking for qualified professionals.
Analysts at Goldman Sachs are very positive on the company’s future and see a huge growth runway ahead of it. The broker has a buy rating and $3.40 price target on its shares.
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
Zip (ASX:Z1P) and Afterpay (ASX:APT) shares withstand market selloff
Selling some ASX shares before tax time? Here’s what you should know
James Mickleboro does not own any shares mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO and Hipages Group Holdings Ltd. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.