Looking for growth? Check out these shares…
The post 3 excellent ASX growth shares you need to know about 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.
Here’s why these ASX shares could be top options for growth investors:
BetaShares Asia Technology Tigers ETF (ASX: ASIA)
The first option for growth investors to look at is an ETF that is invested in a group of growth shares. The BetaShares Asia Technology Tigers ETF provides investors with easy access to some of the most exciting tech companies in the Asian market. These are the companies that are leading Asia’s technological revolution and have been tipped to grow strongly over the long term. Particularly given the region’s younger and tech savvy population.
Among the companies included in the fund are the likes of Alibaba, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, & Tencent.
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 platform connects tradies with residential and commercial consumers, providing job leads from homeowners and organisations looking for qualified professionals. Its platform continues to grow in popularity with both consumers and tradies. This is underpinning strong sales growth in FY 2021.
Analysts at Goldman Sachs are very positive on the company’s future. In fact, they see a huge growth runway ahead of it. Last week the broker retained its buy rating and lifted its price target by 20% to $4.10.
WiseTech Global Ltd (ASX: WTC)
A final growth share to consider is WiseTech Global. It is the logistics solutions company behind the popular CargoWise One platform. This platform allows users to execute complex logistics transactions and manage freight operations from a single, easy to use platform. It 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. It also looks set to benefit from its customers making acquisitions, which is expected to lead to increased usage.
Morgan Stanley has an overweight rating and $35.00 price target on its shares.
The post 3 excellent ASX growth shares you need to know about appeared first on The Motley Fool Australia.
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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 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.