Insights

3 excellent ASX shares for growth investors in July

Looking for growth? Check out these shares…
The post 3 excellent ASX shares for growth investors in July appeared first on The Motley Fool Australia. –

With so many ASX shares to choose from on the Australian share market, it can be hard to decide which ones to buy over others.

To narrow things down, I have picked out three options for growth investors to consider. They are as follows:

Altium Limited (ASX: ALU)

The first growth share to look at is Altium. It is a leading printed circuit board (PCB) design software provider. As PCBs are found inside almost all electronic devices, this means Altium is exposed to the explosion of electronic devices globally. This bodes well for its future growth, especially given its clear leadership position in the industry. Credit Suisse remains very positive on the company. The broker currently has an outperform rating and $42.00 price target on its shares.

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

Another option to consider is this ETF which gives investors access to a group of highly promising growth shares in the Asian market. The BetaShares Asia Technology Tigers ETF gives investors a slice of 50 outstanding tech companies that are leading Asia’s technological revolution. Among the companies included in the fund are the likes of Alibaba, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, & Tencent. The latter is the company behind the hugely popular WeChat app.

ELMO Software Ltd (ASX: ELO)

A final growth share to look at is ELMO. It is a HR and payroll platform provider that has been growing at a consistently strong rate for years. This has been driven largely by the shift to the cloud, which is underpinning strong demand for its high quality software in the ANZ and UK markets. In addition to this, the company has made a number of bolt-on acquisitions that strengthen its offering and create cross- and up-selling opportunities. This leaves it well-placed to continue winning a share of its significant market opportunity over the next decade. Shaw & Partners is a fan of ELMO. It currently has a buy rating and $9.00 price target on its shares.

The post 3 excellent ASX shares for growth investors in July 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

Here’s how some of the top ASX SaaS shares performed in FY21

Expert says more ASX shares to follow Sydney Airport (ASX:SYD) takeover trend
3 excellent ETFs for ASX investors in July

2 excellent ASX tech shares named as buys

3 stellar ASX growth shares that are highly rated

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 Altium and Elmo Software. The Motley Fool Australia owns shares of and has recommended Altium, BetaShares Asia Technology Tigers ETF, and Elmo Software. 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!