Insights

3 fantastic ASX growth shares to buy in October

Here are three highly rated growth shares…
The post 3 fantastic ASX growth shares to buy in October appeared first on The Motley Fool Australia. –

There are a lot of growth shares for investors to choose from on the Australian share market.

To narrow things down, I have picked out three ASX growth shares that are highly rated. Here’s what you need to know about them:

Altium Limited (ASX: ALU)

The first ASX growth share to take a look at is Altium. Its printed circuit board (PCB) design platforms are used in the design process of products in a range of industries such as the automotive, aerospace, consumer electronics and medical devices industries. While COVID-19 has softened demand for its offering, it appears well-placed to bounce back in a post-pandemic world. This is thanks to industry tailwinds, such as the Internet of Things and artificial intelligence booms, which are underpinning the proliferation of electronic devices globally.

One leading broker that is positive on the company is Citi. It currently has a buy rating and $35.40 price target on its shares.

Kogan.com Ltd (ASX: KGN)

Another ASX growth share to look at is this growing ecommerce company. It has been benefitting greatly from the shift to online shopping over the last few years. Especially given its strong market position, growing private label business, and well-known brand. In addition, the company has made a number of acquisitions to strengthen its offering. This includes the acquisition of fellow online retailer Mighty Ape for $122 million last year. And while the company is going through a difficult spot as tailwinds ease and inventory builds up, this appears to be more than reflected in its recent share price performance.

Credit Suisse remains positive on Kogan. Its analysts currently have an outperform rating and $14.06 price target on its shares.

Pushpay Holdings Group Ltd (ASX: PPH)

A final growth share to look at is Pushpay. It is a leading donor management and community engagement platform provider for the faith sector. It has been a strong performer during the pandemic thanks partly to the shift to a cashless society, its high quality platform, and the accelerating digitisation of the church. It was because of the latter that Pushpay recently announced the US$150 million acquisition of Resi Media. This deal is expected to help Pushpay capture the shift toward more remote sermons and video streaming in the wake of the pandemic. Overall, this appears to have left Pushpay well-placed to continue its strong growth over the 2020s.

The team at Jarden are positive on the company’s outlook. The broker currently has a buy rating and NZ$2.10 (A$2.00) price target on its shares.

The post 3 fantastic ASX growth shares to buy in October appeared first on The Motley Fool Australia.

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

Before you consider Pushpay, 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 Pushpay 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 August 16th 2021

More reading

How have the WAAAX shares performed so far this year?

ASX 200 tech correction? 5 of the worst-hit shares

Why ASX tech shares are crashing on Wednesday

2 beaten-up ASX shares that could be buys in October 2021

2 founder-led ASX shares to buy now

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, Kogan.com ltd, and PUSHPAY FPO NZX. The Motley Fool Australia owns shares of and has recommended Altium, Kogan.com ltd, and PUSHPAY FPO NZX. 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!