These growth shares could be going places…
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If you’re planning to add some growth shares to your portfolio in July, then you might 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 Breville. It is the leading appliance manufacturer behind the Sage and eponymous Breville brands, to name just two. It has been growing at a strong rate over the last few years thanks to acquisitions, its international expansion, and its continued investment in research and development. The latter is ensuring that Breville has a strong and innovative product portfolio.
UBS is positive that its growth can continue for the foreseeable future. As a result, it analysts currently have a buy rating and $35.70 price target on its shares.
Hipages Group Holdings Ltd (ASX: HPG)
Another growth share to look at is Hipages. It is a leading Australian-based online platform and software as a service (SaaS) provider. Hipages’ 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 bullish on the company. They believe it has a bright future and see a huge growth runway ahead as its ecosystem builds. Goldman has a buy rating and $3.40 price target on its shares.
PointsBet Holdings Ltd (ASX: PBH)
A final growth share to look at is PointsBet. It is a sports wagering operator and iGaming provider with operations in the ANZ and US markets. PointsBet offers innovative sports betting products and services via its scalable cloud-based platform. It has been growing at a rapid rate thanks to the increasing popularity of mobile sports betting and innovative new products.
Goldman Sachs is also a big fan of PointsBet. Due to its huge opportunity in the United States, the broker is tipping the company to grow very strongly during the 2020s. Goldman currently has a buy rating and $17.20 price target on its shares.
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
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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 Hipages Group Holdings Ltd. and Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.