Insights

3 stellar ASX growth shares to buy

Kogan.com Ltd (ASX: KGN) and these ASX growth shares could be quality options right now. Here’s why growth investors might like them…
The post 3 stellar ASX growth shares to buy appeared first on The Motley Fool Australia. –

A happy businessman pointing up, inidicating a rise in share price

Looking for a growth share or two to buy this week? Then you might want to consider one of the ASX shares listed below.

Here’s why these might be among the best growth shares to buy right now:

Altium Limited (ASX: ALU)

The first ASX growth share to look at is Altium. It is an award-winning printed circuit board (PCB) design software provider. It appears well-positioned for growth over the long term due to its leading position in a market exposed to the Internet of Things and artificial intelligence booms. The proliferation of electronic devices is expected to lead to increasing demand for its software over the next decade.

One leading broker that is positive on the company is UBS. It currently has a buy rating and $34.00 price target on its shares.

IDP Education Ltd (ASX: IEL)

Another ASX growth share to buy is IDP Education. It is a provider of international student placement services and English language testing services. It was unsurprisingly hit hard by the pandemic but is recovery strongly. The company revealed that testing volumes reached pre-pandemic levels towards the end of the first half. Looking ahead, IDP Education has been tipped to win market share and resume its rapid growth once the crisis passes and trading conditions return to normal.

Morgan Stanley is positive on IDP Education’s long term outlook. As a result, the broker has an overweight rating and $30.00 price target on its shares.

Kogan.com Ltd (ASX: KGN)

A final ASX growth share to buy is Kogan. It is a rapidly growing ecommerce company which has been benefitting greatly from the shift to online shopping. Pleasingly, this trend is expected to continue over the long term, which should support its growth. In addition to this, Kogan has bolstered its growth potential through value accretive acquisitions. This includes the significant acquisition of online retailer Mighty Ape for $122 million.

Credit Suisse is a big fan of Kogan. Last month its analysts put an outperform rating and $21.08 price target on the company’s shares.

Where to 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 are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

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 recommends Altium. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Idp Education Pty Ltd and Kogan.com ltd. The Motley Fool Australia has recommended Kogan.com ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post 3 stellar ASX growth shares to buy appeared first on The Motley Fool Australia.

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!