These ASX growth shares could be in the buy zone today…
The post 3 strong ASX growth shares for investors to buy in December appeared first on The Motley Fool Australia. –
Are you on the lookout for growth shares to buy? Then you may want to look at the ones listed below.
Here’s why analysts rate these three ASX growth shares highly:
Breville Group Ltd (ASX: BRG)
The first ASX growth share to look at is this appliance manufacturer. Over the past 80 years, Breville has become an iconic Australian brand, developing high quality and innovative products for kitchens around the world. It has been growing at a strong rate in recent years and, pleasingly, this trend is not expected to end any time soon. This is thanks to strong demand, favourable industry tailwinds, international expansion, and its ongoing R&D investment.
UBS is confident that Breville’s strong growth can continue for some time to come. In light of this, the broker rates its shares as a buy and has put a $35.70 price target on them.
Domino’s Pizza Enterprises Ltd (ASX: DMP)
Another ASX growth share to consider in December is Domino’s. This pizza chain operator has been growing at a solid rate for a long time. This has been driven by its expansion at home and overseas, acquisitions, and its focus on technology. Pleasingly, although the company has a significant store network across several regions, it still sees scope to double its footprint over the next decade. And if the company can also continue delivering same store sales growth, then the future will be very positive. Management is also on the lookout for acquisitions, which could expand its addressable market even further.
Goldman Sachs remains positive on Domino’s. It currently has a buy rating and $147.00 price target on the pizza chain operator’s shares.
IDP Education Ltd (ASX: IEL)
A final ASX growth that could be worth considering is IDP Education. It is a provider of international student placement services and English language testing services. While demand for its services unsurprisingly softened during the worst of the pandemic, it has been bouncing strongly now trading conditions are normalising. For example, during the first quarter of FY 2022, IELTS volumes were up 84% over the same period last year.
Morgan Stanley is very positive on IDP Education’s long term prospects. It currently has an overweight rating and $40.20 price target on its shares.
The post 3 strong ASX growth shares for investors to buy in December 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 Idp Education Pty Ltd. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.