These growth shares could be in the buy zone…
The post 3 top ASX growth shares that could be buys appeared first on The Motley Fool Australia. –
If you’re interested in adding some growth shares to your portfolio, now could be a good time to look at the shares below.
Here’s why they are rated highly by analysts:
Altium Limited (ASX: ALU)
The first growth share to consider is Altium. It is an award-winning printed circuit board (PCB) design software provider. Over the last few years, it has carved out a leading position in this growing market. Altium is now aiming to take things to the next level and dominate the market with its cloud-based Altium 365 product.
Credit Suisse is positive on the company. It currently has an outperform rating and $42.00 price target. This compares to the latest Altium share price of $35.39.
Aristocrat Leisure Limited (ASX: ALL)
Another ASX growth shares to look at is Aristocrat Leisure. It is one of the world’s leading gaming technology companies. While the pandemic hit Aristocrat hard, it has bounced back strongly in recent quarters and appears to be winning market share. Pleasingly, despite casinos reopening, its digital business continues to grow strongly and generate significant recurring revenues.
Citi is a fan of the company. It has a buy rating and $46.60 price target on its shares. This compares to the latest Aristocrat Leisure share price of $43.37.
REA Group Limited (ASX: REA)
Finally, REA Group could be an ASX growth share to consider buying. It is the dominant player in real estate listings in the Australian market. This puts it in a fantastic position to benefit from the housing market boom. In addition to this, cost cutting, new revenue streams, price increases, and acquisitions look set to give its sales and earnings a boost.
Macquarie is feeling very bullish on REA Group. Its analysts currently have an outperform rating and $185.00 price target on its shares. This compares to the current REA Group share price of $154.05.
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*Returns as of August 16th 2021
The Altium (ASX:ALU) share price is up 20% over the past 6 months
Forget buying an investment property, grab this ASX share instead
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. The Motley Fool Australia owns shares of and has recommended Altium. The Motley Fool Australia has recommended REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.