Here are three growth shares that could be buys…
The post 3 top ASX growth shares to get bullish on appeared first on The Motley Fool Australia. –
If you’re a fan of growth shares, then you may want to look closely at the three shares listed below.
Here’s why these could be growth shares to buy:
Breville Group Ltd (ASX: BRG)
The first ASX growth share to look at is Breville. It is one of the world’s leading appliance manufacturers and has been growing at a consistently solid rate for the last decade. The good news is that Breville has been tipped to continue this positive form in the future. This is thanks to the popularity of its brands, its international expansion, acquisitions, favourable consumer trends, and its continued investment in R&D.
Macquarie is very positive on the company. Last week the broker retained its outperform rating and $34.37 price target.
Domino’s Pizza Enterprises Ltd (ASX: DMP)
Another ASX growth share to look at is this pizza chain operator. As with Breville, Domino’s has been growing at a consistently solid rate for over a decade. This has been underpinned by the popularity of its offering and the expansion of its footprint. Pleasingly, these trends aren’t changing any time soon. Domino’s pizzas remain as popular as ever and management sees significant room to grow its store network. In fact, it is aiming to more than double its footprint to 6,650 stores in existing markets by 2033.
Goldman Sachs is a fan of the company. It currently has a buy rating and $147.00 price target on Domino’s shares.
Hipages Group Holdings Ltd (ASX: HPG)
A final ASX growth share to look at is Hipages. It is a leading Australian-based online platform and software as a service (SaaS) provider connecting consumers with trusted tradies. At the last count, there were over 31,000 tradies using the platform. This is underpinning strong growth across all its key metrics. And while it is generating meaningful revenue at present, it is still only scratching at the surface of its huge market opportunity. This provides Hipages with a very long runway for growth.
Goldman Sachs is also very bullish on Hipages. It currently has a buy rating and $4.95 price target on its shares.
Wondering where you should 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 could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.
*Returns as of August 16th 2021
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. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited and Hipages Group Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.