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Analysts name 3 ASX growth shares to buy right now

These growth shares could be buys according to analysts…
The post Analysts name 3 ASX growth shares to buy right now appeared first on The Motley Fool Australia. –

Are you interested in adding some more ASX shares to your portfolio?

Three ASX growth shares that could be worth considering are listed below. Here’s what you need to know about them:

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 could be worth considering due to its leading position in a market exposed to the Internet of Things and artificial intelligence booms. The proliferation of electronic devices these markets are causing is expected to lead to increasing demand for its software over the next decade.

Jefferies is positive on Altium and currently has a buy rating and $48.83 price target on its shares.

Aristocrat Leisure Limited (ASX: ALL)

Another ASX growth share 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 and appears to be winning market share from its rivals. Another positive is that its digital business, now called Pixel United, continues to grow strongly and generate significant recurring revenues. In addition, the company is in the process of making a major acquisition that looks set to give its growth an extra boost in the coming years.

Morgans is a fan of the company. It has an add rating and $52.00 price target on its shares.

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

A final option to consider is actually an ETF that gives investors access to a group of highly promising growth shares. The BetaShares Asia Technology Tigers ETF gives investors exposure to ~50 outstanding tech companies that are leading Asia’s technological revolution. Among the companies included in the fund are the likes of Alibaba, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, and Tencent.

While regulatory concerns have been weighing on their shares this year, this could have created a buying opportunity for long term focused investors.

The post Analysts name 3 ASX growth shares to buy right now appeared first on The Motley Fool Australia.

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

More reading

2 exciting ASX tech shares to buy in 2022

2 top tech ETFs for 2022

Why is the Betashares Asia Technology Tigers ETF (ASX:ASIA) struggling in December?

What could the Playtech deal mean for Aristocrat (ASX:ALL) shares?

2 ASX growth shares analysts rate as buys

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 and has recommended Altium. The Motley Fool Australia has recommended BetaShares Asia Technology Tigers ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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