Check out these growth shares that analysts rate highly…
The post Here are 2 strong ASX growth shares analysts rate as buys appeared first on The Motley Fool Australia. –
Are you on the lookout for growth shares to buy in October? Then you may want to look at the ones listed below.
Here’s why analysts rate these two ASX growth shares highly:
Breville Group Ltd (ASX: BRG)
Breville could be a good growth share for investors to consider buying. It is a leading appliance manufacturer with a collection of popular brands including Kambrook, Sage, and Breville.
It has been tipped to continue its solid growth over the coming years thanks to its international expansion and strong demand from consumers. The latter is being driven partly by favourable trends such as working from home, which has led to a surge in coffee machine sales.
The team at Morgans are positive on the company’s outlook. The broker currently has an add rating and $34.00 price target on its shares. This compares to the current Breville share price of $28.74.
Life360 Inc (ASX: 360)
Life360 could be another top growth share to look at. It operates in the digital consumer subscription services market, with a focus on products and services for digitally native families. Its hugely popular Life360 app now has 32 million users globally and offers features that range from communications to driving safety and location sharing.
The company has been growing its recurring revenues at a rapid rate in recent years and is now looking to accelerate this growth through cross-selling opportunities. This includes expanding into the wearables market via the acquisition of Jiobit.
Bell Potter is very positive on the company’s future and sees plenty of opportunities to monetise its massive user base. As a result, the broker recently retained its buy rating and lifted its price target to $10.75. This compares to the latest Life360 share price of $9.03.
The post Here are 2 strong ASX growth shares analysts rate as buys appeared first on The Motley Fool Australia.
Should you invest $1,000 in Life360 right now?
Before you consider Life360, you’ll want to hear this.
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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 Life360, Inc. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.