If you’re a fan of ASX growth shares like I am, then you’re in luck.
Right now there are a large number of high quality options on the local share market.
Three top ASX growth shares I would buy in September are listed below. Here’s why I like them:
a2 Milk Company Ltd (ASX: A2M)
I think this infant formula and fresh milk company could be worth considering with a long term view. Especially after recent share price weakness means it is now trading almost 20% below its 52-week high. This pullback has been driven largely by concerns that its near term performance could be impacted by the pulling forward of sales into FY 2020 during the pandemic. However, it is worth noting that management recently reiterated that it still expects strong revenue growth in FY 2021. This could make the recent a2 Milk share price weakness a buying opportunity.
Nearmap Ltd (ASX: NEA)
I think this aerial imagery technology and location data company could be a growth share to buy. Especially given the quality of its offering, and particularly its new AI product, which I feel put Nearmap in a position to grow its market share materially in a highly fragmented market. The company also has the opportunity to increase its addressable market by expanding into other countries in the future. Though, for now, the enormous U.S. market gives it with a significant runway for growth over the 2020s.
Xero Limited (ASX: XRO)
A final ASX growth share to consider buying is Xero. It is one of the world’s leading business and accounting software providers. Due to the quality and stickiness of its software, its strong pricing power, and massive global market opportunity, I believe it is well-placed to deliver above-average growth over the long term. This could make the Xero share price a market beater over the 2020s.
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More reading
- 5 things to watch on the ASX 200 on Thursday
- ASX 200 drops over 2%, tech and oil fall
- Top ASX shares to buy this week
- Is the Xero (ASX:XRO) share price a cheap buy?
- A2 Milk (ASX:A2M) share price on watch after trading update
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 Nearmap Ltd. and Xero. The Motley Fool Australia owns shares of A2 Milk. The Motley Fool Australia has recommended Nearmap Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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