If you’re a growth investor looking for some investment ideas for November, then the shares listed below could be worth considering.

Here’s what you need to know about these growth shares:

Appen Ltd (ASX: APX)

The first ASX growth share to look at is Appen. It is a leading developer of high-quality, human annotated datasets for machine learning and artificial intelligence (AI).

Through its team of over a million skilled contractors, Appen prepares or creates the data for the machine learning models of some of the largest tech companies. These include Amazon, Facebook, and Microsoft.

While COVID-19 has put a dampener on demand, a rebound is expected post-pandemic. So with the Appen share price down significantly from its highs, now could be an opportune time to consider an investment.

The team at Citi appear to believe this is the case. The broker currently has a buy rating and $17.10 price target on its shares. This is notably higher than where the Appen share price currently trades today.

Temple & Webster Group Ltd (ASX: TPW)

Another quality growth share to consider is Temple & Webster. Australia’s leading online furniture and homewares retailer could be a growth share to buy due to its strong long term potential.

In FY 2021, the company reported an 85% increase in revenue to $326.3 million and a 62% year on year increase in customer numbers to 778,000. It then followed this up with a 56% increase in revenue during July 1 to 15 October.

Pleasingly, with online furniture shopping still in its infancy in comparison to other categories and Western markets, Temple & Webster looks well-positioned to grow its revenue materially over the 2020s. Particularly given management’s investment in sales and marketing to cement its leadership position.

The team at Morgan Stanley is very positive on the company’s outlook. The broker currently has an overweight rating and $16.00 price target on its shares.

The post These ASX shares could be quality options for growth investors appeared first on The Motley Fool Australia.

More reading

• 10 top ASX shares to buy in November
• 3 outstanding ASX growth shares to buy now
• Is the Appen (ASX:APX) share price a serious bargain?
• Move over Appen: A new artificial intelligence stock to list on the ASX
• Analysts name 2 excellent ASX growth shares to buy

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 Appen Ltd and Temple & Webster Group Ltd. The Motley Fool Australia owns shares of and has recommended Appen Ltd. The Motley Fool Australia has recommended Temple & Webster Group Ltd. 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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There are a number of ASX growth shares that may be able to achieve long-term growth.

Businesses that are growing profit might be able to achieve returns for shareholders as well as potentially paying a dividend.

These are two businesses that might be worth watching:

Corporate Travel Management Ltd (ASX: CTD)

Corporate Travel Management is one of the largest corporate travel businesses in the world, particularly after its acquisition of Travel & Transport in the US.

It’s currently rated as a buy by the broker Morgans, with a price target of $27.36, which suggests the Corporate Travel Management share price could increase by around 10% over the next 12 months. It was noted that the ASX travel share has already returned to profitability, with more borders opening all the time.

The broker has estimated that Corporate Travel shares are valued at 26x FY23’s estimated earnings.

In the fourth quarter of FY21, the business said that it saw a rapid recovery, led by North American and the EU. In the first half of FY21, it saw total transaction value (TTV) of $403.8 million and an underlying earnings before interest, tax, depreciation and amortisation (EBITDA) loss $15.3 million. The fourth quarter of FY21 saw $821.5 million of TTV and positive underlying EBITDA of $13.6 million.

The ASX growth share recently held its annual general meeting (AGM) and said that its FY22 first half continues to be profitable, with profit across North America, Europe and ANZ. The FY22 first quarter saw underlying EBITDA of $11 million, up from a loss of $7 million a year ago.

Corporate Travel says that its proposition of expert service is more relevant in this COVID recovery environment. It’s continuing to achieve market share gains through “enhanced global reputation in this environment”.

Its largest regions – North America and Europe – continue to recover the fastest and it’s assessing more acquisition opportunities.

Adore Beauty Group Ltd (ASX: ABY)

Adore Beauty is a leading e-commerce business in the beauty and wellness space online, selling many thousands of products.

Whilst the broker Morgan Stanley is expecting growth to slow due to the end of lockdowns, it still rates it as a buy with a price target of $6. It’s expecting good double digit growth of revenue over FY22.

The broker referred to Adore Beauty’s recent FY22 first quarter update.

In the first quarter, Adore Beauty achieved revenue growth of 25% to $63.8 million. Active customers increased to 874,000 – up 24%. The ASX growth share boasted of strong customer retention, with returning customer growth of 63% year on year.

Adore Beauty says that it’s well funded with no debt, providing flexibility to continue growing the business.

Management believe the company is executing strongly on strategic initiatives, by scaling its mobile app, building owned marketing channels and community and expanding its loyalty program.

Adore Beauty CEO Tennealle O’Shannessy said:

We continue to leverage our content strategy to drive brand awareness and discovery, and we are re-investing in the business to accelerate our growth trajectory within a large and growing $11 billion market.

The post 2 top ASX growth shares that might be worth buying appeared first on The Motley Fool Australia.

More reading

• 10 top ASX shares to buy in November
• Why is the Webjet (ASX:WEB) share price underperforming Corporate Travel lately?
• Top ASX shares to buy in November 2021
• 2 leading ASX e-commerce shares that could be buys in November 2021
• 3 explosive ASX tech shares to buy in November

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Adore Beauty Group Limited. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited. The Motley Fool Australia has recommended Adore Beauty Group Limited. 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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Last week saw a number of broker notes hitting the wires once again. Three buy ratings that investors might want to be aware of are summarised below.

Here’s why brokers think investors ought to buy them next week:

Australia and New Zealand Banking GrpLtd (ASX: ANZ)

According to a note out of Morgans, its analysts have retained their add rating but trimmed their price target on this banking giant’s shares to $31.00.  This follows the release of full year result that revealed a better than expected cash profit and dividend in FY 2021. One slight disappointment was a contraction in home loan lending. And while the broker suspects that the market may have doubts regarding ANZ’s cost reduction plans, its analysts believe the bank can sustainably meet its target. The ANZ share price ended the week at $28.80.

Macquarie Group Ltd (ASX: MQG)

A note out of Citi reveals that its analysts have upgraded this investment bank’s shares to a buy rating with an improved price target of $226.00. The broker was pleased with Macquarie’s performance during the first half and is expecting more of the same in the second half. This is due partly to Citi’s belief that Macquarie is well-placed to benefit from the current energy crisis. The Macquarie share price was fetching $202.42 at Friday’s close.

Rio Tinto Limited (ASX: RIO)

Analysts at Credit Suisse have retained their outperform rating but trimmed their price target on this mining giant’s shares to $106.00. According to the note, the broker believes the recent weakness in the Rio Tinto share price is a buying opportunity. Credit Suisse feels its current share price implies a much weaker than likely iron ore price. In addition, its analysts believe the outlook for iron ore is more positive beyond 2022. The Rio Tinto share price ended the week at $88.81.

The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

More reading

• Could ANZ be the next ASX bank to jump on the crypto bandwagon?
• Evergrande latest, plus another Chinese developer just missed a payment
• Why did the Rio Tinto (ASX:RIO) share price go backwards in October?
• Why did the Macquarie (ASX:MQG) share price have such a great month in October?
• Macquarie tips ANZ (ASX:ANZ) share price to hit $29.50. Here’s why

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. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. 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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Once again, a large number of broker notes hit the wires last week. Some of these notes were positive and some were bearish.

Three sell ratings that investors might want to hear about are summarised below. Here’s why top brokers think investors ought to sell these shares next week:

Boral Limited (ASX: BLD)

According to a note out of Morgan Stanley, its analysts have retained their underweight rating and cut the price target on this building materials company’s shares to $6.10. This follows the release of a trading update. While the broker notes that Boral isn’t expecting as negative an impact from lockdowns as previously forecast, it still expects the company to report a significant earnings decline during the first half. In light of this, Morgan Stanley isn’t in a rush to change its rating. The Boral share price ended the week at $6.63.

Coles Group Ltd (ASX: COL)

A note out of UBS reveals that its analysts have retained their sell rating and $16.50 price target on this supermarket giant’s shares. While UBS acknowledges that Coles delivered a better than expected first quarter sales update, it isn’t enough for a change of rating. UBS is bearish on Coles due to its belief that the sales outlook in the sector is deteriorating. The Coles share price was fetching $17.80 on Tuesday.

Fortescue Metals Group Limited (ASX: FMG)

Another note out of Morgan Stanley reveals that its analysts have retained their underweight rating and $12.50 price target on this mining giant’s shares. This follows the release of Fortescue’s first quarter update. Morgan Stanley notes that the company’s revenue realisation of 73% was short of its expectations. Looking ahead, the broker doesn’t appear to believe that things will get any better and continues to have concerns over the outlook for low grade iron ore prices. The Fortescue share price ended the week at $14.27.

The post Top brokers name 3 ASX shares to sell next week appeared first on The Motley Fool Australia.

More reading

• Evergrande latest, plus another Chinese developer just missed a payment
• Christmas is coming, but is the Coles (ASX:COL) share price already overstuffed?
• 2 top ASX 200 shares that might be buys today
• Why did the Fortescue (ASX:FMG) share price have such a lousy month in October?
• Why is the Fortescue (ASX:FMG) share price charging higher today?

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. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended COLESGROUP DEF SET. 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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