Analysts name 3 ASX growth shares to buy right now

Confident male Macquarie Group executive dressed in a dark blue suit leans against a doorway with his arms crossed in the corporate office

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.

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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 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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