If you’re looking for growth shares, then look no further. Listed below are four ASX growth shares which have been tipped for strong growth in the future.

Here’s why analysts have rated them as buys:

Breville Group Ltd (ASX: BRG)

The first growth share to buy is Breville. It is a leading appliance manufacturer responsible for a number of popular brands. These include Kambrook, Sage and the eponymous Breville brand. The team at Morgans is positive on the company. This is thanks partly to its global expansion, burgeoning product pipeline, and favourable consumer trends. The broker recently put an add rating and $34.00 price target on its shares.

Hipages Group Holdings Ltd (ASX: HPG)

Hipages could be a growth share to buy. It is a leading Australian-based online platform and software as a service (SaaS) provider connecting consumers with trusted tradies. Goldman Sachs expects its strong growth to continue as it grows its ecosystem into a huge addressable market. The broker currently has a buy rating and $5.15 price target on its shares.

NEXTDC Ltd (ASX: NXT)

Another growth share that could be a buy is NEXTDC. If is a leading data centre operator which appears well-placed to benefit from the structural shift to the cloud. Particularly given its world class network of centres and its expansion into edge centres. The company also has its eyes on the Asia market and has opened up offices in a couple of key markets. Citi is a fan and currently has a buy rating and $15.40 price target on NEXTDC’s shares.

Temple & Webster Group Ltd (ASX: TPW)

A final ASX share to look at is this online furniture and homewares retailer. It appears well-placed for growth over the long term thanks to the ongoing structural shift online, which is only really getting start. For example, management estimates that just 7% to 9% of category sales were made online in 2020. This is significantly lower than the US, which has ~25% of category sales online. This bodes well for Temple & Webster given its leadership position online. The team at UBS recently initiated coverage on the company with a buy rating and $12.20 price target on its shares.

The post 4 fantastic ASX growth shares to buy appeared first on The Motley Fool Australia.

More reading

• Brokers say these 2 top ASX shares are buys in 2022
• Why analysts are bullish on these ASX growth shares
• Why AMP, Hipages, Pilbara Minerals, and Webjet shares are storming higher
• 5 investment themes to watch on the ASX share market in 2022
• These 5 ASX shares grew revenue by more than 70% in the last year

Motley Fool contributor James Mickleboro owns NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Hipages Group Holdings Ltd. and Temple & Webster Group Ltd. The Motley Fool Australia has recommended Hipages Group Holdings Ltd. and 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.

from The Motley Fool Australia https://ift.tt/3FBfOBR

ASX travel shares are going to be in focus when the ASX share market reopens with global travel being affected by COVID-19 once again.

According to reporting by the BBC, over 8,000 flights in total have been grounded according to FlightAware data tracking.

Different countries are seeing varying levels of impact, but countries like China and Hong Kong are experiencing the worst of the cancellations.

What’s causing the flight cancellations?

COVID-19 is the key culprit, however, more specifically it appears to be the rapidly spreading Omicron variant.

A major difficulty is that large numbers of flight crews and people who run the operations are required to self-isolate after coming in contact with people who have been infected. This is crippling the ability of airlines to fulfil all flights.

Other delays relate to severe weather in the northern hemisphere.

Not only are flights being delayed but individuals are also being impacted. In many parts of the world, a negative COVID-19 test is required before allowed to travel.

ASX travel shares that could be impacted

With how rapidly the Omicron variant is spreading around the world – both in Australia and other countries – the ASX travel share sector might be at least somewhat impacted in almost every market.

Some of the ASX travel shares that may be in focus includes Corporate Travel Management Ltd (ASX: CTD), Webjet Limited (ASX: WEB), Flight Centre Travel Group Ltd (ASX: FLT), Qantas Airways Limited (ASX: QAN) and Helloworld Travel Ltd (ASX: HLO).

However, whilst COVID-19 continues to impact the businesses, there is a longer-term recovery.

Both Webjet and Corporate Travel said that they were starting to see profit from some operating divisions in the second half of the 2021 calendar year as more volume returned and vaccinations were opening up travel corridors.

Do analysts still like ASX travel shares?

Every business is in a different situation, but there are plenty of buy ratings on some businesses.

For example, UBS and Citi both rate Corporate Travel as a buy with price targets that are more than 20% higher than where the Corporate Travel share price is now.

Morgans and UBS both rate the Webjet share price as a buy with price targets that are at least 25% higher than where the Webjet share price is now.

UBS and Morgan Stanley both rate Qantas shares as a buy. The UBS has a price target of $6.20 on the airline. Morgan Stanley’s price target is a huge 40% higher than today’s Qantas share price level.

The post ASX travel shares in focus on global flight cancellations appeared first on The Motley Fool Australia.

More reading

• These are the 10 most shorted ASX shares
• 3 excellent ASX 200 blue chip shares to buy in 2022
• Why AMP, Hipages, Pilbara Minerals, and Webjet shares are storming higher
• ASX 200 (ASX:XJO) midday update: AMP shoots higher, travel shares rise
• Christmas is a bumper time for travel, so why is the Webjet (ASX:WEB) share price still struggling in December?

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. owns and has recommended Helloworld Limited. The Motley Fool Australia owns and has recommended Helloworld Limited. The Motley Fool Australia has recommended Corporate Travel Management Limited, Flight Centre Travel Group Limited, and Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/3ess7Ey

With the majority of brokers across Australia taking a well-earned break, broker notes are few and far between at present.

In light of this, listed below are a few recent broker recommendations that remain very relevant today. Here’s are three ASX shares rated as buys:

Appen Ltd (ASX: APX)

According to a note out of Citi, its analysts have retained their buy rating and $17.10 price target on this artificial intelligence data services company’s shares. Citi is sticking with Appen despite news that Amazon has launched a new SageMaker Ground Truth Plus service that uses an expert workforce to deliver high-quality training datasets faster. The broker believes that while competition in the Enterprise space may increase, competition with Appen’s major technology customers shouldn’t be impacted. The Appen share price is trading at $10.75 before the break.

Australia and New Zealand Banking GrpLtd (ASX: ANZ)

A note out of Morgans reveals that its analysts have retained their add rating and $31.00 price target on this banking giant’s shares. Morgans remains positive on the banking sector as a whole and believes there is potential for further capital management and generous dividends in the near term. Its analysts also expect rising interest rates to be supportive of earnings growth in the coming years. The ANZ share price last traded at $27.46.

Treasury Wine Estates Ltd (ASX: TWE)

Another note out of Citi reveals that its analysts have retained their buy rating and $13.80 price target on this wine company’s shares. Citi came away from a key industry event in the United States feeling very positive. It notes that the update pointed to a recovery in high-margin on-premise and cellar-door wine sales in the United States. This is consistent with recent feedback from rival Duckhorn. In light of this, the broker is forecasting Treasury Americas’ first half EBITS to increase by 19% despite the divestment of commercial wine brands in March 2021. The Treasury Wine share price was trading at $12.20 at the end of last week.

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

More reading

• These are the 10 most shorted ASX shares
• Is the ANZ (ASX:ANZ) share price a buy with its 8% dividend yield?
• 3 ASX 200 dividend shares to buy for 2022 and beyond
• Broker tips ANZ (ASX:ANZ) share price to keep rising
• Should Appen (ASX:APX) shareholders worry about Amazon in 2022?

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 Appen Ltd. The Motley Fool Australia owns and has recommended Appen Ltd. The Motley Fool Australia has recommended Treasury Wine Estates Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/3ErHlo0

With many analysts taking a well-earned break over the holiday period, broker notes are few and far between currently.

In light of this, listed below are a few recent broker recommendations that are still very relevant today. Here’s are three ASX shares rated as sells:

AMP Ltd (ASX: AMP)

According to a note out of UBS, its analysts have retained their sell rating and trimmed their price target on this financial services company’s shares to 90 cents. UBS made the move to reflect AMP’s demerger plans. The broker isn’t positive on PrivateMarketsCo’s outlook, nor that of the core AMP business, and doesn’t believe the demerger will unlock near-term value for shareholders. The AMP share price ended the week at $1.00.

Commonwealth Bank of Australia (ASX: CBA)

A note out of Morgans reveals that its analysts have retained their reduce rating and $73.00 price target on this banking giant’s shares following a review of the banking sector. While Morgans is positive on the sector, it continues to believe the CBA share price is overvalued at the current level and sees better value on offer with other banks. Morgans has previously stated its belief that the premium CBA’s shares trade at to the other big banks is unjustifiably large. The CBA share price ended the week at $100.63

Magellan Financial Group Ltd (ASX: MFG)

Another note out of UBS reveals that its analysts have retained their sell rating and slashed their price target on this fund manager’s shares to $17.00. This follows news that Magellan has lost its biggest client, St James Place. UBS suspects there could be more mandate terminations in the future, as well as further net fund outflows. The broker feels this will put pressure on fund fees. The Magellan share price was fetching $21.21 at Friday’s close.

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

More reading

• The stories that rocked the ASX 200 in 2021 revisited
• Top brokers name 3 ASX shares to sell next week
• These were the worst performing ASX 200 shares last week
• These were the best performing ASX 200 shares last week
• Here are the top 10 ASX shares 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 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.

from The Motley Fool Australia https://ift.tt/3sAlqZp