Are you wanting to add some ASX growth shares to your portfolio in February? If you are, you may want to look at the ones listed below.
Here’s what you need to know about these growth shares:
Aristocrat Leisure Limited (ASX: ALL)
The first ASX growth share to look at is Aristocrat Leisure. It is one of the world’s leading gaming technology companies. It has been growing at a rapid rate over the last decade thanks to strong demand for its best in class pokie machines and its lucrative digital business. The latter is generating significant recurring revenues from highly popular games such as RAID. And while it has just missed out on the major acquisition of real money gaming company Playtech, that is unlikely to be the end of its real money gaming aspirations. Particularly given its balance sheet strength following its capital raising. Morgans is bullish on Aristocrat and has an add rating and $48.00 price target on its shares.
BetaShares Asia Technology Tigers ETF (ASX: ASIA)
Another option for investors to consider is an ETF that provides easy access to a group of quality growth shares. By buying the BetaShares Asia Technology Tigers ETF, investors will be owning a slice of around 50 outstanding 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.
Breville Group Ltd (ASX: BRG)
A final ASX growth share to look at is Breville. It is the leading appliance manufacturer behind the Baratza, Kambrook, Sage, and Breville brands. Thanks to its investment in research and development, these brands have been popular with consumers for many years, which has underpinned solid sales and earnings growth. And thanks to favourable consumer trends and its international expansion, brokers are expecting this growth to continue. One of those brokers is Morgan Stanley, which has an overweight rating and $36.00 price target on its shares.
The post Here are 3 excellent ASX growth shares for investors in February 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. has no position in any of the stocks mentioned. 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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