Are you interested in adding some ASX growth shares to your portfolio today? If you are, you may want to look at the ones listed below.
Here’s what you need to know about these growth shares:
BetaShares Asia Technology Tigers ETF (ASX: ASIA)
The first growth share to consider is an ETF that allows investors to buy many of the Asian region’s best growth shares. The BetaShares Asia Technology Tigers ETF is home to ~50 companies such as Alibaba, JD.com, Netease, Pinduoduo, Samsung, Taiwan Semiconductor, and Tencent. BetaShares notes that due to the region’s younger, tech-savvy population, Asia is surpassing the West in terms of technological adoption and the sector is anticipated to remain a growth sector for some time.
IDP Education Ltd (ASX: IEL)
Another ASX growth share to look at is IDP Education. It is a provider of international student placement services and English language testing services. It was hit hard during the pandemic but has bounced back strongly in FY 2022. For example, earlier this week, IDP delivered a 47% increase in first half revenue to a record of $397 million and a 70% lift in net profit after tax to $52.9 million. This was despite parts of the company still suffering from COVID restrictions. Macquarie was pleased with its performance. In response, it put an outperform rating and $35.00 price target on its shares.
Symbio Holdings Limited (ASX: SYM)
A final ASX growth share to look at is Symbio. Formerly known as MNF Group, Symbio develops and operates a global communications network and software suite. This suite allows many of the world’s leading tech innovators to deliver new-generation communications solutions to their customers. This includes giants such as Google, Twilio, and Zoom. Overall, Symbio appears well-placed for growth over the long term thanks to favourable industry tailwinds and trends, its expansion across Asia, and M&A opportunities. Ord Minnett currently has a buy rating and $7.90 price target on its shares.
The post Here are 3 highly rated ASX growth shares appeared first on The Motley Fool Australia.
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More reading
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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 Idp Education Pty Ltd and Symbio Holdings Limited. The Motley Fool Australia owns and has recommended Symbio Holdings Limited. 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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