Are you interested in adding some ASX growth shares to your portfolio? If you are, you may want to look at the ones listed below.
Here’s what you need to know about these growth shares:
Breville Group Ltd (ASX: BRG)
The first ASX growth share to look at is Breville. It is a leading appliance manufacturer behind a range of brands that have been resonating extremely well with consumers for many years. Together with its ongoing investment in research and development and its global expansion, this has helped drive solid sales and earnings growth over the last decade. The good news is that this is that Morgans expects this to continue in the future. The broker currently has an add rating and $32.00 price target on its shares.
Hipages Group Holdings Ltd (ASX: HPG)
Another ASX growth share to look at is Hipages. It is a leading Australian-based online platform and software as a service provider connecting consumers with trusted tradies. At the last count, there were over 30,000 tradies using Hipages’ platform. This has been bolstered further with the recent acquisition of New Zealand rival Builderscrack. This gives Hipages access to a NZ$26 billion total addressable market and 4,000 active tradies. Goldman Sachs is a big fan of Hipages. It currently has a buy rating and $3.60 price target on its shares.
ResMed Inc. (ASX: RMD)
A final growth share to look at is ResMed. It is a sleep treatment focused medical device company which has been tipped to continue its growth long into the future. This is thanks to its world class products, significant and growing market opportunity, and its increasingly important digital platform. The latter has seen ResMed develop a patient-centric, connected-care digital platform which is addressing the main pinch points across the healthcare value chain. Morgans is very positive on the company’s future. It has an add rating and $40.46 price target on its shares.
The post Experts name 3 excellent ASX shares for growth investors to buy appeared first on The Motley Fool Australia.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.
*Returns as of January 12th 2022
More reading
- 3 ASX healthcare shares rated as buys by a leading broker
- Why Aurelia Metals, Janus Henderson, ResMed, and Zip shares are dropping
- Cheap ASX share better than Woolworths (ASX:WOW)– and it pays dividends
- The next ASX share ready to join the 20-bagger club: expert
- 2 fantastic ASX tech shares analysts rate as buys
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 Hipages Group Holdings Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia owns and has recommended Hipages Group Holdings Ltd. The Motley Fool Australia has recommended ResMed Inc. 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/XoQdmvq