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 with a growing portfolio of brands which have been resonating well with consumers for many years. Together with its global expansion, this has underpinned consistently solid sales and earnings growth. The good news is that this strong form is expected to continue in the future thanks to favourable industry tailwinds, its continued investment in research and development, and its ongoing global expansion. Macquarie is a very positive on Breville. The broker currently has an outperform rating and $34.80 price target on its shares.
Domino’s Pizza Enterprises Ltd (ASX: DMP)
Another growth share to look at is this pizza chain operator. It could be a top option due to its strong brand, investment in technology, and bold expansion plans. The latter sees the company aiming to more than double its network by FY 2033. It also has the balance sheet strength to add to its network, extending its market opportunity further. And while a poor performance in Asia has been weighing on its shares this year, Morgans remains positive on the future and sees this as a buying opportunity. The broker has an add rating and $115.00 price target on its shares.
Infomedia Limited (ASX: IFM)
A final growth share to look at is Infomedia. It is software as a service (SaaS) platform provider in parts, service, e-commerce, and data analytics solutions to the global automotive industry. It has been supporting global automotive distribution networks for more than 25 years and continues to expand its reach within the three regions in which it currently operates. Bell Potter is very positive on the company, naming its top pick in the tech sector right now. It currently has a buy rating and $1.85 price target on its shares.
The post 3 ASX growth shares brokers rate as buys for April 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 Infomedia. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited and Infomedia. 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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