Itâs a good day for many ASX All Ordinaries Index (ASX: XAO) constituents, with the index gaining 0.37% at the time of writing. However, these ASX All Ords growth shares are plummeting lower.
But, with brokers bullish on their future, their Thursday falls may have brought about a buying opportunity.
Letâs take a look at whatâs going on with these ASX All Ords shares and why experts have tipped them to win out.
2 quality ASX All Ords shares trading in the red today
Jumbo Interactive Ltd (ASX: JIN)
ASX All Ords growth share Jumbo Interactive is tumbling 5.3% to trade at $15.44 on Thursday.
It comes after the stock shot 11.5% higher yesterday. That triggered a âplease explainâ from the ASX, to which the company responded today.
Perhaps more exciting, however, the internet lottery business has been tipped as a reporting season winner by broker Morgans.
Morgans senior analyst Alexander Mees is expecting the companyâs full-year results to depict âgood growthâ, my Fool colleague Tony Yoo reported this morning.
The broker estimates Jumbo Interactiveâs software-as-a-service division will drive its earnings before interest, tax, depreciation, and amortisation (EBITDA) to $55 million. That would mark a 13% year-on-year improvement.
Nitro Software Ltd (ASX: NTO)
Nitro Software is another ASX All Ords growth share with bright horizons trading in the red today. The companyâs share price is currently down 1.35% at $1.46.
The document productivity company has been tipped as a winner by Bell Potter, The Motley Fool Australiaâs James Mickleboro reported last week.
The broker likes the companyâs growing subscription revenue. It also expects Nitro Software to break into positive cash flow territory in the second half of financial year 2023.
Bell Potter has a $2.50 price target on the Nitro Software share price.
The post 2 appealing ASX All Ords growth shares getting discounted today appeared first on The Motley Fool Australia.
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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Jumbo Interactive Limited. The Motley Fool Australia has recommended Jumbo Interactive Limited and Nitro Software Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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