Experts name 3 ASX growth shares to buy in September

Are you interested in adding some more ASX shares to your portfolio next month?

Three ASX growth shares that could be worth considering in September are listed below. Here’s what you need to know about them:

Altium Limited (ASX: ALU)

The first ASX growth share to look at is printed circuit board (PCB) design software provider Altium. Thanks to its leadership position in an enormous and growing market, Altium has been growing its earnings at a solid rate for many years. This continued in FY 2022, with the company recently blowing the market away with one of the strongest results of the month. Pleasingly, management doesn’t expect this strong growth to end any time soon and is aiming to more than double its revenue to US$500 million by 2026.

Bell Potter is bullish on Altium. It currently has a buy rating and $37.50 price target on its shares.

Readytech Holdings Ltd (ASX: RDY)

Another ASX growth share that could be in the buy zone in September is enterprise software provider Readytech. Earlier this month, Readytech released its full year results and revealed a 16.8% year over year increase in revenue to $78.3 million and a 45.5% jump in underlying EBITDA to $27.5 million. Looking ahead, management advised that it expects organic revenue growth in the mid-teens in FY 2023. This will be boosted by $2 million of incremental revenue from FY 2022 acquisitions.

Goldman Sachs was pleased with this result and reiterated its buy rating with a trimmed price target of $4.30.

TechnologyOne Ltd (ASX: TNE)

A final ASX growth share to look at is fellow enterprise software provider TechnologyOne. It could be a growth share to buy thanks to its ongoing transition to become a software-as-a-service (SaaS) focused business. This transition has been going very well and management expects this to continue. So much so, it is aiming to almost double its annual recurring revenue (ARR) to $500 million by FY 2026.

The team at Bell Potter is very positive on Technology One. The broker currently has an add rating and $14.25 price target on its shares.

The post Experts name 3 ASX growth shares to buy in September appeared first on The Motley Fool Australia.

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More reading

• ASX 200 reporting season weekly wrap: Top risers and fallers
• Analysts name 2 growing ASX shares as buys
• Could ASX 200 tech share Altium be in for another takeover approach?
• Here’s what you need to know about the Altium Group FY22 dividend
• Why are ASX 200 tech shares having such a cracker of a day?

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 positions in and has recommended Altium and Readytech Holdings Ltd. The Motley Fool Australia has recommended Readytech Holdings Ltd and TechnologyOne 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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