Are you looking to add some growth shares to your portfolio when the market reopens?

If you are, three ASX growth shares that could be worth considering 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 Altium. It is an an industry-leading printed circuit board (PCB) design software provider. Thanks to its dominant position in the market, management is very confident in its outlook. So much so, it is aiming to more than double its revenue to US$500 million by 2026.

Jefferies is positive on the company. It currently has a buy rating and $38.13 price target on its shares. However, with Altium’s shares trading within sight of this target, investors may want to wait for a pullback before considering an investment.

Aristocrat Leisure Limited (ASX: ALL)

Another ASX growth share to consider is Aristocrat Leisure. It is one of the world’s leading gaming technology companies with a portfolio filled to the brim with popular pokie machine and digital games. The latter, which includes games such as Cashman Casino, Gummy Drop, and RAID, have ~20 million monthly active users. This is underpinning significant recurring revenues. The company is also undertaking a major share buyback and looking to expand into the real money gaming market.

Citi is a fan of the company. It has a buy rating and $41.00 price target on its shares.

NextDC Ltd (ASX: NXT)

A final growth share to look at is NextDC. It is a leading data centre operator with a collection of world class centres across key locations throughout Australia. But NextDc isn’t settling for that. It is also building more centres in key locations, growing its network with edge centres in regional areas, and looking to expand overseas. Overall, this appears to have positioned NextDC perfectly in a market benefiting from the structural shift to the cloud.

Goldman Sachs is bullish on the company’s outlook. The broker has a buy rating and $14.20 price target on its shares.

The post Analysts name 3 ASX growth shares to buy next week appeared first on The Motley Fool Australia.

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More reading

• 2 ASX growth shares that analysts say have 40%+ upside
• Top brokers name 3 ASX shares to buy today
• Fundie reveals the 2 ASX shares he’d buy and hold for 4 years
• Morgans names 3 more of the best ASX shares to buy in September
• 2 discounted ASX shares I’d buy now and one I wouldn’t touch: expert

Motley Fool contributor James Mickleboro has positions in NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Altium. The Motley Fool Australia has no position in any of the stocks mentioned. 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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Wanting to make some new additions to your portfolio? Then you may want to check out the two shares listed below that analysts at Morgans have on their best ideas list.

Here’s why its analysts are bullish on these ASX shares:

Corporate Travel Management Ltd (ASX: CTD)

If you’re wanting exposure to the travel sector, then Morgans thinks that this corporate travel specialist is the way to do it. The broker believes it is well-placed for growth over the medium term thanks to acquisitions, its lower cost base, and technology development.

Its analysts currently have an add rating and $25.65 price target on Corporate Travel Management’s shares. Morgans commented:

CTD is our key pick of the travel sector. For investors that can take a medium-term view, we see substantial upside in its share price as the company recovers from the COVID-affected travel downturn. In fact, CTD should be a materially larger business post COVID given it has made two highly accretive acquisitions during the downturn. The company has also won a lot of new business, implemented structural cost-out opportunities and continued to develop its market-leading technology offering which means it will require less staff in the future. CTD is well managed and has a strong balance sheet (no debt).

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another ASX share that the broker is bullish on is pizza chain operator Domino’s. Morgans is positive on the company due largely to its store rollout plans. It notes that these plans will see the company double its network in existing markets over the next decade. It is worth highlighting also that the company has recently acquired its way into new markets that are not reflected in this forecast.

Morgans has an add rating and $90.00 price target on Domino’s shares. It said:

DMP is the largest Domino’s franchisee outside the US and one of the largest quick-service restaurant companies in the world. It is an affordable option that has performed well historically even in times of inflation or slower economic growth. The engine of DMP’s growth is its ability to roll out new stores all over the world. It added 438 stores to its global network in the year to June 2022, a pace of expansion that we forecast to accelerate to nearly 600 in FY23. This will take the total to almost 4,000 stores, up fourfold over a ten-year period. Over the next ten years, DMP expects to grow organically to 7,250 stores in the 13 countries in which it currently operates. This means DMP expects to more than double in size again by 2033, not including any future acquisitions.

The post 2 of the best ASX shares to buy now according to Morgans appeared first on The Motley Fool Australia.

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More reading

• Morgans tips Domino’s shares to deliver 50% return
• $20,000 invested in these ASX shares 10 years ago is worth how much now?
• These ASX 200 shares are going ex-dividend on Monday
• Reason for hope as ‘worst month of the year’ starts off badly
• Here are 3 ASX 200 shares trading ex-dividend today

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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Corporate Travel Management Limited and Dominos Pizza Enterprises 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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If you’re just starting out with investing and aren’t sure which shares to buy, then you could consider exchange traded funds (ETFs).

ETFs are an easy way to invest because they allow you to buy large groups of shares through a single investment. This means that you’re not putting all your eggs in one basket, so to speak.

But which ETFs would be good for beginners? Three to consider are listed below. Here’s what you need to know about these top ETFs:

BetaShares NASDAQ 100 ETF (ASX: NDQ)

The first ETF that could be a good option for beginners is the BetaShares NASDAQ 100 ETF. This ETF provides investors with access to 100 of the largest non-financial companies listed on the famous exchange. This means you’ll be buying household names such as Google parent Alphabet, Amazon, Apple, Meta (Facebook), Microsoft, Netflix, Nvidia, Starbucks, and Tesla. BetaShares notes that the ETF’s strong focus on technology provides investors with diversified exposure to a high-growth potential sector that is under-represented in the Australian share market.

iShares S&P 500 ETF (ASX: IVV)

Another ETF for beginners to look at is the the iShares S&P 500 ETF. This ETF holds all of the shares included in the BetaShares NASDAQ 100 ETF and a further 400. All in all, this gives investors easy access to the top 500 listed companies on Wall Street. The fund manager, iShares, believes this ETF is a good way for investors to diversify internationally and provides long-term growth opportunities for a portfolio. Among the companies included in the fund are Amazon, Apple, Disney, Facebook, JP Morgan, Johnson & Johnson, Microsoft, Tesla, and Visa.

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

Finally, if you’re a beginner aspiring to be like Warren Buffett, then you may want to look at the VanEck Vectors Morningstar Wide Moat ETF. This Warren Buffett inspired ETF gives investors access to a group of companies that have sustainable competitive advantages or moats. Moats are something Buffett looks for when finding investments. The fund is currently invested across ~50 attractively priced shares boasting these qualities. This includes the likes of Adobe, Alphabet, Boeing, Etsy, Kellogg Co, Walt Disney, and Warren Buffet’s own Berkshire Hathaway.

The post 3 excellent ETFs for beginner investors to buy appeared first on The Motley Fool Australia.

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More reading

• 3 wonderful ETFs for ASX investors to buy today
• Why is the Betashares Nasdaq 100 ETF leaping ahead on Thursday?
• How I’d invest for retirement using just 3 ASX ETFs
• Is the BetaShares NASDAQ 100 ETF the best index fund on the ASX?
• Does the iShares S&P 500 ETF (IVV) pay dividends?

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 BETANASDAQ ETF UNITS. The Motley Fool Australia has positions in and has recommended BETANASDAQ ETF UNITS. The Motley Fool Australia has recommended VanEck Vectors Morningstar Wide Moat ETF and iShares Trust – iShares Core S&P 500 ETF. 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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The lithium industry has been on fire again recently, with a number of ASX lithium shares recording very strong gains.

The good news for investors is that it may not be too late to join the party, with analysts still seeing plenty of upside ahead for some of these shares.

Three ASX lithium shares that brokers continue to rate as buys are listed below. Here’s what you need to know:

Allkem Ltd (ASX: AKE)

The first ASX lithium share to consider is Allkem. It is one of the world’s largest lithium miners with projects in Argentina, Australia, and North America. From these projects, the company is aiming to maintain a 10% share of global lithium supply over the long term.

According to a recent note out of Macquarie, its analysts are bullish on Allkem and have an outperform rating and $21.00 price target on its shares. Based on the current Allkem share price of $15.95, this implies potential upside of 32% for investors over the next 12 months.

Liontown Resources Limited (ASX: LTR)

Another ASX lithium share that is rated highly is Liontown Resources. It is the lithium developer which owns the Kathleen Valley and Buldania projects in Western Australia. However, unlike the others, Liontown isn’t producing lithium yet. The Kathleen Valley project is scheduled to commence production in 2024.

A note out of Bell Potter reveals that its analysts have a speculative buy rating and $2.87 price target on the company’s shares. Based on the current Liontown share price of $1.81, this suggests potential upside of 59% for investors.

Pilbara Minerals Ltd (ASX: PLS)

Finally, this lithium giant has been named as a buy. It is the owner of the Pilgangoora Lithium-Tantalum Project, which is located approximately 120kms from Port Hedland in the Pilbara region of Western Australia. It produced 377,902 dmt of spodumene concentrate in FY 2022. Management is now looking at growing this to 1 million dmt per annum in the coming years.

Macquarie is also a fan of Pilbara Minerals. It currently has an outperform rating and $5.60 price target on the company’s shares. Based on the current Pilbara Minerals share price, this implies potential upside of 24% for investors over the next 12 months.

The post Brokers name 3 ASX lithium shares to buy appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Up, up, and away: Pilbara Minerals shares deal out another all-time high
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Why is the Global Lithium Resources share price rocketing 27% this week?
• 3 ASX 200 directors who have been selling shares in their companies this week

Motley Fool contributor James Mickleboro has positions in Allkem Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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