Analysts name 3 ASX growth shares to buy next week

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a man sits at his desk wearing a business shirt and tie and has a hearty laugh at something on his mobile phone.

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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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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