Are you interested in adding some ASX growth shares to your portfolio? If you are, you may want to look at the three 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 stable of brands which continue to grow in popularity with consumers. Combined with its global expansion and consistent investment in research and development, this has underpinned solid sales and earnings growth over the last decade.

Morgans is bullish on Breville and expects its solid growth to continue in the coming years. The broker currently has an add rating and $25.00 price target on its shares. This compares to the latest Breville share price of $19.33.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another growth share that has been tipped as a buy is this pizza chain operator. It is rated highly 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 2033. Domino’s has also been putting its strong balance sheet to work with acquisitions. This trend could continue, increasing its potential footprint even further in the coming years.

Morgans is positive on the company’s future and sees recent weakness as a buying opportunity. The broker has an add rating and $90.00 price target on its shares. This suggests over 50% upside based on the current Domino’s share price of $58.63.

Life360 Inc (ASX: 360)

A final ASX growth share to look at is Life360. This rapidly growing location technology company is responsible for the Life360 mobile app. This market-leading app is for families and offers useful features such as communications, driver safety, and location sharing. At the last count, there were over 40 million active users of it. Life360 also recently acquired wearables company Jiobit and items tracking company Tile. These are opening the door to significant cross and upselling opportunities.

Bell Potter remains bullish on the company’s future. It currently has a buy rating and $8.23 price target on its shares. This compares favourably to the current Life360 share price of $5.69.

The post Here are 3 ASX growth shares analysts rate as buys appeared first on The Motley Fool Australia.

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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. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended 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 looking for dividend shares to buy, then read on!

Listed below are two ASX dividend shares that analysts at Morgans rate as buys. Here’s what they are saying about them:

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

Morgans is feeling very positive about this coal terminal operator. It is expecting a big dividend yield in FY 2022 with modest growth in the years that follow.

The broker currently has an add rating and $2.32 price target on the company’s shares. It commented:

DBI holds the 99 year lease to the 85 Mtpa Dalrymple Bay Coal Terminal, of which c.80% of throughput is metallurgical coal (used in steelmaking). DBCT offers the cheapest export route-to-market for users within its Bowen Basin catchment region. DBCT is fully contracted from 2023 to 2028. In the current low interest rate environment, income-oriented investors will be attracted to DBI’s high cash yield and commitment to 1-2% pa DPS growth

Morgans is forecasting dividends per share of 18.3 cents in FY 2022 and 18.5 cents in FY 2023. Based on the latest Dalrymple Bay Infrastructure share price of $2.15, this will mean yields of 8.5% and 8.6%, respectively.

Dexus Industria REIT (ASX: DXI)

Another ASX dividend share that has been tipped as a buy by analysts at Morgans is Dexus Industria. It is a property company with a focus on industrial and logistic assets.

Morgans currently has an add rating and $3.25 price target on its shares. The broker explained:

DXI’s portfolio is valued at $1.76bn and is weighted 79% towards industrial and logistics assets. The weighted average cap rate is 5.1%; WALE 5.9 years; and occupancy 97%. DXI is trading at a discount to NTA, offers an attractive yield with solid underlying portfolio metrics and has near/medium-term growth opportunities via the development pipeline.

Its analysts are forecasting dividends of 16.4 cents per share in FY 2023 and 16.9 cents per share in FY 2024. Based on the current Dexus Industria share price of $2.66, this will mean yields of 6.2% and 6.35%, respectively, for income investors.

The post Broker names 2 ASX dividend shares to buy now appeared first on The Motley Fool Australia.

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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. 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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The Global Lithium Resources Ltd (ASX: GL1) share price stumbled into the red today, finishing the day 4.68% lower at $2.65.

Despite reaching its 52-week highs of $2.93 last Thursday, the share has taken a sharp reversal and now trades more than 9.5% off that point.

Today investors sold off Global Lithium shares following a company announcement.

Why did investors sell Global Lithium today?

The company released results from the second round of preliminary metallurgical test work carried out after diamond core drilling from the Marble Bar Lithium Project.

Specifically, Global says that BGRIMM Technology Group has been engaged by the company to carry out the test work in Beijing, China.

Global notes the preliminary test work achieved “excellent results”, leading to the potential development of flow sheets and other processing options.

Speaking on the release, Global Lithium Managing Director Ron Mitchell said:

This second round of preliminary results from the ongoing metallurgical test work for our MBLP continue to impress with grades and recoveries produced meeting industry expectations. Achieving lithium recoveries of 85% is certainly something we are excited about.

These results, as did the initial results released in August, fully support the prospect of MBLP becoming a standalone lithium operation in the years to come.

The company says that further test work is required to improve the concentrate grade and lithium recovery.

It also says that further investigation into additional trace elements will be conducted on test samples.

The down-leg in Global Lithium’s share price today is at odds with the remainder of the ASX lithium basket, itself catching a strong bid today as the price of lithium carbonate reached all-time highs again last week.

Chief to the upside is the demand-supply equation for the industry whereby demand for electric vehicles (EVs) is seeing equally as strong demand for batteries to fulfil this gap in the market.

The result has been a sustained and consistent upswing in the price of lithium for at least 12 months, creating a potential barrier to entry in the process, but also a large incentive to explore and produce the battery metal.

In the meantime, the Global Lithium share price has soared 516% in the past 12 months.

The post Global Lithium share price stumbles despite ‘positive’ step appeared first on The Motley Fool Australia.

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Motley Fool contributor Zach Bristow 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 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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The Micro-X Ltd (ASX: MX1) share price exploded today on news of a $15 million investment.

Micro-X shares surged 37% from 13.5 cents to 18.5 cents before retreating. The company’s shares finished the day up 26%.

Let’s take a look at what this ASX medical tech share reported.

New strategic partnership

Micro-X has formed a strategic partnership with Varex Imaging Corporation (NASDAQ: VREX). Varex is said to be the biggest independent manufacturer of x-ray technology components in the world.

Varex will pay Micro-X US$5 million (about A$7.5 million) for a global exclusive licence to use Micro-X’s NEX technology. Under the deal, Varex will be able to design, make and sell multi-beam x-ray tubes using this technology.

Further, Varex will take a 9.9% stake in Micro-X via a share placement of 50,709,000 shares at 14.7 cents per share. This investment is valued at nearly $7.5 million. In total, this would take Varex’s investment in Micro-X to about $15 million.

Commenting on the news, Micro-X managing director Peter Rowland said:

This long-term investment will continue to promote Micro-X on the world stage, as a leader in innovative products and technology that is designed to make lives better.

This collaboration contributes hugely to our future growth and allows us to continue to focus on future medical and security imaging applications for our proprietary NEX Technology

Micro-X is holding an investor call at 9am on Tuesday to discuss this news.

Micro-X share price snapshot

The Micro-X share price has slid 42% in the past year, while it has fallen 33% year to date.

For perspective, the S&P/ASX 200 Health Care Index (ASX: XHJ) has fallen nearly 14% in a year.

Micro-X has a market capitalisation of about $78 million based on the current share price.

The post Guess which ASX medical tech share soared 37% at one point today appeared first on The Motley Fool Australia.

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Motley Fool contributor Monica O’Shea 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 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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