Here are 3 top ASX growth shares that analysts rate as buys

happy investor, share price rise, increase, up

happy investor, share price rise, increase, up

If you’re interested in adding some ASX growth shares to your portfolio, you may want to look at the three listed below.

These growth shares have recently been named as buys by experts. Here’s what they are saying about them:

Aristocrat Leisure Limited (ASX: ALL)

The first ASX growth share that has been tipped as a buy is Aristocrat Leisure. It is one of the world’s leading gaming technology companies and the owner of a portfolio of popular poker machines and digital games. The latter boasts over ~20 million monthly active users and are generating significant recurring revenues. Aristocrat is also looking to expand into the real money gaming market, which could be another significant avenue of growth.

Citi is a fan of the company. It has a buy rating and $40.20 price target on its shares.

Cochlear Limited (ASX: COH)

Another ASX growth share that has been named as a buy is Cochlear. It is one of the world’s leading hearing solutions companies. Thanks to its portfolio of world class products in an industry with high barriers of entry, Cochlear has been growing at a solid rate for well over a decade and looks well-placed to continue this trend in the future. Particularly given how the industry is benefiting from favourable tailwinds such as ageing populations.

Goldman Sachs is bullish on Cochlear. Its analysts currently have a buy rating and $237.00 price target on its shares.

Webjet Limited (ASX: WEB)

A final ASX growth share that has been named as a buy is online travel agent Webjet. After a tough couple of years, Webjet is now back on form thanks to rebounding travel markets. And with its costs reduced materially from pre-pandemic levels, Webjet looks set to be a much more efficient business in the future. This bodes well for its growth in the coming years.

Goldman Sachs is also very positive on Webjet. Its analysts currently have a buy rating and $6.80 price target on its shares.

The post Here are 3 top ASX growth shares that 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 positions in and has recommended Cochlear Ltd. The Motley Fool Australia has recommended Cochlear Ltd. and Webjet Ltd. 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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