Are you looking to add some growth shares to your portfolio next week?
If you are, three ASX growth shares that could be worth considering are listed below. Here’s why analysts are tipping them as buys:
Airtasker Ltd (ASX: ART)
The first ASX growth share for investors to look at next week is Airtasker. It is Australia’s leading online marketplace for local services, connecting people and businesses. While the company has been around for a decade, it is still barely even scratching the surface of its enormous market opportunity. Management estimates that it has a total addressable market of $600 billion across Australia, the UK, and the US. This compares to its Gross Marketplace Volume (GMV) of $189.6 million in FY 2022, which was up 23.8% on the prior year.
Morgans is a fan and has an add rating and $1.05 price target on its shares.
Altium Limited (ASX: ALU)
Another ASX growth share for investors to look at when the market reopens is Altium. It is an an industry-leading printed circuit board (PCB) design software provider. PCBs are the boards you find inside almost all electronic devices and are integral to their operation. Thanks to Altium’s dominant position in the market, management is very confident in its outlook and 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.
Aristocrat Leisure Limited (ASX: ALL)
A final ASX growth share to consider next week is Aristocrat Leisure. It is one of the world’s leading gaming technology companies with a world class portfolio of poker machines and digital/mobile games. The latter includes games such as Cashman Casino, Gummy Drop, and RAID, which have helped the company amass ~20 million monthly active users. This is underpinning significant recurring revenues. Aristocrat is also undertaking a share buyback and looking to expand into the real money gaming market.
Citi is a fan of the company and has a buy rating and $40.20 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
- Top brokers name 3 ASX shares to buy today
- Here’s why experts are tipping these ASX shares as buys for October
- 5 things to watch on the ASX 200 on Tuesday
- Here are the top 10 ASX 200 shares today
- Why Altium, Greenwing, Superloop, and Universal Store shares are racing higher
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. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker Limited. 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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