Brokers say these exciting ASX growth shares are buys

Are you interested in adding some ASX growth shares to your portfolio? If you are, you may want to look at the two listed below.

Here’s what you need to know about these growth shares:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The first ASX growth share that has been tipped as a buy is this pizza chain operator.

While the company has been facing a number of challenges this year and its performance is likely to underwhelm compared to previous years, its longer term outlook remains as positive as ever.

This is thanks to its strong brand, investment in technology, and bold expansion plans. The latter includes the company aiming to more than double its network by 2033 excluding acquisitions.

Morgans remains very positive on the company’s future and sees recent weakness as a buying opportunity. The broker currently has an add rating and $90.00 price target on its shares. 

Life360 Inc (ASX: 360)

A second ASX growth share for investors to look at next week when the market reopens is Life360.

This rapidly growing location technology company is responsible for the Life360 mobile app. This freemium app is hugely popular and currently boasts over 40 million active users.

The company also added to its arsenal with recent acquisitions of wearables company Jiobit and items tracking company Tile, which are opening the door to cross and upselling opportunities.

In addition, Life360 has the potential to leverage its large and growing user base to enter new markets and disrupt legacy incumbents. It has already done this with roadside assistance through its Driver Protect product.

Bell Potter is a big fan of Life360. At the end of last week, the broker reiterated its buy rating and lifted its price by a dollar to $9.25.

The post Brokers say these exciting ASX growth shares are buys appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Life360, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360, Inc. 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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