If you have room in your portfolio for some new additions in November, then you might want to consider the ASX growth shares listed below.

They have recently been named as buys by experts and tipped to climb meaningfully higher from current levels. Here’s what you need to know about them:

Cochlear Limited (ASX: COH)

The first ASX growth share that has been named as a buy is Cochlear. It is one of the world’s leading hearing solutions companies. It has been tipped to continue its growth long into the future thanks to its portfolio of world class products in an industry with high barriers of entry. Particularly given how the industry is benefiting from favourable tailwinds such as ageing populations and a growing middle class.

Goldman Sachs is bullish on Cochlear. Its analysts currently have a buy rating and $247.00 price target on its shares.

IDP Education Ltd (ASX: IEL)

Another ASX growth share that has been named as a buy is IDP Education. It is a language testing and student placement company and a co-owner of the IELTS test. This is the English test that is trusted by more governments, universities, and organisations than any other.

Goldman Sachs is a big fan of the company and is expecting strong underlying system demand to result its rapid earnings growth through to FY 2025. Goldman has a buy rating and $36.00 price target on the company’s shares.

Life360 Inc (ASX: 360)

A final ASX growth share that analysts have tipped as a buy is Life360. It is a technology company that operates in the digital consumer subscription services market, with a focus on products and services for digitally native families. The company’s flagship product is the Life360 app, which has a whopping 40 million+ active users. It offers families features such as communications, driver safety, and location sharing.

Analysts at Bell Potter are very positive on the company. This is due to its huge total addressable market and material cross selling opportunities. Bell Potter has a buy rating and $8.25 price target on its shares.

The post Experts name 3 of the best ASX growth shares to buy in November appeared first on The Motley Fool Australia.

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More reading

• Which are the best ASX 200 shares to buy now for 2023?
• Morgans names 2 fast-growing ASX 200 shares to buy now
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• 5 reasons I would avoid BrainChip shares at all costs
• Leading fund manager names the 3 ASX stocks that drove its returns higher in October

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 Cochlear Ltd., Idp Education Pty Ltd, and Life360, Inc. The Motley Fool Australia has recommended Cochlear 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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After a year that absolutely hammered technology stocks, some investors are now starting to go bargain shopping with an eye on a possible turnaround.

Two such S&P/ASX 200 Index (ASX: XJO) shares that seem to be favoured by professional investors are Hub24 Ltd (ASX: HUB) and Altium Limited (ASX: ALU).

Hub24 shares are currently rated as a strong buy by nine out of 13 analysts surveyed on CMC Markets.

“Altium is aiming to achieve US$500 million in revenue by 2026. This will be more than double FY2022’s revenue of US$220.8 million,” wrote The Motley Fool’s James Mickleboro, who reported that Jefferies is “a fan of the company”. 

“It currently has a buy rating and $38.13 price target on its shares.”

The trouble is that many investors are short of cash in turbulent times.

So if you’re tempted by both Hub24 and Altium, which is the better investment if you have limited funds?

‘Like trying to pick a favourite child’

Shaw and Partners portfolio manager James Gerrish was asked this very question this week in a Market Matters Q&A.

He admitted it’s a tough one, as his team holds both of them and they “have performed stoically”.

“At this stage the answer is we like them both. It’s sort of like trying to pick a favourite child!”

Indeed, during a period when tech has really struggled to hold their valuations, Hub24 shares have done well to be only 9% lower year to date. Altium has been relatively resilient too, with the stock price down 20%.

This compares to a 32% drop for the S&P/ASX All Technology Index (ASX: XTX).

But which one to choose, if there was a gun to the head?

But if Gerrish absolutely had to pick one, it would be the financial platform provider over the electronic design software maker. 

“We do think there is probably more upside for Hub24 in the short term given its strong platform growth that was reported recently and the aggressive commercial model they run,” he said.

“That said, Altium continues to go from strength to strength and we see at least 15% upside into Christmas, but more wouldn’t surprise.”

The post Hub24 or Altium: Which ASX 200 tech stock is the better buy right now? appeared first on The Motley Fool Australia.

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More reading

• ASX 200 tech shares jump 6%
• Here are the top 10 ASX 200 shares today
• ‘Very bullish’: 3 small-cap ASX shares QVG is loving right now
• Analysts name the ASX growth shares to buy
• US$10 billion was just wiped from the value of Atlassian. How are ASX 200 tech shares responding?

Motley Fool contributor Tony Yoo 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 and Hub24 Ltd. The Motley Fool Australia has positions in and has recommended Hub24 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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Last week saw a number of broker notes hitting the wires once again. Three buy ratings that investors might want to be aware of are summarised below.

Here’s why brokers think investors ought to buy them next week:

Allkem Ltd (ASX: AKE)

According to a note out of Macquarie, its analysts have retained their outperform rating on this lithium miner’s shares with an improved price target of $21.00. Macquarie has lifted its earnings estimates for Allkem in response to stronger lithium price forecasts. This is being supported by growing demand for the electric vehicle battery ingredient. The Allkem share price was trading at $16.18 on Friday.

Jumbo Interactive Ltd (ASX: JIN)

A note out of Goldman Sachs reveals that its analysts have retained their buy rating on this online lottery ticket seller’s shares with a trimmed price target of $15.20. Although Jumbo’s first quarter update was softer than Goldman was expecting, it remains positive. This is due to the company’s long term growth story through the SaaS business and its ability to improve market share within the growing digital lottery business. The Jumbo share price was fetching $14.30 at Friday’s close.

Suncorp Group Ltd (ASX: SUN)

Analysts at Credit Suisse have retained their outperform rating and $13.90 price target on this insurance giant’s shares. According to the note, the broker was pleased with Suncorp’s quarterly update and particularly its stronger than expected mortgage loan growth. Overall, it feels that this update supports its bullish view on the company. The Suncorp share price ended the week at $12.19.

The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

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More reading

• These ASX shares turned $20,000 into $100,000 in 10 years
• Top ASX dividend shares to buy in November 2022
• Analysts say these ASX growth shares are buys
• Why is the Core Lithium share price having such a top run on Friday?
• 3 ASX 200 lithium shares smashing all-time highs on Friday

Motley Fool contributor James Mickleboro has positions in Allkem Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Jumbo Interactive Limited. The Motley Fool Australia has recommended Jumbo Interactive 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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The Australian share market is home to a large number of dividend payers. However, some offer yields that are greater than average at present.

For example, two high yield ASX dividend shares that are rated as buys are listed below. Here’s what you need to know about them:

National Australia Bank Ltd (ASX: NAB)

The first ASX dividend share that could be a good option right now for income investors is this banking giant.

NAB appears well-placed to profit in the current environment thanks to its strong position in commercial banking. In fact, it is for this reason that Goldman Sachs recently reiterated its buy rating with a $35.41 price target.

The broker notes that NAB provides “the best leverage to the thematic that domestic volume momentum will favour commercial over housing volumes over both the short- and medium-term.”

Goldman expects this to underpin attractive dividend yields from NAB’s shares in the coming years. It is forecasting a $1.73 per share dividend in FY 2023 and then a $1.78 per share dividend in FY 2024. Based on the current NAB share price of $31.35, this will mean fully franked yields of 5.5% and 5.7%, respectively.

New Hope Corporation Limited (ASX: NHC)

This coal miner could be a dividend share to buy thanks to sky high coal prices.

A note out of Morgans this week reveals that its analysts have retained their add rating with a $7.00 price target.

Its analysts believe that New Hope will be positioned to pay a massive $1.20 per share in FY 2023. Based on the current New Hope share price of $5.16, this represents a whopping fully franked 23% dividend yield for investors.

But it may not even stop there with the returns. The broker has suggested that “plausibly +$1.5bn ($1.59ps) is available for distribution via the announced onmarket buyback and dividends.”

Looking further ahead, while the broker is forecasting a reduction in New Hope’s dividend to a fully franked 75 cents per share in FY 2024, this still equates to a sizeable 14.5% yield.

The post Analysts say these high yield ASX dividend shares are buys appeared first on The Motley Fool Australia.

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More reading

• Top ASX dividend shares to buy in November 2022
• 4 ASX 200 shares trading ex-dividend next week
• Why is the Whitehaven Coal share price falling in a hole on Friday?
• 5 of the craziest things making news on the ASX this week
• Why has the NAB share price had such a miserable week so far?

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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