Are you looking to add some growth shares to your portfolio?
If you are, listed below are three ASX growth shares that could be worth considering. Hereâs what you need to know about them:
Allkem Ltd (ASX: AKE)
The first ASX growth share to consider is Allkem. This lithium miner is aiming to grow its production materially in the coming years. In fact, it is planning to do this in a way that allows it to maintain a 10% share of global lithium supply over the long term. This certainly bodes well for its earnings growth given how insatiable demand for lithium is driving sky high prices.
Macquarieâs analysts are bullish on Allkem and have an outperform rating and $21.00 price target on its shares.
Aristocrat Leisure Limited (ASX: ALL)
Another ASX growth share to consider is Aristocrat Leisure. This gaming technology company has a world class portfolio of poker machines and digital games. The company has also just entered the real money gaming market, which has been tipped to grow materially in the future. Combined, this appears to position Aristocrat perfectly for long term growth.
Morgans is a fan of the company and has an add rating and $43.00 price target on its shares.
Treasury Wine Estates Ltd (ASX: TWE)
A final ASX growth share to consider buying is Treasury Wine. This wine giant owns a number of popular brands including Penfolds, 19 Crimes, and Wolf Blass. Thanks to this high quality portfolio of wines and its premiumisation strategy, the team at Morgans believe Treasury Wine is positioned for âstrong earnings growth” over the coming years.
Morgans has an add rating and $15.71 price target on its shares.
The post 3 ASX 200 shares analysts are tipping for stellar growth appeared first on The Motley Fool Australia.
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More reading
- What $10,000 in ASX lithium shares a year ago would be worth today
- Buy this ASX 200 share now while the market’s distracted: expert
- 3 dividend-paying ASX growth shares I would buy to retire rich
- 5 ASX lithium shares to buy: brokers
- Top brokers name 3 ASX shares to buy next week
Motley Fool contributor James Mickleboro has positions in Allkem Limited. 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 Treasury Wine Estates 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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