5 top ASX growth shares to buy now with $5,000

There are a lot of ASX growth shares out there for investors to choose from.

To narrow things down, let’s take a look at five that brokers rate as buys. Here’s what you need to know about them:

Aristocrat Leisure Ltd (ASX: ALL)

Aristocrat Leisure is a global leader in gaming content and technology. While it is best known for land-based gaming machines, the company has built a much broader business spanning social casino games and online gaming. This diversification gives Aristocrat multiple growth pathways and reduces reliance on any single market.

Bell Potter believes it is well-placed for long term growth. It has a buy rating and $80.00 price target on its shares.

Breville Group Ltd (ASX: BRG)

Another ASX growth share that has been named as a buy is Breville Group. It has carved out a premium position in the global small appliances market. Rather than competing on price, Breville focuses on design-led products and innovation, particularly in coffee machines. This strategy has allowed it to build strong brand loyalty and maintain attractive margins. As consumers continue to premiumise everyday products, Breville has room to keep scaling internationally.

Morgans has a buy rating and $36.05 price target on its shares.

Lovisa Holdings Ltd (ASX: LOV)

Another ASX growth share that could be a buy in January is Lovisa. It is a fashion jewellery retailer that is currently undertaking a major global expansion. At the last count, it was operating 1,075 stores across more than 50 markets.

Morgans has named it as one of its top picks in the retail sector. The broker has a buy rating and $40.00 price target on its shares.

Neuren Pharmaceuticals Ltd (ASX: NEU)

A fourth share to look at is Neuren Pharmaceuticals. It is focused on treatments for rare neurological disorders, which is an area of high unmet medical need. Success in this space can lead to significant earnings growth due to limited competition and strong pricing power. For growth investors comfortable with volatility, this growth share could be worth considering.

Bell Potter is a big fan and has a buy rating and $25.00 price target on its shares.

Web Travel Group Ltd (ASX: WEB)

Finally, Web Travel Group could be an ASX growth share to buy. Following the spin-off of its consumer-facing Webjet operations in 2024, the company is now focused on its WebBeds platform, which connects hotels with travel agents and tour operators worldwide. As travel demand continues to normalise and grow, Web Travel Group’s asset-light platform positions it to deliver strong earnings growth.

Macquarie has an outperform rating and $6.85 price target on its shares.

The post 5 top ASX growth shares to buy now with $5,000 appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Lovisa and Web Travel Group Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Lovisa and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended Lovisa. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.