2 ASX growth shares that could be long-term winners

The ASX has no shortage of companies with strong long-term growth outlooks.

But which ones could be buys this week?

Let’s take a look at two ASX growth shares with bright prospects that could be worth considering for a balanced portfolio. They are as follows:

Goodman Group (ASX: GMG)

Goodman Group has become one of the ASX’s most important property businesses, but it is no ordinary landlord.

It owns, develops, and manages high-quality logistics and industrial assets in major markets around the world. These are the types of properties that sit at the centre of modern supply chains, ecommerce networks, and data-heavy economies.

What makes Goodman attractive is the way its business has evolved. It is not just collecting rent from warehouses. It is using its global platform, development expertise, and landbank to meet demand from some of the world’s largest companies.

That includes customers looking for well-located logistics space close to major cities, ports, and transport corridors. It also includes growing demand for data centre infrastructure, which has become a major opportunity as artificial intelligence and cloud computing drive huge requirements for power and capacity.

For patient investors, Goodman’s combination of global scale, scarce assets, and exposure to structural demand could keep it relevant for many years.

Life360 (ASX: 360)

Another ASX growth share that could be a top long-term buy is family safety and location technology company Life360.

Its app helps people stay connected through location sharing, driving safety features, emergency support, and other family-focused services. That kind of engagement is important. A software platform becomes far more valuable when it is part of a regular routine rather than something customers use only occasionally.

The company has also been improving the way it turns its large user base into revenue. Subscription products, advertising, and connected device opportunities all give Life360 multiple paths for growth.

There is also a network effect element. The product becomes more useful when more family members and close contacts are on it. That can make it harder for competitors to displace, provided Life360 continues to invest in trust, safety, and product quality.

Like many ASX growth shares, Life360’s share price can be volatile. Expectations can move quickly when investors are paying for future earnings rather than today’s profits.

Even so, the company has a large addressable market and a clear consumer use case. If management keeps executing successfully, Life360 could remain one of the ASX’s standout technology stories.

The post 2 ASX growth shares that could be long-term winners appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Goodman Group and Life360. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goodman Group and Life360. The Motley Fool Australia has positions in and has recommended Life360. The Motley Fool Australia has recommended Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.