Analysts say these 3 blockbuster ASX 200 growth shares are buys

Investors looking for ASX 200 growth shares to buy might want to look at the three listed below.

These shares have been named as buys and tipped to climb meaningfully from current levels. Here’s what you need to know:

Altium Limited (ASX: ALU)

Altium could be an ASX 200 growth share to buy right now. It is a printed circuit board (PCB) design software provider that is on a quest to go from leading the industry to dominating it.

And this is a great industry to dominate given how demand for this specialist software is expected to increase strongly in the future thanks to a number of tailwinds such as AI and the Internet of Things.

Morgan Stanley is positive on the company’s outlook and currently has an overweight rating and $43.50 price target on its shares.

Pilbara Minerals Ltd (ASX: PLS)

Another ASX 200 growth share that could be a buy is Pilbara Minerals. While this lithium giant is one of the more volatile shares you will find, recent weakness appears to have made the risk/reward on offer with its shares compelling.

That’s because even with the pullback in lithium prices, Pilbara Minerals’ lithium operations are printing money. In addition, Morgans has suggested that the company could be an attractive takeover target for someone wanting immediate lithium exposure.

It is partly for this reason that the broker currently has an add rating and $5.30 price target on its shares.

WiseTech Global Ltd (ASX: WTC)

A final ASX 200 growth share that could be a buy is WiseTech Global. It is the logistics solutions company behind the popular CargoWise One solution.

This solution has become integral to the global logistics industry. It allows users to execute complex logistics transactions and manage freight operations from a single, easy to use platform.

Given the quality of the platform and its growing recurring revenues, the company appears well-placed for growth in the coming years.

Ord Minnett expects this to be the case and has put an accumulate rating and $90.00 price target on its shares.

The post Analysts say these 3 blockbuster ASX 200 growth shares are buys appeared first on The Motley Fool Australia.

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More reading

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• Here are the 3 most heavily traded ASX 200 shares on Friday
• Which ‘high conviction’ ASX 200 shares is this fundie backing to beat the market?
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Goldman Sachs names the ASX 200 lithium shares to buy (and avoid)

Motley Fool contributor James Mickleboro has positions in Altium. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Altium and WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. 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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