Here’s why these ASX 200 growth shares could be top buys

Looking for some new portfolio additions and have a penchant for ASX 200 growth shares?

If you are, then it could be worth checking out the two shares listed below that have recently been named as buys.

Here’s what you need to know about these highly-rated ASX growth shares:

Breville Group Ltd (ASX: BRG)

Breville could be an ASX 200 growth share to buy right now.

It is the leading appliance manufacturer behind brands such as Breville, Sage, Kambrook, and Baratza. These products are found in countless kitchens across Australia and the world.

The team at Morgan Stanley thinks investors should be snapping up its shares right now. Particularly given that it believes the company could have had a strong first half based on industry updates. In addition, it highlights potential margin tailwinds that will be supportive of growth.

Morgan Stanley has an overweight rating and $29.00 price target on Breville’s shares.

Life360 Inc (ASX: 360)

Another ASX 200 growth share that could be a buy this month according to analysts is Life360.

It is a Silicon Valley based technology company with a focus on products and services for digitally native families. The key product is the increasingly popular Life360 app, which has almost 60 million active users. It offers families features such as communications, driver safety, and location sharing.

Goldman Sachs is a big fan of the company and sees huge revenue growth ahead.

It analysts highlight that “Life360 is exposed to a US$12bn global TAM with a large opportunity to expand its product suite, grow average revenue per paying circle (ARPPC), increase payer conversion, and lift penetration rates outside of the US.”

Goldman Sachs currently has a buy rating and $10.50 price target on its shares.

The post Here’s why these ASX 200 growth shares could be top buys appeared first on The Motley Fool Australia.

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More reading

• How I’d invest $300 a month in ASX shares to target $22,000 annual passive income!
• Here are the top 10 ASX 200 shares today
• These ASX 200 growth shares can rise ~30% to 55%
• Top ASX shares for beginner investors to buy in 2024
• Why these ASX 200 growth shares could be strong buys

Motley Fool contributor James Mickleboro has positions in Life360. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and Life360. 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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