Supercharge your porfolio with these buy-rated ASX growth shares

If you’re on the lookout for some ASX growth shares for your portfolio, then it could be worth checking out the two listed below.

Here’s why analysts are tipping them as buys this month:

Flight Centre Travel Group Ltd (ASX: FLT)

The team at Morgans thinks that Flight Centre could be a top ASX growth share to buy in March.

Flight Centre is a travel agent giant operating across multiple countries including Australia, New Zealand, United States, United Kingdom, and India. In addition to the iconic Flight Centre brand, it also operates businesses such as Aunt Betty, Corporate Traveller, FCM, Stage & Screen, and Travel Associates.

Morgans is positive on the company, noting that with “the benefits of FLT’s transformed business model emerging […] the company is well placed over coming years.”

Last month, the broker responded to Flight Centre’s half year results by retaining its add rating with an improved price target of $27.27. This implies 20% upside for investors from current levels.

NextDC Ltd (ASX: NXT)

Another ASX growth share that could be in the buy zone in March is NextDC.

It is a technology company enabling business transformation through innovative data centre outsourcing solutions, connectivity services, and infrastructure management software.

NextDC has been growing at a rapid rate over the last decade and shows no sign of slowing thanks to the cloud computing and artificial intelligence booms. These are driving strong demand for data centre services.

In addition, the company has been expanding overseas and into regional areas to meet demand in these locations.

Macquarie is fan of the company and responded very positively to the company’s recent half-year results.

This saw the broker retain its outperform rating and lift its price target on its shares to $20.00. This implies potential upside of 15% for investors over the next 12 months.

The post Supercharge your porfolio with these buy-rated ASX growth shares appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Nextdc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended Flight Centre Travel Group. 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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