If you’re searching for ASX shares to add to your portfolio, then it could be worth considering the ones listed below.
Here’s what you need to know about them:
Aristocrat Leisure Limited (ASX: ALL)
The first ASX share to consider is Aristocrat Leisure. With casinos around the world now reopening, demand for this gaming technology company’s industry-leading poker machines looks set to rebound strongly in the near future. In the meantime, its increasingly important Digital business has been growing strongly and is now generating material recurring revenues. When these two businesses are finally pulling together, its earnings growth is likely to accelerate.
Analysts at Morgan Stanley believe it is worth sticking with the company. They currently have an overweight rating and $38.00 price target on its shares.
Goodman Group (ASX: GMG)
Another ASX share to consider buying is Goodman Group. This integrated commercial and industrial property group owns a high quality portfolio of assets across a number of countries and industries. The main attraction, however, is that many of its assets have exposure to structural tailwinds such as ecommerce. In light of this, they look likely to be in demand for a long time to come. As a result, Goodman looks to be well-placed to continue delivering strong rental income and distribution growth over the next decade and beyond.
Macquarie recently upgraded Goodman’s shares to an outperform rating with an improved price target of $20.39.
Pushpay Holdings Group Ltd (ASX: PPH)
A final option to consider buying is Pushpay. It is a fast-growing donor management platform provider for the faith and not-for-profit sectors. Unlike Aristocrat Leisure, business has been booming for Pushpay during the pandemic. The temporary closure of churches, social distancing, and the shift to a cashless society have increased demand for its platform this year. So much so, management is expecting more explosive growth in FY 2021.
Goldman Sachs has a conviction buy rating and $2.59 price target on its shares.
Where to invest $1,000 right now
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of February 15th 2021
More reading
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- 2 ASX shares that are rapidly growing
James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of PUSHPAY FPO NZX. The Motley Fool Australia has recommended PUSHPAY FPO NZX. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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