Are you interested in adding some ASX growth shares to your portfolio this month or in 2022? If you are, you may want to look at the ones listed below that have recently been named as buys.
Here’s what you need to know about them:
Breville Group Ltd (ASX: BRG)
The first ASX growth share to look at is Breville. It is the leading appliance manufacturer behind the Sage, Kambrook, Baratza, and eponymous Breville brands. Thanks to its investment in product development, these brands have been resonating well with consumers for many years. Much to the delight of shareholders, this has underpinned consistently solid sales and earnings growth. The good news is that this is expected to continue in the future thanks to favourable industry tailwinds, its continued investment in research and development, and its global expansion.
Macquarie is a very positive on Breville. The broker currently has an outperform rating and $34.37 price target on its shares.
Hipages Group Holdings Ltd (ASX: HPG)
Another ASX growth share to look at is Hipages. It is a leading Australian-based online platform and software as a service (SaaS) provider connecting consumers with trusted tradies. There are currently over 30,000 tradies using the platform, which is underpinning strong job volume and sales growth. In addition, the company just announced the acquisition of New Zealand rival Builderscrack. This gives Hipages access to a NZ$26 billion total addressable market and 4,000 active tradies.
Goldman Sachs is very bullish on Hipages. It currently has a buy rating and $5.15 price target on its shares.
Life360 Inc (ASX: 360)
A final ASX growth share to look at is Life360. This growing technology company is responsible for the Life360 mobile app. This market leading app is for families and offers useful features such as communications, driver safety, and location sharing. As of its last update, the company’s user base had reached 32 million globally. This is generating significant recurring revenues and opens the door to material cross and upselling opportunities for its recently acquired businesses. These are wearables company Jiobit and items tracking company Tile.
Bell Potter is bullish on the company’s future. It currently has a buy rating and $16.25 price target on its shares.
The post 3 excellent ASX growth shares to buy right now appeared first on The Motley Fool Australia.
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More reading
- 3 hot ASX tech shares to buy in 2022
- Brokers name 3 ASX shares to buy today
- Why Hipages, IGO, Talga, and Vulcan shares are storming higher
- Goldman Sachs loves these ASX tech shares
- Here’s why the Life360 (ASX:360) share price is leaping 12% today
Motley Fool contributor James Mickleboro owns Life360, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Hipages Group Holdings Ltd. and Life360, Inc. The Motley Fool Australia has recommended Hipages Group Holdings Ltd. 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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