Category: Stock Market

The Australian share market is home to a good number of shares offering attractive dividend yields.

But which ones should you buy over others? Here’s are two that analysts rate as buys right now:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share to look at is this footwear focused retail group. It is the name behind a number of popular store brands such as The Athlete’s Foot, HYPE DC, and Platypus. The company also has exclusive distribution of several brands in the Australian market, including Reebok.

Although FY 2022 will be a difficult year because of lockdowns, the company has been tipped to resume its solid growth next year by the team at Bell Potter.

In light of this, the broker believes it is well worth sticking with Accent and recently reiterated its buy rating and put a $3.05 price target on its shares.

As for dividends, Bell Potter is forecasting dividends per share of 9.1 cents in FY 2022 and 13.5 cents in FY 2023. Based on the latest Accent share price of $2.38, this represents yields of 3.8% and 5.7%, respectively.

Mineral Resources Limited (ASX: MIN)

Another ASX dividend share analysts have named as a buy is Mineral Resources. It is a mining and mining services company with exposure to two commodities – iron ore and lithium. While the former has been acting as a drag on its performance, record high lithium prices are limiting the damage.

It is because of the latter that the team at Macquarie remain very positive on Mineral Resources. Last week the broker reaffirmed its outperform rating and lifted its price target to $79.00. Macquarie believes lithium prices will remain at record level for the next four years.

The broker has also lifted its dividend estimates for the coming years. It now expects fully franked dividends per share of $1.67 in FY 2022 and then $2.25 in FY 2023. Based on the latest Mineral Resources share price of $54.99, this will mean yields of 3% and 4.1%, respectively.

The post 2 buy-rated ASX dividend shares appeared first on The Motley Fool Australia.

More reading

• These were the best performing ASX 200 shares last week
• 2 quality ASX dividend shares to buy
• What’s driving the Mineral Resources (ASX:MIN) share price higher today?
• These 5 ASX shares grew revenue by more than 70% in the last year
• Macquarie names the best ASX lithium shares to buy in 2022

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Accent Group. 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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There are some leading ASX shares that are rated as buys for 2022 by brokers.

Analysts are always on the lookout for opportunities that are good value and could generate attractive returns for investors.

Share prices are always changing and management are usually working on development plans.

These two businesses are deemed to be opportunities:

Tyro Payments Ltd (ASX: TYR)

Tyro is currently rated as a buy by at least three brokers, including Ord Minnett.

The broker has a price target of $4.30 on the business, which suggests a potential upside of more than 50%. Tyro continues to grow and Ord Minnett thinks that the ASX share can deliver growth in the second half of FY22 as well.

Tyro Payments has regularly been giving investors updates about the transaction value that is being processed through its systems.

In FY22, Tyro saw December (to 17 December) transaction volume growth of 38% to $2 billion. November growth was 43%. October growth was 34%. Both August and September saw growth of at least 20%, despite the lockdowns in both Sydney and Melbourne.

The ASX share says that it’s a tech company providing payments and business banking, taking on “the big guys”. Management say that the business is well positioned to continue to accelerate growth, with tailored payment solutions which is driving strong merchant base and transaction value growth.

There are a number of growth drivers for the business, including adding new ‘verticals’, increasing its market share of existing verticals and achieving operating leverage as platforms continue to scale which will help grow profit margins.

Temple & Webster Group Ltd (ASX: TPW)

Temple & Webster is currently rated as a buy by at least three different brokers, including Credit Suisse.

The broker has a price target on the furniture and homewares business of $15.89. That’s more than 50% higher than where it is today.

A key highlight for the broker is the ongoing fast growth of sales despite the large amount of growth already experienced in FY21.

Management say that the business continues to experience strong tailwinds, including the ongoing adoption of online shopping due to structural and demographic shifts. Management also say the company is a long-term growth story.

For the period of 1 July to 15 October 2021 it saw growth of sales 56%. Whilst the full year earnings before interest, tax, depreciation and amortisation (EBITDA) margin is expected to be between 2% to 4%, the first half is expected to be higher than this level.

The ASX share says that as its scale increases its operating leverage, it will allow for an acceleration of investment in future growth and taking market share. It’s investing in things like marketing, technology development, product range and the overall customer experience.

Increasing scale will help with costs like product sourcing, logistics and marketing.

This business has the ultimate goal of becoming the largest retailer (online and offline) for furniture and homewares in its home market.

The post Brokers say these 2 top ASX shares are buys in 2022 appeared first on The Motley Fool Australia.

More reading

• These 5 ASX shares grew revenue by more than 70% in the last year
• Forget Christmas! Could these ASX retail shares be set for a Boxing Day bonanza?
• How will ASX retail shares go in 2022?
• 2 fantastic ASX tech shares tipped for big things in 2022
• Could 2022 be the year ASX 200 tech shares get some love?

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Temple & Webster Group Ltd and Tyro Payments. The Motley Fool Australia has recommended Temple & Webster Group Ltd and Tyro Payments. 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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Looking for some small cap shares to add to your watchlist? Then have a look at the ones listed below.

Here’s why they could be worth getting better acquainted with in 2022:

Bigtincan Holdings Ltd (ASX: BTH)

The first small cap to watch is Bigtincan. It is a provider of enterprise mobility software. This software allows sales and service organisations to increase their sales win rates, reduce expenditures, and improve customer satisfaction through improved mobile worker productivity.  It has a number of blue chip clients such as Australia and New Zealand Banking Group (ASX: ANZ), Guess, sports giant Nike, and ThermoFisher.

BlueBet Holdings Ltd (ASX: BBT)

Another small cap ASX share to watch is BlueBet. It is an online sports betting company that allows users to bet on all Australian and international racing and sports. BlueBet has been growing its sales at a very strong rate thanks to the increasing popularity of sports betting and the shift away from betting houses. Given its modest market share in Australia and management’s US ambitions, it has a very long runway for growth over the next decade.

PlaySide Studios Limited (ASX: PLY)

A final small cap ASX share to watch is PlaySide Studios. It is a growing independent video game developer with an expanding portfolio of games. These include games based on its own original intellectual property and those through licensing deals with Hollywood studios such as Disney. It also recently announced a landmark work-for-hire development agreement with 2K Games. It is a label of leading global publisher Take-Two Interactive Software (NASDAQ: TTWO), which is best-known as the company behind the Grand Theft Auto series.

The post 3 small cap ASX shares to watch in 2022 appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended BIGTINCAN FPO. The Motley Fool Australia has recommended BIGTINCAN FPO and BlueBet 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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With interest rates still at very low levels, it continues to be a difficult period for income investors. The good news is there are plenty of ASX dividend shares that can help you overcome low rates in 2022.

Two such ASX 200 dividend shares to look at are listed below. Here’s what you need to know about them:

Centuria Industrial Reit (ASX: CIP)

The first ASX 200 dividend share to look at is Centuria Industrial. It is the largest domestic pure play industrial REIT with a portfolio of high-quality industrial assets situated in key metropolitan locations throughout Australia and underpinned by a quality and diverse tenant base.

Management notes that its portfolio is well positioned with an 89% weighing to Australia’s high performing eastern seaboard industrial markets and underpinned by a strong tenant base. In respect to its tenant base, almost two-thirds of portfolio income is derived from occupants directly linked to the production, packaging and distribution of consumer staples, telecommunications and pharmaceuticals.

Macquarie is a fan of the company. Its analysts are forecasting dividends per share of 17.3 cents in FY 2022 and 18.7 cents in FY 2023. Based on the current Centuria Industrial share price of $4.08 this will mean yields of 4.25% and 4.6%, respectively. Macquarie has an outperform rating and $4.16 price target on its shares.

Healius Ltd (ASX: HLS)

Another ASX 200 dividend share to look at is Healius. It is a healthcare company with a focus on pathology, diagnostic imaging, day hospitals, and IVF.

It is the company’s COVID testing business that is firing on all cylinders at present. Extremely strong demand for testing services has been underpinning very strong sales and earnings. Pleasingly for Healius, this looks set to continue for the foreseeable future following the emergence of the Omicron strain.

The team at Morgans is very positive on Healius and is forecasting fully franked dividends per share of 23 cents in FY 2022 and 19 cents in FY 2023. Based on the current Healius share price of $5.37 this will mean yields of 4.3% and 3.5%, respectively. Morgans has an add rating and $5.79 price target on its shares.

The post 2 excellent ASX 200 dividend shares to buy now appeared first on The Motley Fool Australia.

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• 3 fantastic ASX shares to buy for Christmas
• Got money to invest for income? Here are 2 ASX dividend shares that could be buys
• Healius (ASX:HLS) share price higher despite analysts questioning acquisition value
• 2 value ASX shares ready for a big 2022: fund manager
• 2 fantastic blue chip ASX 200 shares to buy next week

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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 Bruce Jackson.

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If you’re a fan of growth shares then you’ll be pleased to know there are plenty of quality options to choose from on the Australian share market.

Three high quality options that have recently been given buy ratings are listed below. Here’s why these ASX growth shares are rated highly right now:

Adore Beauty Group Limited (ASX: ABY)

Adore Beauty could be an ASX growth share to buy. It is a leading online retailer in the $11.2 billion Australian beauty and personal care market. Adore Beauty has been growing strongly over the last few years thanks to its highly successful business model. Its integrated model combines online retail with education and entertainment, making its website a destination for consumers even when they’re not purchasing items. During the first quarter of FY 2022, Adore Beauty reported revenue of $63.8 million, up 25% on the prior corresponding period. This is still only a small slice of its addressable market. UBS is positive on Adore Beauty. It currently has a buy rating and $6.00 price target.

PointsBet Holdings Ltd (ASX: PBH)

PointsBet is another ASX growth share to look closely at. It is a sports betting operator and iGaming provider offering innovative sports and racing betting products and services via a scalable cloud-based platform. PointsBet has been growing at a rapid rate over the last few years thanks to its growing customer base in both the ANZ and US markets. Looking ahead, the team at Goldman Sachs expect this positive form to continue and is forecasting very strong growth over the coming years as its US expansion continues. This will be supported by its game-changing deal with leading US sports broadcaster NBCUniversal. Goldman currently has a buy rating and $12.79 price target on the company’s shares.

Xero Limited (ASX: XRO)

A final ASX growth share to look at is Xero. It is a provider of a cloud-based business and accounting solution to small and medium sized businesses. Xero has been growing strongly over the last few years and looks well-positioned to continue the trend in the years to come. This is thanks to its international expansion, acquisitions, the transition to the cloud, and its burgeoning app ecosystem. The latter has significant monetisation potential. Goldman Sachs is also very positive on Xero. It has a buy rating and $158.00 price target on its shares. Its analysts believe Xero is capable of delivering strong revenue growth over multiple decades.

The post 3 ASX growth shares could be strong buys appeared first on The Motley Fool Australia.

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• 2 ASX 50 shares to buy in 2022
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Pointsbet Holdings Ltd and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Adore Beauty Group Limited. The Motley Fool Australia owns and has recommended Xero. The Motley Fool Australia has recommended Adore Beauty Group Limited and Pointsbet 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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Once a week I like to look at ASIC’s short position report to find out which shares are being targeted by short sellers.

This is because I believe it is well worth keeping a close eye on short interest levels as high levels can sometimes be a sign that something isn’t quite right with a company.

With that in mind, here are the 10 most shorted shares on the ASX this week according to ASIC:

• Flight Centre Travel Group Ltd (ASX: FLT) continues to be the most shorted ASX share after its short interest remained flat at 14.6%. Fears that the Omicron variant of COVID-19 is derailing the travel market recovery continue to weigh on sentiment.
• Kogan.com Ltd (ASX: KGN) has seen its short interest ease again to 10.6%. Short sellers have been targeting this ecommerce company due to its very disappointing performance over the last 12 months and expectations that it will continue in FY 2022.
• Redbubble Ltd (ASX: RBL) has short interest of 9.9%, which is down week on week. Redbubble is another ecommerce company that has been underperforming in FY 2022. Short sellers don’t appear to believe its performance will improve quickly.
• Mesoblast limited (ASX: MSB) has short interest of 9.2%, which is up week on week. Earlier this month Novartis terminated an agreement that could have been worth US$1.25 billion to Mesoblast.
• Zip Co Ltd (ASX: Z1P) has seen its short interest rise to 9.1%. Zip’s shares have come under pressure this month amid reports that US regulators are looking into the BNPL market.
• Webjet Limited (ASX: WEB) has short interest of 8.8%, which is down week on week. The emergence of the Omicron variant has spooked investors and demonstrated that the travel market is not out of the COVID woods just yet.
• BHP Group Ltd (ASX: BHP) has short interest of 8.3%, which is up week on week. Short sellers may have concerns about iron ore demand in China amid the Evergrande crisis.
• Polynovo Ltd (ASX: PNV) has seen its short interest rise to 7.5%. Short sellers have increased their positions despite the medical device company releasing a much-improved sales update this month.
• Appen Ltd (ASX: APX) has entered the top ten with short interest of 7.2%. This appears to have been driven by concerns over structural changes that are reportedly seeing some tech companies bypass artificial intelligence data services providers and taking things in-house.
• AMA Group Ltd (ASX: AMA) is in the top ten with short interest of 7.1%. This crash repair company’s shares have come under pressure this year amid concerns over its precarious balance sheet.

The post These are the 10 most shorted ASX shares appeared first on The Motley Fool Australia.

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• The stories that rocked the ASX 200 in 2021 revisited
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Appen Ltd, Kogan.com ltd, POLYNOVO FPO, and ZIPCOLTD FPO. The Motley Fool Australia owns and has recommended Appen Ltd and Kogan.com ltd. The Motley Fool Australia has recommended Flight Centre Travel Group Limited and Webjet 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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Could the Australia and New Zealand Banking Group Ltd (ASX: ANZ) share price be a buy with its high dividend yield?

As one of the big four ASX banks, being ANZ, Commonwealth Bank of Australia (ASX: CBA), Westpac Banking Corp (ASX: WBC) and National Australia Bank Ltd (ASX: NAB), ANZ is one of the biggest businesses in Australia.

The big four banks typically have lower price/earnings (p/e) ratios and higher dividend payout ratios compared to plenty of other industries. This combination of factors leads to banks usually having quite a high grossed-up dividend yield, which includes the franking credits.

What is the dividend yield expected to be?

Every analyst has different thoughts for what dividends ANZ is going to pay over the next year or two.

For example, in FY22 the broker Morgans thinks that the big bank is going to have a grossed-up dividend yield of 7.6%. Then, in FY23, that dividend yield is expected to grow to 8.5%.

But the brokers at Macquarie Group Ltd (ASX: MQG) don’t think the dividend is going to be quite as big. Analysts there think that ANZ is going to pay a grossed-up dividend yield of 7.5% in FY22 and then 7.6% in FY23.

Other brokers have different estimates too.

How do those estimates compare against the ANZ dividend yield for the last 12 months?

In the past year, ANZ has paid shareholders a grossed-up dividend yield of 7.4%.

Both brokers are expecting the big four bank to grow its dividend in FY22 and also in the following year in FY23.

What is the ANZ share price valuation?

As mentioned, banks typically trade on quite low price/earnings ratios.

According to Macquarie, ANZ shares are valued at 14x FY22’s estimated earnings.

Morgans’ profit forecast puts the ANZ share price at 12x FY22’s estimated earnings.

ANZ suffered a large profit hit during FY20 as the full impact of COVID-19 effects were felt on the business.

However, FY21 was a year of rebuilding the headline profit.

FY21 continuing operations cash profit increased by 65% to $6.2 billion. However, profit before credit impairments and tax was flat at $8.4 billion. Excluding large/notable items on top of that, profit actually dropped 6% to $9.5 billion in FY21.

However, the bank’s leadership recently admitted that the bank has been too slow in processing mortgage applications which led to ANZ losing market share.

The big four bank said that it took urgent action to fix those processing issues by materially increasing its assessment capacity as well as simplifying and automating processes.

Whilst it’s still “early days” with these changes and there is much to do, ANZ said it is seeing improvements in its processing times and a modest return to balance sheet growth.

Is the ANZ share price a buy?

The two brokers mentioned above – Morgans and Macquarie – both think that ANZ is a buy, with price targets that are approximately 10% higher than where it is today.

However, there are quite a few other analysts out there – such as the ones at Credit Suisse and Citi – that think that ANZ is only a hold/neutral at this stage.

The post Is the ANZ (ASX:ANZ) share price a buy with its 8% dividend yield? appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Macquarie Group Limited. 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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There are some ASX dividend shares that have income yields of more than 5%.

Not every business that pays a dividend has large yield.

But some options have impressive yields that can boost investor income quite noticeably:

Charter Hall Long WALE REIT (ASX: CLW)

This real estate investment trust (REIT) owns a diversified portfolio of property assets across a number of sectors including: office buildings, retail, agri-logistics, telecommunication exchanges, service stations, distribution centres and Bunnings properties.

Whilst the portfolio is diversified, there is one thing that links them altogether – they have long rental agreements, providing income visibility and security for investors.

Its biggest four tenants are: government, Telstra Corporation Ltd (ASX: TLS), BP and Endeavour Group Ltd (ASX: EDV).

As noted by the REIT itself, all of its leases have annual rent increased, providing attractive income growth. Around 39% of leases have income growth linked to CPI inflation, with the remaining 61% have fixed annual increases that average 3.1%, providing in-built growth across the portfolio.

At the AGM it said that the ASX dividend share’s portfolio of 550 properties had an occupancy rate of 98.4% with a weighted average lease expiry (WALE) of 12.6 years, with 99% of properties being located in metropolitan locations.

Management said that it has a highly resilient tenant customer base, with 100% of rent received during COVID.

Charter Hall Long WALE REIT recently announced an increase in valuation of $529 million, representing an 8.1% uplift on prior book values to around $7 billion at 31 December 2021. That increased the estimated per forma net tangible assets (NTA) per security to $5.85 – a 14% increase.

It also aims for a 100% payout of rental profit each year.

Citi currently rates it as a buy, with a price target of $5.59. It’s expecting the business to pay a distribution yield of 6% in FY22 and 6.2% in FY23.

Metcash Limited (ASX: MTS)

Metcash is a business that generates earnings from its hardware businesses of Mitre 10, Home Timber & Hardware and Total Tools. It also makes money by supplying various supermarket and liquor businesses including Cellarbrations, The Bottle-O, IGA Liquor, Duncans, Thirsty Camel, Big Bargain, IGA and Foodland.

The business is now targeting a dividend payout ratio of around 70% of underlying profit. This led to Metcash increasing its interim dividend by 31% to 10.5 cents per share.

The ASX dividend share continues to see sales growth, as well as working on initiatives to improve margins.

In the first five weeks of the second half of FY22, food sales were up 2.3% year on year, liquor sales were up 7.6% and total hardware sales were up another 20.1%.

It’s currently rated as a buy by Credit Suisse, with a price target of $4.55. The broker is expecting Metcash to pay a grossed-up dividend yield of 7% in FY22.

The post 2 ASX dividend shares that could be buys with yields above 5% appeared first on The Motley Fool Australia.

More reading

• Now’s a small window to buy this booming ASX share: expert
• Fed up with term deposits? How to get 10% income from ASX shares
• How will ASX retail shares go in 2022?
• These were the best performing ASX 200 shares last week
• 2 leading ASX dividend shares for compelling income

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended Telstra Corporation Limited. 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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As my colleague discussed here recently, exchange traded funds (ETFs) continue to grow in popularity.

And it isn’t hard to see why. ETFs give investors easy access to a large and diverse number of different shares that they wouldn’t ordinarily have access to. This can be a great way to invest diversely on a limited budget or bolster an already sizeable portfolio.

With that in mind, listed below are three ETFs that could be worth looking at in 2022:

iShares Global Consumer Staples ETF (ASX: IXI)

The first ETF to look at is the iShares Global Consumer Staples ETF. This fund provides investors with access to a large number of global consumer staples companies that produce essential products such as food, tobacco, and household items. Because demand for these types of products is relatively consistent whatever happens in the global economy, this ETF could be suitable for investors that are looking for low risk options. Among its largest holdings are giants such as Coca-Cola, Nestle, PepsiCo, Procter & Gamble, Unilever, and Walmart.

iShares S&P 500 ETF (ASX: IVV)

Another ETF for investors to consider is the iShares S&P 500 ETF. This ETF gives investors exposure to the top 500 U.S. stocks. The ETF manager, BlackRock, believes this can be useful for investors seeking to diversify internationally. The fund manager also notes that it offers long-term growth opportunities for a portfolio. Among the companies included in the fund are Amazon, Apple, Disney, Facebook, JP Morgan, Johnson & Johnson, Microsoft, Tesla, and Visa.

Vanguard MSCI Index International Shares ETF (ASX: VGS)

Finally, there’s the Vanguard MSCI Index International Shares ETF. It is one of the most popular ETFs on the Australian share market and it isn’t surprising that this is the case. This ETF provides investors with exposure to over 1,500 of the world’s largest listed companies. This means through a single investment you’ll be owning a slice of companies such as Apple, Johnson & Johnson, Nestle, Procter & Gamble, and Visa.

The post Here are 3 top ETFs for ASX investors in 2022 appeared first on The Motley Fool Australia.

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• Could 2022 be a good year for the Vanguard International Shares ETF (ASX:VGS)?
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• VGS vs VAS: Which ETF comes out on top?

Motley Fool contributor 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 and has recommended BETANASDAQ ETF UNITS and Vanguard MSCI Index International Shares ETF. The Motley Fool Australia owns shares of and has recommended BETANASDAQ ETF UNITS and BetaShares Asia Technology Tigers ETF. The Motley Fool Australia has recommended Vanguard MSCI Index International Shares ETF. 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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If you’re a fan of growth shares, then you may want to look closely at the shares listed below.

Here’s why these could be growth shares to buy:

Breville Group Ltd (ASX: BRG)

The first ASX growth share to look at is Breville. It is one of the world’s leading appliance manufacturers and has been growing at a consistently solid rate for the last decade.

The good news is that Breville has been tipped to continue this positive form in the future. This is thanks to the popularity of its brands, its international expansion, acquisitions, favourable consumer trends, and its continued investment in R&D.

The team at Morgans is positive on Breville. And while it notes that its shares trade at a premium to the market average, it feels this is justified.

Its analysts explained: “We see this premium as justified given the prospect for multi-year, globally-derived organic revenue growth at or above 10%. This prospect is only likely to be solidified by the increased investment in product development and marketing, coupled with margin expansion.”

Morgans has an add rating and $34.00 price target on its shares. This compares to the latest Breville share price of $30.88.

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. At the last count, there were over 30,000 tradies using the platform, which is underpinning strong growth across all its key metrics.

And while it is generating meaningful revenue at present, it is still only scratching at the surface of its huge market opportunity. This provides Hipages with a very long runway for growth according to the team at Goldman Sachs.

It said: “We see meaningful growth opportunity from here: HPG currently captures only 2.4% of industry GMV; of the GMV it does service, the take rate is low compared to other vertical marketplaces. We forecast a 24% revenue CAGR and a 38% EBITDA CAGR from FY21-FY24E and despite near term reinvestment, we expect solid operating leverage over the long term with our terminal year (FY31E) EBITDA margin reaching 44%.”

Goldman Sachs has a buy rating and $5.15 price target on its shares. This compares to the latest Hipages share price of $3.87.

The post Why analysts are bullish on these ASX growth shares appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Hipages Group Holdings Ltd. 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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