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If you’re looking for growth shares, then look no further. Listed below are two ASX growth shares which have been tipped for strong growth in the future.

Here’s why analysts have rated them as buys:

Dicker Data Ltd (ASX: DDR)

The first growth share to look at is Dicker Data. It is a leading technology hardware, software, and cloud distributor with over 44 years of experience and over 8,000 reseller partners across the ANZ region. From its new state of the art distribution centre, the company distributes a wide portfolio of products from the world’s leading technology vendors. This includes Cisco, Citrix, Dell Technologies, Hewlett Packard Enterprise, HP, Lenovo, Microsoft, and other Tier 1 global brands.

The team at Morgan Stanley is very positive on Dicker Data’s outlook thanks to ongoing industry tailwinds. As a result, it recently commenced coverage on the company with an overweight rating and $16.00 price target.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another growth share to look at is Domino’s. It is one of the world’s largest pizza chain operators with stores across the ANZ, Asia-Pacific, and European regions. At the end of the first half, the company had a total of approximately 3,200 stores across its network. While this is a large number, management still sees plenty of expansion opportunities. In fact, it is aiming to double its store network in existing markets by 2033. It also has the balance sheet capacity to expand into other markets through acquisitions.

Morgans is bullish on the company. It currently has an add rating and $115.00 price target on Domino’s shares. It said: “DMP remains a growth story. It has a platform to deliver a positive trajectory of sales and earnings as its store rollout strategy continues and network efficiencies increase.”

The post Experts name 2 stunning ASX growth shares to buy now appeared first on The Motley Fool Australia.

More reading

• Why Clinuvel, Dicker Data, Healius, and Uniti shares are rising today
• Top ASX dividend shares to buy in March
• Why CSL, Dicker Data, Elders, and Virtus Health shares are charging higher
• Leading brokers name 3 ASX shares to buy today
• 2 fantastic ASX 200 growth shares to buy according to analysts

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 Dicker Data Limited. The Motley Fool Australia owns and has recommended Dicker Data Limited. The Motley Fool Australia has recommended Dominos Pizza Enterprises 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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The largest listed investment company (LIC), Australian Foundation Investment Co. Ltd (ASX: AFI), has billions of dollars invested in S&P/ASX 200 Index (ASX: XJO) shares.

AFIC’s investment style is to buy shares in listed companies and hold them for the medium to long-term. It aims to reduce costs with minimal transacting, generating “sound, tax-efficient, long-term returns.” AFIC does not seek to trade business cycles.

By combining the benefits of investing in quality companies with diversification, the AFIC investment process seeks to produce attractive returns with lower volatility.

What counts as quality for AFIC?

AFIC says that it looks for ASX shares that are in attractively structured industries with unique, high-quality assets, brands and/or business footprints that can withstand the business cycles.

It looks for company leadership strength, with disciplined financial metrics covering returns on investment, profit margins, cash flow and gearing. The AFIC view is that those businesses will generate superior returns over the long term.

What ASX 200 shares does the LIC own?

AFIC has a diversified portfolio of many names. However, on 28 February 2022, there were nine positions where it had more than $250 million invested in each holding:

Commonwealth Bank of Australia (ASX: CBA) was 8.6% of the portfolio, with $738.3 million allocated.

BHP Group Ltd (ASX: BHP) was 7.5% of the portfolio, with $649.8 million allocated.

CSL Limited (ASX: CSL) was 7.2% of the portfolio, with $616.5 million allocated.

Macquarie Group Ltd (ASX: MQG) was 4.6% of the portfolio, with $398.9 million allocated.

Transurban Group (ASX: TCL) was 4.2% of the portfolio, with $365.4 million allocated.

Wesfarmers Ltd (ASX: WES) was 4.1% of the portfolio, with $355.3 million allocated.

Westpac Banking Corp (ASX: WBC) was also 4.1% of the portfolio, with $354.6 million allocated.

National Australia Bank Ltd. (ASX: NAB) was 3.7% of the portfolio, with a $322.8 million allocation.

Woolworths Group Ltd (ASX: WOW) was 3% of the portfolio, with $254.6 million allocated.

As readers can see, these are very large bets on the nine different ASX 200 shares, demonstrating investment confidence by AFIC.

Recent AFIC investments

While the above businesses are the current holdings, AFIC’s most recent investments may indicate where it has recently seen long-term value.

Four of the ASX shares it has invested in recently include CSL, Transurban, JB Hi-Fi Limited (ASX: JBH) and Coles Group Ltd (ASX: COL).

AFIC thinks that Transurban has a good track record of allocating capital, which has driven long-term free cash flow higher. The LIC is expecting a recovery for Transurban in FY23. The toll road operator also has an attractive pipeline of potential opportunities, according to AFIC.

Another ASX 200 share that AFIC has recently invested in is CSL, a huge biotechnology business that specialises in the treatment of rare diseases and influenza. AFIC likes CSL’s track record of achieving growth while investing around 10% of global sales into research and development. AFIC is also a fan of the Vifor Pharma acquisition, which is a new growth area for CSL treating kidney disease and iron therapy.

The post Which ASX 200 shares is AFIC (ASX:AFI) betting on to make money? appeared first on The Motley Fool Australia.

More reading

• The company outperformed when it last reported, so why has the CSL share price been languishing?
• 3 buy-rated blue chip ASX 200 shares according to experts
• Why expert says this supermarket ASX share is a better bet than Woolworths (ASX:WOW)
• Worried about how rising petrol prices might impact the Transurban (ASX:TCL) share price? Read this
• Do ASX biotech shares offer ‘good buying’ after the sell-off? Experts weigh in

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 CSL Ltd. The Motley Fool Australia owns and has recommended COLESGROUP DEF SET and Wesfarmers Limited. The Motley Fool Australia has recommended Macquarie Group Limited and Westpac Banking Corporation. 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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Are you looking for dividend shares to buy? If you are, the two listed below could be worth considering.

Both are rated as buys and tipped to offer investors with attractive yields. Here’s what you need to know:

Charter Hall Social Infrastructure REIT (ASX: CQE)

The first ASX dividend share to look at is the Charter Hall Social Infrastructure REIT.

This real estate investment trust invests in social infrastructure properties such as bus depots, police and justice services facilities, and childcare centres.

Analysts at Goldman Sachs are very positive on the company and currently have a conviction buy rating and $4.20 price target on its shares. Goldman highlights that Charter Hall Social Infrastructure performed positively during the first half, delivering solid like for like rental growth and reporting 100% occupancy and a weighted average lease expiry of 14.6 years.

Looking ahead, the broker expects more of the same in the future. This is expected to underpin dividends per share of 17.2 cents in FY 2022 and 18.3 cents in FY 2023. Based on its current share price of $3.99, this implies yields of 4.3% and 4.6%, respectively.

Westpac Banking Corp (ASX: WBC)

Another dividend share that is highly rated is Australia’s oldest bank, Westpac.

The team at Morgans currently has an add rating and $29.50 price target on its shares. The broker believes Westpac can achieve its cost cutting targets and is optimistic that its margin outlook isn’t as bad as the market thinks.

Morgans also notes that it “offers the most compelling valuation of the major banks” and “is positioned relatively defensively due to its loan book being more skewed to Australian home lending.”

In respect to dividends, Morgans has pencilled in fully franked dividends per share of $1.19 in FY 2022 and $1.60 in FY 2023. Based on the latest Westpac share price of $23.62, this will mean yields of 5% and 6.75%, respectively.

The post Analysts name 2 ASX dividend shares to buy right now appeared first on The Motley Fool Australia.

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• 25% upside and healthy yield: Why this broker is bullish on the Westpac share price
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• Analysts name the best ASX 200 dividend shares to buy now
• What are the real benefits of ESG investing? Here’s what Westpac says

Motley Fool contributor James Mickleboro owns Westpac Banking Corporation. 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 Westpac Banking Corporation. 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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On Tuesday, the S&P/ASX 200 Index (ASX: XJO) was on form again and stormed higher. The benchmark index jumped 0.8% to 7,341.1 points.

Will the market be able to build on this on Wednesday? Here are five things to watch:

ASX 200 expected to rise again

It looks set to be another strong day for the Australian share market on Wednesday. According to the latest SPI futures, the ASX 200 is expected to open the day 25 points or 0.35% higher this morning. In late trade on Wall Street, the Dow Jones is up 0.7%, the S&P 500 is up 1.1%, and the Nasdaq is up a sizeable 2%. The latter bodes well for Aussie tech shares.

Oil prices ease

Energy producers such as Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a subdued day after oil prices eased. According to Bloomberg, the WTI crude oil price is down 0.7 % to US$111.30 a barrel and the Brent crude oil price has fallen 0.3% to US$115.33 a barrel. Traders appear to have been taking a bit of profit off the table following a recent surge.

Nickel Mines shares rated as a buy

The Nickel Mines Ltd (ASX: NIC) share price could be in the buy zone according to analysts at Bell Potter. This morning the broker retained its buy rating and lifted its price target on the nickel producer’s shares to $1.88. This follows news that PT Oracle Nickel Industry (ONI), the operating entity housing the Oracle Nickel RKEF project, has been granted material corporate tax relief. It notes that this removes an expense of ~US$50 million per annum from its estimates for ten years.

Gold price falls

Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a poor day after the gold price weakened. According to CNBC, the spot gold price is down 0.4% to US$1,922 an ounce. This was driven by the US Federal Reserve’s hawkish comments about rate hikes.

Dividends being paid

A number of ASX 200 shares will be paying shareholders their latest dividends today. Among the companies paying dividends are stock exchange operator ASX Ltd (ASX: ASX), healthcare company Sonic Healthcare Limited (ASX: SHL), and energy giant Woodside Petroleum Limited (ASX: WPL). Elsewhere, the Seek Limited (ASX: SEK) share price could fall today when it trades ex-dividend.

The post 5 things to watch on the ASX 200 on Wednesday appeared first on The Motley Fool Australia.

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• What is a ‘dead cat bounce’ and is the ASX 200 in one right now?
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Motley Fool contributor James Mickleboro owns SEEK Limited. 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 SEEK Limited and Sonic Healthcare 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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Small-cap investors have been going grey over the first 80 days of the year, with the S&P/ASX Small Ordinaries (ASX: XSO) index down 8% so far in 2022.

Resources stocks held up that index, so most non-mining small-cap ASX shares have, in fact, been far more devastated than 8%.

But some experts argue the sell-off has been excessive for certain companies.

After all, the businesses themselves are no different to the end of last year. Much of the downturn in share price has been due to external factors, such as rising interest rates and war in Europe.

As such, Firetrail small companies portfolio manager Matthew Fist recently picked out 2 ASX shares — one growth and one value — that he would buy right now.

Aussie company going gangbusters in the US

Ardent Leisure Group Ltd (ASX: ALG) has been a favourite among small-cap fund managers in the past year, and it remains so for Fist.

While the company is best known to Australians for operating big theme parks like Dreamworld on the Gold Coast, its big money spinner is actually in the US.

“Over 90% of the value of Ardent Leisure is now contained within its US chain of family entertainment centres, called Main Event,” he told a Pinnacle webinar.

Main Event centres are huge warehouse-style indoor entertainment venues, with facilities like arcade games, ten-pin bowling and family restaurants all sitting under the same roof.

“They’re far higher-returning and far better investments than traditional theme park assets.”

Fist explained that when his team researched Main Event’s biggest rival Dave & Buster’s Entertainment Inc (NASDAQ: PLAY), they were shocked to find, for an equivalent site, the latter was reaping 40% more profit. 

Fortunately for Ardent, prominent executive Gary Weiss realised this disparity three years before Firetrail and had bought a major stake in the company. He subsequently became chair and proceeded to restructure the Main Event business.

“Today these Main Event sites are actually outperforming Dave & Buster’s.”

Ardent shares closed down 1.51% on Tuesday at $1.305. They have lost about 3% since the start of the year.

ASX tech share its customers are addicted to

Megaport Ltd (ASX: MP1) shares have painfully lost 40% of their value since November.

As a virtual network provider, the company has been caught up in the general sell-off of growth and technology shares.

But it’s gone too far, reckons Fist.

“There are some growth stocks that are high quality, and they’ve been unfairly sold off… Megaport is one such opportunity.”

Fist explained how so much of computing in recent years has moved to the cloud, but the pipes between homes, businesses and data centres have not kept pace with the massive growth in traffic.

This is where Megaport comes in, enabling business clients to dial up or down their network capacity.

“Megaport is a global leader in what it does, and is a future-focused business,” he said.

“If you become a Megaport customer, in the first year you’re going to spend $1. Every single year after that, you increase the amount you spend with Megaport by 45%.”

This metric told Fist’s team that Megaport’s services are invaluable to its customers.

“This makes Megaport, in our view, one of the highest quality companies on the ASX.”

Megaport shares finished Tuesday 0.08% lower at $13.05.

The post 2 small-cap ASX shares ready to take you on a ride appeared first on The Motley Fool Australia.

More reading

• Here are 3 ASX growth shares analysts are tipping as buys
• ASX 200 (ASX:XJO) midday update: Energy shares rise on oil price jump, Megaport sinks
• Megaport (ASX:MP1) share price sinks 7% after $39m founder share sale
• Top fund manager reveals 2 smart ASX shares to buy
• 5 things to watch on the ASX 200 on Friday

Motley Fool contributor Tony Yoo owns MEGAPORT FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended MEGAPORT FPO. The Motley Fool Australia has recommended MEGAPORT FPO. 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 at such low levels, at least for now, income investors may want to look at the dividend shares listed below for a source of income.

Here’s why these two ASX dividend shares have been rated as buys:

BHP Group Ltd (ASX: BHP)

The first ASX dividend share to look at is BHP. With commodity prices booming and tipped to remain at favourable levels for some time to come, this mining giant is well-placed to generate significant free cash flow.

This positions the Big Australian to reward shareholders with big dividends again in FY 2022 and FY 2023.

And although the BHP share price has rallied strongly on the back of rising commodity prices, the team at Macquarie still see plenty of value here. Last week the broker retained its outperform rating and lifted its price target to $61.00.

As for dividends, Macquarie is forecasting fully franked dividends per share of ~$5.22 in FY 2022 and then ~$3.61 in FY 2023. Based on the current BHP share price of $48.82, this implies yields of 10.7% and 7.4%, respectively.

Charter Hall Long WALE REIT (ASX: CLW)

Another dividend share for income investors to look at is the Charter Hall Long Wale REIT. This REIT manages a wide range of listed and unlisted property funds for institutional and retail investors with a focus on office, industrial, and retail sectors.

The company recently added to its portfolio with the acquisition of ALE Property with Hostplus for ~$1.7 billion. This added ~78 hotel properties across the five mainland states that are all leased to Endeavour Group Ltd (ASX: EDV).

Analysts at Citi are positive on the Charter Hall Long Wale REIT. The broker currently has a buy rating and $5.71 price target on its shares. It was pleased with its first half performance and sees upside risk to guidance.

In respect to dividends, Citi is forecasting dividends per share of 30.8 cents in FY 2022 and 30.9 cents in FY 2023. Based on the current Charter Hall Long Wale REIT share price of $5.31, this will mean yields of ~5.8%.

The post Analysts expect big yields from these ASX dividend shares appeared first on The Motley Fool Australia.

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• Why is the Fortescue (ASX:FMG) share price underperforming BHP today?
• Why Beach, BHP, New Hope, and ResApp shares are charging higher
• The BHP share price is up 5% today. What’s going on?
• ASX 200 (ASX:XJO) midday update: BHP and New Hope storm higher, Boral slumps
• Why has the BHP share price dropped 7% in 2 weeks?

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 looking for tech shares, then look no further. Listed below are two ASX shares which have been tipped for strong growth in the future.

Here’s why analysts have rated them as buys:

Hipages Group Holdings Ltd (ASX: HPG)

The first ASX tech share to look at is Hipages. This leading Australian-based online platform and software as a service (SaaS) provider connects consumers with over 30,000 trusted tradies (and growing). It also provides tradies with the Tradiecore app, which is designed to ease the burden of everyday admin for trade businesses.

And while the first half of FY 2022 was disappointing due to the impact of lockdowns on its tradie subscriptions, Goldman Sachs remains positive and expects a big improvement in the second half.

It commented: “Despite near term volatility, nothing in this result changes our positive view on HPG: we believe HPG presents a compelling long term growth opportunity as it scales to become the leading trade services marketplace in Australia.”

The broker currently has a buy rating and $3.60 price target on its shares.

NEXTDC Ltd (ASX: NXT)

Another tech share that could be a buy is NEXTDC. It is a leading data centre operator which appears well-placed to benefit from the structural shift to the cloud thanks to its world class network of centres and expansion into Asia and edge centres. Citi certainly expects this to be the case and is forecasting strong growth over the coming years.

The broker said: “NXT delivered a strong result with increasing utilisation of Gen 2 assets driving solid revenue growth and margin expansion, while revenue metrics improved HoH (revenue per MW up 7% HoH). While the current backlog underpins FY23e earnings, we have lowered our forecasts to reflect a slower ramp and conversion of the pipeline. We maintain our Buy call and see the conversion of Hyperscale customer commitments in Sydney and Melbourne as the next key catalyst.”

Citi has a buy rating and $14.55 price target on NEXTDC’s shares.

The post 2 fantastic ASX tech shares analysts rate as buys appeared first on The Motley Fool Australia.

More reading

• 3 growth shares analysts are tipping to rocket higher
• 2 exciting small cap ASX shares for your watchlist
• 2 fantastic ASX 200 growth shares to buy according to analysts
• 2 buy-rated small cap ASX shares analysts believe have 60%+ upside
• 2 ASX shares to buy now that are NOT mining stocks

Motley Fool contributor James Mickleboro owns NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Hipages Group Holdings Ltd. The Motley Fool Australia owns and 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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The Beach Energy Ltd (ASX: BPT) share price has had a good week on the back of rising oil prices.

The energy company’s shares have climbed 6.5% since market close on March 15. In today’s trade, the Beach Energy share price finished 3.17% ahead at $1.63.

Let’s take a look at what might be impacting the Beach Energy share price.

Oil prices

Beach Energy shares have likely jumped amid rising oil prices in the past week. International benchmark Brent crude oil prices have risen from US$99.91 per barrel to US$118.61 per barrel since 15 March, Trading Economics data shows. This is a nearly 19% lift in the oil price.

Oil prices jumped 7% in overseas markets overnight, as my Foolish colleague James reported today. Tightening supply is continuing to impact oil prices.

Global oil prices surged after reports European Union nations were considering a Russian oil embargo, Aljazeera reported. The US President Joe Biden has been holding talks with EU governments aimed at hardening the West’s response to Moscow for invading Ukraine.

This rise in prices is likely to have impacted the Beach Energy share price, given its position as an oil and gas exploration and development company.

Similarly, Beach Energy is not the only ASX energy share to rise in the past week. The Santos Ltd (ASX: STO) share price has climbed 7.6% since market close on 15 March, while Woodside Petroleum Limited (ASX: WPL) has climbed 3.7%. Meanwhile, the S&P/ASX 200 Energy Index (ASX: XEJ) has risen nearly 5% in the same time frame.

Mizuho Bank has named two factors pushing oil prices higher, CNBC noted — the continuing Russia and Ukraine uncertainty along with hope China’s COVID impact could be less severe than expected.

In recent news, Beach Energy announced on 2 March it would sell off some of its assets in the Cooper Basin. Bass Oil Ltd (ASX: BAS) has entered a sale and purchase agreement with a subsidiary of Beach Energy.

Beach Energy share price snapshot

The Beach Energy share price has descended nearly 7% in the past 12 months but is exploding 29% year to date. For comparison, the  S&P/ASX 200 Index (ASX: XJO) has returned nearly 9% over the past year.

In the past month alone, Beach Energy shares have soared by 10%.

Beach Energy has a market capitalisation of about $3.7 billion.

The post Why has the Beach Energy (ASX:BPT) share price leapt 6% in a week? appeared first on The Motley Fool Australia.

More reading

• Why Beach, BHP, New Hope, and ResApp shares are charging higher
• 5 things to watch on the ASX 200 on Tuesday
• Why ASX 200 energy shares are trouncing the index today
• 5 things to watch on the ASX 200 on Friday
• 5 things to watch on the ASX 200 on Wednesday

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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When Coles Group Ltd (ASX: COL) first hit the ASX boards as its own company back in late 2018, it wasted little time establishing its dividend credentials. The famous Australian grocer had been a wholly-owned subsidiary of Wesfarmers Ltd (ASX: WES) for around a decade before it was pushed out of the Wesfarmers nest at roughly $12.50 a share. Wesfarmers shareholders were entitled to receive one new Coles share for every Wesfarmers share already owned.

Today, we can say with the benefit of hindsight that the spinoff has been of great reward to both parties. Coles shares closed at $17.67 this afternoon, a good 37.6% above the price they first commanded on the ASX back in 2018. And Wesfarmers shares have gone on to add close to 50% to their value since the spinoff too.

But now Coles has had a few years under its belt as a standalone company, let’s take a look at how its dividend chops have developed.

So Coles’ first full year of paying dividends came in 2020. That was after some messy financial untangling from Wesfarmers, which included a special dividend, was undertaken over 2019. In 2020, the grocer paid out two fully franked dividends – an interim payment of 30 cents per share, and a final dividend of 27.5 cents per share. 2021 saw Coles build on that record. It doled out an increased interim dividend of 33 cents per share, as well as the final dividend of 28 cents. Again, both payments were fully franked.

Can Coles keep the dividend train coming?

Kicking off 2022, the company kept its interim dividend steady at a fully franked 33 cents per share. And that brings us to the present.

But what does the future hold for Coles? Can it keep its dividends rising every year?

Well, of course, we can’t know for sure. But one ASX expert investor thinks Coles can rise to the challenge.

As my Fool colleague James covered on Sunday, broker Citi is expecting big things from Coles’ dividend department. The broker reckons Coles will fork out a total of 65 cents per share in dividends over FY2022. Since we’ve already covered Coles’ interim 33 cents per share dividend for FY22, that would imply a final dividend of 32 cents per share. That, if enacted, would be a hefty increase on Coles’ final dividend from FY21.

But it gets better for Coles investors. Citi is also pencilling in dividends worth 72 cents per share for FY2023. So that would be another sizeable jump. That might explain why this broker has a 12-month share price target of $19.30 in place for Coles shares right now. That would imply an upside of just over 9% on current pricing.

At the current Coles share price, the ASX 200 blue chip share has a market capitalisation of $23.5 billion, with a dividend yield of 3.45%.

The post Broker: The Coles (ASX:COL) dividend will keep rising appeared first on The Motley Fool Australia.

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• What is a ‘dead cat bounce’ and is the ASX 200 in one right now?
• Lucky 13? The QBE Insurance share price is now up 13% in 2 weeks
• Today is the last hurrah for API. What does this mean for Wesfarmers (ASX:WES) shares?
• These 3 ASX 200 shares are topping the volume charts on Tuesday
• This quality ASX 200 share is trading on its ‘cheapest multiple for the past 5 years’

Motley Fool contributor Sebastian Bowen 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 COLESGROUP DEF SET and Wesfarmers 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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If you’re a fan of growth shares, then you may want to look closely at the three shares listed below.

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

Altium Limited (ASX: ALU)

The first growth share for investors to look at is Altium. It is the electronic design software provider behind the Altium 365 and Altium Designer platforms. In addition, the company owns the Nexus collaboration platform and the Octopart search engine for electronic parts. All of Altium’s platforms have exposure to the printed circuit board (PCB) market, which is growing strongly thanks to favourable industry trends such as Internet of Things (IoT) and artificial intelligence.

The team at Bell Potter is bullish on Altium and is forecasting strong growth in the coming years. It currently has a buy rating and $38.75 price target on the company’s shares.

Breville Group Ltd (ASX: BRG)

Another ASX growth share to look at is Breville. It is the leading appliance manufacturer behind the Baratza, Kambrook, Sage, and eponymous Breville brands. Thanks to its ongoing investment in product development, these brands have been resonating well with consumers for many years. Combined with its international expansion, this has supported solid sales and earnings growth over the last decade. Pleasingly, the team at Morgans expect this to continue and is forecasting double-digit sales growth over the next few years.

Morgans currently has an add rating and $32.00 price target on its shares.

Megaport Ltd (ASX: MP1)

A final ASX growth share that could be a buy is Megaport. It is a leading cloud connectivity and networking solutions provider with operations across a large number of data centres globally. Megaport has been tipped to grow rapidly in the coming years by Goldman Sachs thanks to the long-term structural tailwinds of public cloud adoption (and multi-cloud usage) and the transition towards Networking as a Service (NaaS). Goldman estimates that these tailwinds currently provide it with a $129 billion per annum opportunity across its current geographies.

The broker has a buy rating and $19.90 price target on its shares.

The post Here are 3 ASX growth shares analysts are tipping as buys appeared first on The Motley Fool Australia.

More reading

• These 2 ASX shares are growing rapidly, are they unstoppable?
• ASX 200 (ASX:XJO) midday update: Energy shares rise on oil price jump, Megaport sinks
• Megaport (ASX:MP1) share price sinks 7% after $39m founder share sale
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• Is the Altium (ASX:ALU) share price too cheap to ignore?

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 Altium and MEGAPORT FPO. The Motley Fool Australia has recommended MEGAPORT FPO. 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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