The recent market volatility means that a number of popular growth shares have been dragged lower over the last few months.
Three that have experienced this are listed below. Is it time to buy these ASX growth stars?
Bellamy's Australia Ltd (ASX: BAL)
Over the last six months the Bellamy's share price has lost over half of its value. As well as market volatility, Bellamy's shares have come under pressure due to the unexpected delay in the company gaining its SAMR accreditation and the sales disruption caused by the launch of a new formulation. While this is certainly disappointing, due to increasing demand from China I think the selloff has created a buying opportunity for patient investors that are willing to hold onto its shares for the long-term.
Bravura Solutions Ltd (ASX: BVS)
The Bravura Solutions share price has dropped 15% since this time last month. This means that the fintech company's shares are now changing hands at a little under 30x earnings, which I think is an attractive entry point for investors. Especially given the strong growth potential of its popular Sonata wealth management platform. This platform has underpinned the company's impressive earnings growth in recent years and looks set to continue doing so in the years to come thanks to its sizeable market opportunity.
NEXTDC Ltd (ASX: NXT)
This data centre operator's shares have fallen 22% from their 52-week high of $8.19. Although this still means that NEXTDC's shares are changing hands on a sky high multiple, I believe it is positioned perfectly to deliver earnings growth that justifies this premium. Especially after it recently reported that a surge in demand for its data centre services means it has had to pull forward capacity expansion plans. Though it is worth remembering that its shares are a high risk option and could come under pressure if its growth fails to materialise as expected.
