I’m a big fan of growth shares and feel quite lucky to have such a large collection of high quality ones to choose from on the Australian share market.
But if you’re like me, you may find it hard to decide which ones to buy.
To help you on your way, I’ve picked out three of my favourite growth shares that I think are in the buy zone today. They are as follows:
Altium Limited (ASX: ALU)
I think that this award-winning printed circuit board (PCB) design software provider is one of the best growth shares to buy on the Australian share market. Over the next decade the PCB industry is expected to grow strongly, which I feel puts Altium in a great position to generate significant sales growth thanks to the quality of its products. In addition to this, I expect the company’s fledgling Octopart business to underpin the growth of its core business.
Bravura Solutions Ltd (ASX: BVS)
Another tech share to consider is Bravura Solutions. It is the fintech company responsible for the popular Sonata wealth management platform. This platform has been growing at an incredible rate over the last few years, leading to it becoming the company’s biggest contributor to earnings. The good news is that there is still a significant market opportunity for the product, which I believe means the company’s solid earnings growth could continue for a number of years to come.
Webjet Limited (ASX: WEB)
A third and final growth share to consider buying today is this online travel agent. It has been one of the best performers on the Australian share market over the last decade thanks to its consistently strong earnings growth. The good news is that this run of strong earnings growth is expected to continue in FY 2019 with management forecasting EBITDA growth of 26%. This forecast excludes the acquisition of the Destinations of the World business.
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Altium and Bravura Solutions Ltd. The Motley Fool Australia has recommended Webjet Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.