3 quality ASX growth shares to buy in February

Bravura Solutions Ltd (ASX:BVS) shares are one of three that I think growth investors ought to consider in February…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

a woman

A new month is upon us, so what better time to look through our portfolios and see if there are any new additions that could be made to take it to the next level.

If you're a fan of growth shares then I think the three listed below could be worth considering in February:

Bravura Solutions Ltd (ASX: BVS)

Bravura Solutions is the fintech company behind the hugely popular Sonata wealth management platform. I've been very impressed at the way the platform has been growing over the last few years. In fact, its growth has been so strong that it has now become the company's biggest contributor to earnings. Due to its massive addressable market and the quality of the product, I expect the platform to put Bravura Solutions in a position to deliver above-average earnings growth over the coming years.

ResMed Inc (ASX: RMD)

Last week this sleep treatment medical device provider's shares crashed 12% lower after its solid second quarter result fell short of the market's lofty expectations. Unfortunately, unless its U.S. listed shares rebound strongly on Wall Street tonight from their 19% decline on Friday night, its ASX listed shares are likely to fall further when the market reopens on Tuesday. While this is disappointing, I think it is an opportunity to buy the shares of one of Australia's highest quality companies at a fair price.

Webjet Limited (ASX: WEB)

A third and final growth share to consider buying in February is this leading online travel agent. Thanks to the popularity of its numerous B2B and B2C brands, I believe Webjet is well-positioned to achieve its aim of continuing to grow bookings at many times the industry average over the medium term. After a solid start to the year management expects EBITDA growth of 26% in FY 2019, excluding the benefits of the Destinations of the World acquisition.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Bravura Solutions Ltd. The Motley Fool Australia has recommended ResMed Inc. and 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.

More on Growth Shares

Robot humanoid using artificial intelligence on a laptop.
Growth Shares

Why Megaport just landed its biggest ever AI infrastructure contract

Megaport has had a great week. It seems large clients are starting to appreciate its vertically integrated product offering.

Read more »

A graphic image of the world globe surrounded by tech images is superimposed on the setting of an office where three businesspeople are speaking together while standing.
Growth Shares

Is the TechnologyOne share price an opportunity too good to pass up?

Should investors look at this tech stock as a great opportunity?

Read more »

A man leaps as high as he can over his friends into a pool.
Share Market News

Down 42% this year, is it time to jump into Life360 shares?

Crashing shares: golden opportunity or value trap?

Read more »

Soldier in military uniform using laptop for drone controlling.
Growth Shares

After a rollercoaster start to the year, are Droneshield shares headed up?

Droneshield shares look cheap after a rollercoaster past twelve months.

Read more »

Two lab workers fist pump each other.
Growth Shares

Why Pro Medicus shares could still have their best years ahead

Pro Medicus has been through a rough patch. With future growth catalysts and durable competitive advantages, brokers are tipping this…

Read more »

Green arrow going up on stock market chart, symbolising a rising share price.
Growth Shares

2 exciting ASX shares to buy with big growth potential!

Fund managers are excited about the prospective returns of these stocks.

Read more »

A couple are happy sitting on their yacht.
Growth Shares

Retire rich with these ASX growth shares

These companies will have ups and downs, but their long-term opportunities could make them worth holding for years.

Read more »

A young girl child empties coins out of her piggy bank with mum smiling over her shoulder.
Growth Shares

Down 50%, these 2 ASX growth shares look too cheap to ignore

Here's 2 beaten-down ASX growth shares to buy in May.

Read more »