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3 exciting mid cap ASX growth shares to buy in November

man holding light bulb next to growing piles of coins
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In the mid cap space I believe there are a good number of shares that have the potential to grow strongly over the next decade, potentially generating market-beating returns for shareholders.

Three which I think would be great options for long-term focused investors are listed below:

Bravura Solutions Ltd (ASX: BVS)

Bravura is a provider of software solutions for the wealth management, life insurance, and funds administration industries. I think it is one of the best options in the mid cap space due to the quality and potential of its hugely popular Sonata wealth management platform. In addition to this, the company has been on a buying spree recently, picking up Midwinter and FinoComp. Both businesses are expected to bolster its offering and open the company up to new and lucrative markets.

Collins Foods Ltd (ASX: CKF)

Collins Foods is one of the region’s largest quick service restaurant operators with 233 KFC stores in Australia, 37 KFC stores in Europe, 5 Taco Bell restaurants in Queensland, and 76 franchised Sizzler restaurants around Asia. The main attraction to the company for me is its European operation. Due to the under penetration of the KFC brand in that market, I believe there is a significant expansion opportunity. This could support solid earnings and dividend growth long into the future.

Megaport Ltd (ASX: MP1) 

Another mid cap share to consider is Megaport. It is an elasticity connectivity and network services company. This service allows its customers to increase and decrease their available bandwidth in response to their own demand requirements. The great thing about this service is that its customers can use the bandwidth they need, rather than be tied to fixed service levels on long-term and expensive contracts. This has proven to be very popular with big businesses, leading to strong customer growth so far in FY 2020. And with the cloud computing boom gathering pace, the future looks bright for Megaport.

These 3 stocks could be the next big movers in 2020

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James Mickleboro owns shares of Collins Foods Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Bravura Solutions Ltd and MEGAPORT FPO. The Motley Fool Australia has recommended Bravura Solutions Ltd, Collins Foods Limited, and MEGAPORT FPO. 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.

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