If you're a growth investor then you're in luck. This is because the Australian share market is home to a large number of quality shares that have the potential to grow very strongly in the coming years.
Five top growth shares I would buy in January are listed below:
Afterpay Ltd (ASX: APT)
Due to the increasing popularity of its buy now pay later platform, I believe this payments company could be a strong performer again in 2020. Especially given the incredible active customer growth it is experiencing in the United Kingdom and United States markets.
Altium Limited (ASX: ALU)
Due to its key Altium Designer product and its exposure to the rapidly growing Internet of Things market, I believe Altium can grow its revenue and earnings at a very strong rate over the next few years. Combined with its other growing businesses, I believe it is well-positioned to achieve its revenue target of US$500 million by FY 2025.
Appen Ltd (ASX: APX)
Another top growth share to consider buying right now is Appen. It is a fast-growing developer of high-quality, human-annotated training data for machine learning and artificial intelligence. Given how the markets it operates in are expected to grow materially in the future, I believe it can continue its impressive form for many years to come.
Nanosonics Ltd (ASX: NAN)
Nanosonics is a leading infection control specialist. It is best-known for its industry-leading trophon EPR disinfection system for ultrasound probes. I believe it is well-placed for solid long term growth thanks to its sizeable global market opportunity, increasing demand, and the upcoming launch of new products.
Webjet Limited (ASX: WEB)
A final growth share to consider is Webjet. The online travel agent's shares have fallen heavily recently due to the Thomas Cook collapse and concerns over the threat of Google on the travel bookings industry. I think this has left its shares trading at a very attractive price, making it one of the best examples of growth at a reasonable price (GARP) on the ASX.
