It certainly is a good time to be a growth investor. Right now, there are a large number of shares on the local market growing their earnings at a rapid rate.
Four top growth shares that I think are amongst the best on the market are listed below. Here's why I would be a buyer of them:
a2 Milk Company Ltd (ASX: A2M)
Due to the increasing demand for a2 Milk Company's infant formula products in the massive China market, it has been growing at a rapid rate in recent years. Pleasingly, demand remains robust and looks set to underpin further strong growth in the years to come. This should be complemented by the expansion of its fresh milk footprint in the United States.
Afterpay Ltd (ASX: APT)
Afterpay is a buy now pay later provider which has been growing at an explosive rate. This has been driven by the increasing popularity of its service with both consumers and merchants in the US, UK, and Australia. I believe Afterpay is only just getting started and expect more strong growth over the next decade. Especially if it expands deeper into Europe and then into other regions.
Altium Limited (ASX: ALU)
Thanks to the rapidly growing Internet of Things (IoT) market, I think this leading provider of printed circuit board (PCB) design software would be a great option for growth investors. This is because the majority of IoT devices have PCBs inside them. As the IoT market grows, I expect demand for its software to do so as well.
Pushpay Holdings Group Ltd (ASX: PPH)
Pushpay is a donor management platform provider for the faith, not-for-profit, and education sectors. It has carved out a big slice of the massive U.S. market in recent years and appears well-placed to continue growing its share over the 2020s. Especially given the recent US$87.5 million acquisition of church management system provider Church Community Builder. This acquisition has strengthened its offering significantly.
