With the ASX 200 index under pressure again on Friday, a number of popular growth shares have tumbled lower.
I think this has left many of them trading at very attractive levels for a long term investment. Here's why I would suggest you consider buying these three growth shares once the market settles:
Aristocrat Leisure Limited (ASX: ALL)
I think the recent pullback in this gaming technology company's share price could be a buying opportunity for investors. I continue to believe Aristocrat Leisure could be a great long-term investment option due to the quality of its core pokie machine business and the very positive outlook of its digital business. The latter is generating sizeable recurring revenues in a market which is growing fast thanks to the increasing popularity of mobile and social gaming.
Pushpay Holdings Group Ltd (ASX: PPH)
Another growth share to consider buying is Pushpay. It is a fast-growing donor management platform provider for the faith, not-for-profit, and education sectors. It has been growing its market share in the United States at a rapid rate, leading to stellar recurring revenue growth. Pleasingly, thanks to the quality of its offering and the acquisition of church management system provider Church Community Builder for US$87.5 million, I believe it is well-positioned to continue this positive trend for many more years to come. Especially given how management expects the Church Community Builder business to accelerate its revenue growth and improve its margins once fully integrated.
Webjet Limited (ASX: WEB)
There's no denying that Webjet and its travel booking peers are likely to be hit hard from the coronavirus outbreak. Which is very disappointing given Webjet's impressive performance during the first half, which was driven by further explosive growth from its WebBeds business. And while I suspect that Webjet's shares will remain under pressure until the coronavirus outbreak eases and travel restrictions are lifted, it could still be worth picking up a parcel of shares this month. After all, with its shares trading at a lowly 18x FY 2019 earnings, they look like bargain buys to me.
