If you're interested in growth shares then you're in luck, because the majority of them have been indiscriminately sold off this month due to the coronavirus outbreak.
When the market volatility finally eases, I think a good number of them will be bargain buys.
Here are three growth shares to consider buying:
Appen Ltd (ASX: APX)
Appen is the global leader in the development of high-quality, human annotated datasets for machine learning and artificial intelligence. Its platform counts many of the largest tech companies in the world as customers, such as Facebook and Microsoft. It has been growing at an explosive rate in recent years, but looks well-positioned to continue this trend thanks to the increasing spending on machine learning and artificial intelligence by businesses. I expect this to support strong demand for Appen's services and drive stellar top and bottom line growth over the coming years.
Pushpay Holdings Ltd (ASX: PPH)
Another growth share to consider buying is Pushpay. Pushpay is a payments company which provides a donor management system to the faith sector and non-profit organisations in North America and the ANZ region. Its solutions simplify engagement, payments, and administration. This allows users to increase participation and build stronger relationships with their communities. Demand for its system has been growing strongly, leading to very strong recurring revenue growth over the last few years. I believe it is well-placed to continue its strong form over the next decade due to its large addressable market, leadership position, and recent acquisitions.
Webjet Limited (ASX: WEB)
Things are certainly going to be tough for Webjet and fellow travel bookers in 2020. But when the coronavirus outbreak finally passes, I expect tourism and travel markets to rebound strongly. This could make it worth considering an investment in the online travel agent when the volatility passes. Especially if you're prepared to hold onto them for the next decade. I believe Webjet will be a vastly bigger company in 10 years thanks to its rapidly growing WebBeds business.
