Looking to add some growth shares to your portfolio next week? Listed below are three fast-growing companies that I think could be worth considering.
Here's why I think these ASX growth shares could be top long term investment options:
Bravura Solutions Ltd (ASX: BVS)
Bravura Solutions is a financial technology company best known for the Sonata wealth management platform. This popular wealth management platform allows advisers to connect and engage with clients via computers, tablets, or smartphones. Demand for the platform has been growing very strongly in the past few years and shows no signs of slowing. And together with recent acquisitions that have given Bravura access to new and lucrative markets, I believe it is well-positioned to grow its earnings at a solid rate over the long term.
PolyNovo Ltd (ASX: PNV)
Another growth share to consider buying is PolyNovo. It is the medical device company behind the NovoSorb Biodegradable Temporising Matrix (BTM) product. This product was developed at CSIRO and is a wound dressing intended to treat full-thickness wounds and burns. Its current target market has a massive $1.5 billion addressable opportunity, but management isn't settling for that. It is busy looking to expand its use into hernia and breast treatment markets. If this is successful, it would add $6 billion to its addressable market.
Zip Co Ltd (ASX: Z1P)
This payments company has well and truly broken out of the shadow of Afterpay Ltd (ASX: APT) in 2020 with very impressive sales, customer, and merchant growth. It also announced its expansion into the massive United States market via the acquisition of QuadPay. If the company can make a success of this expansion, it could be destined for further explosive growth over the coming years. And while the Zip Co share price is certainly not cheap after its incredible rise over the last few months, I would still buy its shares if you plan to make a long term investment.
