Luckily for Australian growth investors, the ASX is not short of options when it comes to growth shares.
Three top growth shares for investors to look at today are listed below. Here's what you need to know about them:
Aristocrat Leisure Limited (ASX: ALL)
Aristocrat Leisure is a leading gaming technology company Although 2020 has been a very difficult year for its poker machine business, its digital business has performed positively and delivered strong growth. Analysts at Citi expect the company to bounce back in FY 2021 and then build on this in the years that follow. As a result. they have recently retained their buy rating and lifted the price target on its shares to $40.60.
Audinate Group Limited (ASX: AD8)
Audinate is a digital audio-visual networking technologies provider which has been delivering impressive sales growth over the last few years. This is thanks to its Dante product, which is the clear market leader with 8 times as many enabled devices as its nearest rival. And while FY 2020 was a tough year because of the pandemic, the company looks well-placed to bounce back strongly when the crisis passes. UBS has been encouraged by its recovery and notes its strong performance in the first quarter. It has a buy rating and $8.00 price target on its shares.
Kogan.com Ltd (ASX: KGN)
This ecommerce company could be an ASX share to buy, especially if you're looking for long term options. Kogan could be a great buy and hold option due to the structural shift to online shopping and the growing popularity of its website. Management has also been making value accretive acquisitions recently that could accelerate its growth in the coming years. One broker that is positive on the company is Credit Suisse. It recently put an outperform rating and $20.60 price target on its shares.
