3 fantastic ASX shares to buy this month

Pushpay Holdings Group Ltd (ASX:PPH) and these ASX shares could be among the best options for investors in April. Here's why…

| More on:
Young woman in yellow striped top with laptop raises arm in victory

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

There certainly are a lot of options for investors to choose from on the Australian share market.

But three that could be fantastic options right now are listed below. Here's what you need to know about them:

Adore Beauty Group Limited (ASX: ABY)

The first ASX share to look at is Adore Beauty. Australia's leading online beauty retailer has been growing very strongly during the pandemic. For example, in February the company reported half year revenue of $96.2 million and EBITDA of $5.2 million. This was up 85% and 188%, respectively, over the prior corresponding period. Positively, thanks to the shift online and its growing active customer base, Adore Beauty appears well-placed to continue its positive form over the coming years.

UBS is positive on Adore Beauty. It appears confident its strong market position and growing customer numbers will underpin further strong growth in the future. UBS currently has a buy rating and $6.20 price target on its shares. 

Goodman Group (ASX: GMG)

Another ASX share to consider buying is Goodman Group. It is a leading integrated commercial and industrial property group that owns a high quality portfolio of assets. Positively, many of its assets have exposure to structural tailwinds such as ecommerce and the digital economy. As a result, they look likely to be in demand with customers for a long time to come. This should be supportive of strong rental income and distribution growth over the next decade.

Macquarie is a fan of Goodman. This morning the broker retained its outperform rating and $20.39 price target on its shares.

Ramsay Health Care Limited (ASX: RHC)

A third ASX share to consider buying is Ramsay Health Care. It is a leading private healthcare company with operations across the world. After struggling during the height of the pandemic, Ramsay has bounced back strongly in recent months and is now benefiting from a backlog in surgeries. Looking ahead, the company looks well-placed for long term growth thanks to increasing demand for healthcare services due to ageing populations.

Macquarie is also positive on the company. Last month it reaffirmed its outperform rating and $75.00 price target on Ramsay's shares.

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. recommends Adore Beauty Group Limited. The Motley Fool Australia has recommended Ramsay Health Care Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Growth Shares

a happy investor with a wide smile points to a graph that shows an upward trending share price
Growth Shares

Here are the top five ASX 200 shares in Macquarie's model growth portfolio

These ASX 200 shares are highly rated by analysts at Macquarie.

Read more »

a man with a wide, eager smile on his face holds up three fingers.
Growth Shares

3 ASX shares to buy in 2024 and hold for the next 10 years

Analysts think these top shares are in the buy zone right now.

Read more »

A man leans forward over his phone in his hands with a satisfied smirk on his face although he has just learned something pleasing or received some satisfying news.
Growth Shares

4 ASX growth shares I think will benefit from interest rate cuts in 2024

Not only will home loan holders rejoice, investors of these stocks could also be yelling with joy when the Reserve…

Read more »

A smiling woman sits in a cafe reading a story on her phone about Rio Tinto and drinking a coffee with a laptop open in front of her.
Growth Shares

3 of the best ASX growth shares to buy now

Analysts see plenty of upside for these buy-rated shares.

Read more »

A man and woman in an office look at a laptop and discuss investing, budget strategies or other financial concepts
Growth Shares

Here's why analysts love these buy-rated ASX 200 growth shares

There's a reason analysts are feeling bullish about these companies.

Read more »

A woman with strawberry blonde hair has a huge smile on her face and fist pumps the air having seen good news on her phone.
Growth Shares

Big returns could be coming for high-flying Lovisa shares

Morgans doesn't believe it is too late to snap up this hot stock.

Read more »

Smiling young parents with their daughter dream of success.
Growth Shares

Why these ASX 200 growth shares could be top buys now

Analysts are feeling bullish about these growth stocks. Let’s see what they’re saying.

Read more »

Concept image of a man in a suit with his chest on fire.
Growth Shares

Ignore the noise and buy this hot ASX growth stock

A recent pullback may have created a buying opportunity according to Bell Potter.

Read more »