If you’re interested in adding some growth shares to your portfolio, then you may want to take a look at the ones listed below.
Here’s why they have been rated as buys:
Breville Group Ltd (ASX: BRG)
The first growth share to look at is this appliance manufacturer.
Breville has been growing at a consistently solid rate for a number of years. This has led to the company’s shares providing investors with market-beating returns over the last five years.
The good news is that its growth doesn’t look likely to be ending any time soon. Thanks to a combination of growing demand, acquisitions, and its international expansion, Breville has been tipped as a company that could continue growing its sales for some time to come.
That is certainly the view of analysts at UBS. They appear confident in its long term growth story thanks to product launches and its expansion into new markets. The broker currently has a buy rating and $35.70 price target on its shares.
REA Group Limited (ASX: REA)
Another ASX growth share to consider is REA Group. It is the dominant player in real estate listings in the Australian market.
Over the last few years, the company has been battling tough trading conditions. But thanks to the strength and resilience of its business model, the company came out on top.
The good news is that the tide is now turning and trading conditions are becoming very favourable. So, after cutting costs materially and introducing new revenue streams, the company looks set to reap the rewards as demand for listings increases due to the thriving housing market.
This should be supported by its international operations, which have large opportunities of their own.
Morgan Stanley is very positive on REA Group. Its analysts currently have an outperform rating and $172.00 price target on its shares.