3 excellent ASX growth shares you need to know about

Looking for growth? Check out these shares…

| More on:
A man holds up his hand with 3 fingers up

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

If you're looking to add some growth shares to your portfolio, then you might want to take a look at these shares listed below.

Here's why these ASX shares could be top options for growth investors:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The first option for growth investors to look at is an ETF that is invested in a group of growth shares. The BetaShares Asia Technology Tigers ETF provides investors with easy access to some of the most exciting tech companies in the Asian market. These are the companies that are leading Asia's technological revolution and have been tipped to grow strongly over the long term. Particularly given the region's younger and tech savvy population.

Among the companies included in the fund are the likes of Alibaba, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, & Tencent.

Hipages Group Holdings Ltd (ASX: HPG)

Another ASX growth share to look at is Hipages. It is a leading Australian-based online platform and software as a service (SaaS) provider. The company's platform connects tradies with residential and commercial consumers, providing job leads from homeowners and organisations looking for qualified professionals. Its platform continues to grow in popularity with both consumers and tradies. This is underpinning strong sales growth in FY 2021.

Analysts at Goldman Sachs are very positive on the company's future. In fact, they see a huge growth runway ahead of it. Last week the broker retained its buy rating and lifted its price target by 20% to $4.10.

WiseTech Global Ltd (ASX: WTC)

A final growth share to consider is WiseTech Global. It is the logistics solutions company behind the popular CargoWise One platform. This platform allows users to execute complex logistics transactions and manage freight operations from a single, easy to use platform. It appears well-placed to continue its strong growth long into the future. This is thanks to its high quality platform, strong market position, and growing freight volumes globally. It also looks set to benefit from its customers making acquisitions, which is expected to lead to increased usage.

Morgan Stanley has an overweight rating and $35.00 price target on its shares.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO and Hipages Group Holdings Ltd. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. 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

Man pointing an upward line on a bar graph symbolising a rising share price.
Growth Shares

4 top ASX growth shares to buy and hold

Analysts think these stocks are in the buy zone right now.

Read more »

Young woman using computer laptop smiling in love showing heart symbol and shape with hands. as she switches from a big telco to Aussie Broadband which is capturing more market share
Growth Shares

Here are 4 exciting ASX growth stocks that brokers love in 2024

Brokers think investors should be snapping up these growth stocks.

Read more »

A girl is handed an oversized ice cream cone with lots of different flavours.
Growth Shares

How I'd use ASX growth shares to turn $1,000 into $10,000

Choosing the right growth shares can add plenty of bang to your buck.

Read more »

a man in a business suit points his finger amid a digitised map of the globe suspended in the air in front of him, complete with graphs, digital code and glyphs to indicate digital assets.
Investing Strategies

Future focus: How to diversify your portfolio with ASX AI ETFs

Looking for a simple and effective way to capitalise on the growth of AI technologies across global markets?

Read more »

chart showing an increasing share price
Growth Shares

Buy these excellent ASX growth shares for 15% to 20% returns

Analysts think big returns could be on the cards for owners of these shares.

Read more »

Man drawing an upward line on a bar graph symbolising a rising share price.
Growth Shares

These ASX 200 growth shares could rise 12% to 30%

Analysts think big returns could be on offer from these shares.

Read more »

Man in an office celebrates at he crosses a finish line before his colleagues.
Growth Shares

Hoping to beat the ASX 200? I'd consider buying these 3 ASX shares

Analysts think these shares can outperform the market.

Read more »

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

5 top ASX growth shares to buy in April

Analysts think growth investors should be buying these shares.

Read more »