3 top ASX growth shares that could be buys

These growth shares could be in the buy zone…

| More on:
a happy investor with a wide smile points to a graph that shows an upward trending share price

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 interested in adding some growth shares to your portfolio, now could be a good time to look at the shares below.

Here's why they are rated highly by analysts:

Altium Limited (ASX: ALU)

The first growth share to consider is Altium. It is an award-winning printed circuit board (PCB) design software provider. Over the last few years, it has carved out a leading position in this growing market. Altium is now aiming to take things to the next level and dominate the market with its cloud-based Altium 365 product.

Credit Suisse is positive on the company. It currently has an outperform rating and $42.00 price target. This compares to the latest Altium share price of $35.39.

Aristocrat Leisure Limited (ASX: ALL)

Another ASX growth shares to look at is Aristocrat Leisure. It is one of the world's leading gaming technology companies. While the pandemic hit Aristocrat hard, it has bounced back strongly in recent quarters and appears to be winning market share. Pleasingly, despite casinos reopening, its digital business continues to grow strongly and generate significant recurring revenues.

Citi is a fan of the company. It has a buy rating and $46.60 price target on its shares. This compares to the latest Aristocrat Leisure share price of $43.37.

REA Group Limited (ASX: REA)

Finally, REA Group could be an ASX growth share to consider buying. It is the dominant player in real estate listings in the Australian market. This puts it in a fantastic position to benefit from the housing market boom. In addition to this, cost cutting, new revenue streams, price increases, and acquisitions look set to give its sales and earnings a boost.

Macquarie is feeling very bullish on REA Group. Its analysts currently have an outperform rating and $185.00 price target on its shares. This compares to the current REA Group share price of $154.05.

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 Altium. The Motley Fool Australia owns shares of and has recommended Altium. The Motley Fool Australia has recommended REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

A happy young couple lie on a wooden deck using a skateboard for a pillow.
Share Gainers

These were the best-performing ASX 200 shares in March

These shares made their shareholders smile in March thanks to some very big gains.

Read more »

Businessman using a digital tablet with a graphical chart, symbolising the stock market.
Opinions

2 ASX shares I have been buying in 2024!

I’m a believer in the long-term outlook of these stocks.

Read more »

Stock market chart in green with a rising arrow symbolising a rising share price.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a massive day for the ASX 200, with a new all-time high recorded.

Read more »

A man sits thoughtfully on the couch with a laptop on his lap.
Technology Shares

This ASX tech stock rocketed 60% in March! Can it keep on delivering?

After soaring in March, the ASX tech stock is now up 169% since this time last year.

Read more »

Broker Notes

Brokers name 3 ASX shares to buy now

Here's why brokers are feeling bullish about these three shares this week.

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Burgundy Diamond Mines, Clarity Pharmaceuticals, EML, and Zip are sinking today

These ASX shares are ending the week in the red. But why?

Read more »

A young women pumps her fists in excitement after seeing some good news on her laptop.
Share Gainers

Why Mesoblast, Newmont, Pilbara Minerals, and Platinum shares are jumping

These ASX shares are ending the week strongly. But why?

Read more »

a young boy dressed up in a business suit and tie has a cute grin and holds two fingers up.
Opinions

2 of my top ASX 200 shares to consider buying before April

I would happily exchange dollars for these two shares right now.

Read more »