If you’re a fan of growth shares like me, then you may want to check out the three highly rated ASX 200 shares listed below.
Here’s why these growth shares are rated highly:
Aristocrat Leisure Limited (ASX: ALL)
The first ASX 200 growth share to look at is Aristocrat Leisure. It is one of the world’s leading gaming technology companies and the name behind many of the most popular pokie machines globally. In addition to this, the company has a growing digital business. It is also worth noting that this business isn’t just about gambling. It has some extremely popular mobile games, such as RAID: Shadow Legends, which are generating significant recurring revenues. Combined, the company appears well-placed for growth over the long term.
Citi is a fan of the company. It has a buy rating and $46.00 price target on its shares. However, as the Aristocrat Leisure share price has just breached this level, investors might want to wait for a pullback.
Kogan.com Ltd (ASX: KGN)
Another ASX 200 growth share to look at is this ecommerce company. While management’s failure to manage its inventory efficiently during the pandemic was bitterly disappointing, it is a key lesson learned. And while this headwind may impact margins in the near term, the long term remains very positive. This is due to its strong market position and the ongoing structural shift to online shopping.
Analysts at Credit Suisse remain positive on Kogan. They currently have an outperform rating and $14.06 price target on its shares.
REA Group Limited (ASX: REA)
A final ASX 200 growth share that could be in the buy zone is REA Group. It is the dominant player in online real estate listings in the Australian market. This puts the company in a very strong 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 boost its sales and earnings in the coming years.
Macquarie is bullish on REA Group. It currently has an outperform rating and $185.00 price target on its shares.