2 excellent ASX growth shares to buy and hold

These growth shares could be top buy and hold options…

There are a lot of growth shares to choose from on the Australian share market.

To help narrow things down, I have picked out two ASX growth shares that have been rated as buys. They are as follows:

chart showing an increasing share price

Image source: Getty Images

Breville Group Ltd (ASX: BRG)

The first ASX growth share to look at is Breville. is one of the world's leading appliance manufacturers. As well as the eponymous Breville brand, it also has the Sage, Kambrook, and Baratza brands.

Breville has been growing at a consistently solid rate for the last decade and looks well-placed to continue this trend over the next decade. This is thanks to the popularity of its brands, its international expansion, acquisitions, favourable consumer trends, and its continued investment in R&D.

Morgans is very positive on the company's future and expects further strong growth in the coming years. As a result, its analysts have recently put an add rating and $34.00 price target on Breville's shares.

Domino's Pizza Enterprises Ltd (ASX: DMP)

Another ASX growth share to look at is this pizza chain operator. Domino's has also been growing at a consistently solid rate for over a decade thanks to the popularity of its offering and the expansion of its footprint.

Pleasingly, the future looks very positive for the company thanks to its bold expansion plans.

For example, Domino's started FY 2022 with a total of 2,974 stores across its network. While this is undoubtedly a huge number, management is aiming to more than double this to 6,650 stores by 2033.

And it is worth noting that this is just in the markets that it is already operating in. Management highlighted that it has expanded its debt facilities, at lower margins, ensuring sufficient resources for further strategic acquisitions.

Citi is a fan of the company. It currently has a buy rating and $159.05 price target on Domino's 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. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Dominos Pizza Enterprises 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

Three happy team mates holding the winners trophy.
Growth Shares

A rare buying opportunity in 1 of Australia's top shares?

This fast-growing business looks like a top buy.

Read more »

Work colleagues discussing finance charts and graphs on a laptop computer and tablet in their office.
Growth Shares

Why these are my favourite ASX growth shares to buy and hold

I think these three businesses could look much larger five or ten years from now.

Read more »

Person pointing at an increasing blue graph which represents a rising share price.
Opinions

These are the best 3 ASX growth shares I own and I'd buy more of today

I’m bullish about the earnings potential of these three ASX growth shares.

Read more »

A group of young ASX investors sitting around a laptop with an older lady standing behind them explaining how investing works.
Growth Shares

Droneshield vs Xero: Which ASX tech stock is the better buy for a young growth investor?

Which stacks up better on fundamentals and recent price action?

Read more »

Stock market board with green numbers.
Growth Shares

This is an exciting ASX growth share that experts think is a buy

This stock has a lot of growth potential.

Read more »

Man smiling ahead while working on his MacBook.
Growth Shares

I searched for the next great ASX compounder. These shares deserve attention

I believe these shares could deliver strong returns for patient investors.

Read more »

Buy now written on a red key with a shopping trolley on an Apple keyboard.
Growth Shares

2 ASX shares highly recommended to buy: Experts

Analysts are excited about these two ASX stocks…

Read more »

Piles of increasing coins alongside an hourglass.
Growth Shares

Zip vs WiseTech: Which is the superior ASX growth stock today?

We dive into Zip vs WiseTech to see which ASX tech share looks better placed for strong growth from here.

Read more »