If you're looking for growth shares, then look no further. Listed below are three ASX growth shares which have been tipped for strong growth in the future.
Here's why analysts have rated them as buys:
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Breville Group Ltd (ASX: BRG)
The first growth share that could be in the buy zone is Breville. It is a leading appliance manufacturer responsible for a number of popular brands. These include the Kambrook, Sage and Breville brands. The team at Morgans is very positive on the company. This is due partly to its global expansion, burgeoning product pipeline, and favourable consumer trends. Morgans recently put an add rating and $32.00 price target on its shares.
Hipages Group Holdings Ltd (ASX: HPG)
Another ASX growth share to look at is Hipages. This leading Australian-based online platform and software as a service (SaaS) provider connects consumers with trusted tradies. While the first half of FY 2022 was disappointing due to the impact of lockdowns on its tradie subscriptions, a big improvement is expected in the second half. Goldman Sachs remains positive and notes that Hipages has a compelling long term growth opportunity as it scales to become the leading trade services marketplace in Australia. The broker currently has a buy rating and $3.60 price target on its shares.
NEXTDC Ltd (ASX: NXT)
A final growth share that could be a buy is NEXTDC. It is a leading data centre operator which appears well-placed to benefit from the structural shift to the cloud thanks to its world class network of centres and expansion into edge centres. Citi is a fan and currently has a buy rating and $14.55 price target on NEXTDC's shares. It believes the conversion of Hyperscale customer commitments in Sydney and Melbourne will be the next key growth catalyst.
