If you're looking for growth shares to buy, then you may want to consider the two listed below that brokers are bullish on.
Here's what you need to know about these growth shares:
Breville Group Ltd (ASX: BRG)
The first ASX growth share to look at is Breville. It is a leading appliance manufacturer behind a range of brands.
It has been growing at a solid rate over the last decade and this is expected to continue in FY 2022. In fact, a recent presentation reveals that Breville expects its earnings before interest and tax (EBIT) in FY 2022 "to be consistent with the markets' consensus forecast of ~$156m." This will be a 14.3% increase from FY 2021's EBIT of $136.4 million.
Morgans is a fan of Breville and believes it is well-placed for strong growth in the coming years.
In our opinion, BRG deserves to trade at a premium multiple. It is positioned to deliver double-digit sales growth consistently over the next few years as it grows its market share, notably in geographies into which it has recently launched. Our rating remains ADD.
The broker currently has an add rating and $32.00 price target on its shares.
Nitro Software Ltd (ASX: NTO)
Another ASX growth share that analysts rate highly is Nitro. It is a technology company that provides businesses of all size with integrated PDF productivity and eSignature tools.
Its shares have been hit hard this year due to weakness in the tech sector, which has been felt hardest among loss-making companies. And while Nitro is still some way from being profitable, it has a strong balance sheet.
Goldman Sachs is bullish due to Nitro's long term growth potential. It commented:
We appreciate that a material re-rate likely requires a change in sentiment towards unprofitable tech companies, however we think NTO screens attractively relative to tech peers and on a longer-term view. Our focus now shifts to NTO's execution on its pipeline of new business and e-sign cross-sell opportunities, with concerns over balance sheet now eased. We see NTO as an attractive long-term growth opportunity at a discounted valuation.
The broker currently has a buy rating and $2.35 price target on the company's shares.