2 appealing ASX All Ords growth shares getting discounted today

These ASX growth shares are trading lower on Thursday.

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Key points

  • While the broader index is gaining today, it hasn't been such a good day for all ASX All Ords shares
  • Jumbo Interactive and Nitro Software are both suffering significant falls
  • However, experts suggest the future of the two growth shares is bright

It's a good day for many ASX All Ordinaries Index (ASX: XAO) constituents, with the index gaining 0.37% at the time of writing. However, these ASX All Ords growth shares are plummeting lower.

But, with brokers bullish on their future, their Thursday falls may have brought about a buying opportunity.

Let's take a look at what's going on with these ASX All Ords shares and why experts have tipped them to win out.

2 quality ASX All Ords shares trading in the red today

Jumbo Interactive Ltd (ASX: JIN)

ASX All Ords growth share Jumbo Interactive is tumbling 5.3% to trade at $15.44 on Thursday.

It comes after the stock shot 11.5% higher yesterday. That triggered a 'please explain' from the ASX, to which the company responded today.

Perhaps more exciting, however, the internet lottery business has been tipped as a reporting season winner by broker Morgans.

Morgans senior analyst Alexander Mees is expecting the company's full-year results to depict "good growth", my Fool colleague Tony Yoo reported this morning.

The broker estimates Jumbo Interactive's software-as-a-service division will drive its earnings before interest, tax, depreciation, and amortisation (EBITDA) to $55 million. That would mark a 13% year-on-year improvement.

Nitro Software Ltd (ASX: NTO)

Nitro Software is another ASX All Ords growth share with bright horizons trading in the red today. The company's share price is currently down 1.35% at $1.46.

The document productivity company has been tipped as a winner by Bell Potter, The Motley Fool Australia's James Mickleboro reported last week.

The broker likes the company's growing subscription revenue. It also expects Nitro Software to break into positive cash flow territory in the second half of financial year 2023.

Bell Potter has a $2.50 price target on the Nitro Software share price.

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Jumbo Interactive Limited. The Motley Fool Australia has recommended Jumbo Interactive Limited and Nitro Software Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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