Are you interested in adding some ASX growth shares to your portfolio this month? If you are, you may want to look at the three listed below that have recently been named as buys.
Here's what you need to know about these ASX growth shares:
Breville Group Ltd (ASX: BRG)
The first ASX growth share to look at is leading appliance manufacturer Breville. It could be worth considering due to its positive long term growth outlook which is underpinned by a combination of favourable industry tailwinds, its investment in research and development, and ongoing global expansion. The team at Morgans is very positive on the company and expects Breville to "deliver double-digit sales growth consistently over the next few years." Morgans currently has an add rating and $25.00 price target on its shares.
Domino's Pizza Enterprises Ltd (ASX: DMP)
Another ASX growth share that could be in the buy zone is Domino's. This pizza chain operator could be a top option due to its strong brand, ongoing investment in technology, and expansion plans. The latter sees the company aiming to more than double its store network by FY 2033 in existing markets. In addition, the company has the balance sheet strength to add to its network with acquisitions, extending its market opportunity further. And while Domino's is having a tough time this year, the headwinds it is facing are only expected to be temporary. As a result, the team at Citi believe recent share price weakness could be a buying opportunity. The broker has a buy rating and $92.95 price target on its shares.
Webjet Limited (ASX: WEB)
A final ASX growth share for investors to look at is this online travel agent. Unsurprisingly, Webjet was hit incredibly hard by the pandemic. The good news is that travel markets are now rebounding and the company expects to become profitable again in the near future. And with its costs reduced materially from pre-pandemic levels, Webjet will be a much more efficient business in the future. It is for this reason that Goldman Sachs is a big fan of Webjet. Its analysts currently have a buy rating and $6.90 price target on its shares.
