If you're a fan of growth shares like I am, then you'll be pleased to hear that a number have recently been rated as buys by leading brokers.
Two such ASX shares are listed below. Here's what analysts at Goldman Sachs are saying about them:
IDP Education Ltd (ASX: IEL)
The first ASX growth share that could be a good option for investors is IDP Education.
It is a provider of international student placement services and English language testing services across the world.
IDP is also the co-owner of the IELTS language test. This is preeminent English language test, which millions of students take each year.
IDP has been growing at a rapid rate since the worst of the pandemic passed and appears well-placed to continue this positive form in the coming years. This is thanks to structural growth and recent acquisitions.
Goldman Sachs is very bullish and is forecasting a 68% three-year earnings per share compound annual growth rate between FY 2021 and FY 2024.
The broker currently has a buy rating and $36.00 price target on its shares.
Temple & Webster Group Ltd (ASX: TPW)
Another ASX growth share that could be a good option for investors according to Goldman Sachs is Temple & Webster.
It is Australia's leading pure-play online retailer of furniture and homewares.
Goldman Sachs believes Temple & Webster is well-placed for long term growth. This is thanks to its leadership position in a retail category that is still only in the early stages of shifting online.
The broker also highlights that the category favours scale players, requires a specialised approach to e-commerce, and has higher barriers to entry. Temple & Webster ticks these boxes.
Goldman has a buy rating and $7.55 price target on the company's shares.
