Are you looking to add some growth shares to your portfolio this month?
If you are, three ASX growth shares that could be worth considering are listed below. Here's why analysts are tipping them as buys:
Altium Limited (ASX: ALU)
The first ASX growth share that has been named as a buy is Altium. It is a printed circuit board (PCB) design software provider. PCBs are the boards you find inside electronic devices. They are integral to the operation of the device and specialist software is required to design them. Thanks partly to the internet of things boom, Altium has a huge and growing market to grow into over the next decade and beyond. This bodes well for its earnings growth, particularly given its leadership position in the market.
Morgan Stanley is positive on the company. It currently has a buy rating and $43.50 price target on its shares.
Aristocrat Leisure Limited (ASX: ALL)
Another ASX growth share to consider buying this month is Aristocrat Leisure. It is one of the world's leading gaming technology companies with a world-class portfolio of pokie machines and digital/mobile games. The latter has millions of daily active users playing games such as Cashman Casino, Gummy Drop, Mech Arena, and RAID. In addition, the company recently entered the potentially lucrative real money gaming market with a deal with MGM and is undertaking a major share buyback.
Citi is a fan of the company and has a buy rating and $42.80 price target on its shares.
Pilbara Minerals Ltd (ASX: PLS)
A final ASX growth share to buy could be Pilbara Minerals. It is one of the world's leading lithium miners with a collection of high quality assets that are generating significant free cash flow. And while recent pressure on lithium prices has weighed on sentiment, the team at Morgans believe prices could recover. In addition, the broker believes the company could be an attractive takeover target. It notes that "[w]ith assets in operation it would offer an acquirer immediate exposure to spodumene and hydroxide."
Morgans currently has an add rating and $5.30 price target on this lithium miner's shares.
