If you're like me and have a penchant for ASX growth shares, then it could be worth checking out the two listed below.
Analysts at Goldman Sachs are very bullish on these shares and are tipping some strong gains over the next 12 months.
Here's what the broker is saying about them:
Temple & Webster Group Ltd (ASX: TPW)
Goldman Sachs is a big fan of Australia's leading pure-play online retailer of furniture and homewares.
Its analysts believe it could be an ASX growth share to buy thanks to its major long term market opportunity.
The broker highlights that Temple & Webster has a leadership position in a retail category that is still only in the early stages of shifting online. In addition, it believes the company is well-placed due to the category's high barriers to entry and its specialised approach to e-commerce.
All in all, the broker is forecasting "a 21% 10-yr EBITDA CAGR driven by consolidation of market share and growing online penetration."
Goldman has a buy rating and $6.50 price target on the company's shares.
Xero Limited (ASX: XRO)
Another ASX growth share that Goldman is raving about is Xero. It is a New Zealand based cloud accounting platform provider taking on the world (of accounting).
At the last count, Xero had a total of 3.3 million subscribers globally. And while this is undoubtedly a large number and underpinning huge revenues, it is still only a small slice of its market opportunity.
Goldman Sachs notes that Xero has a "compelling global growth story" thanks to it total addressable market (TAM) of ~45 million+ subscribers.
It is also worth noting that Xero recently revealed major cost cutting plans that will supercharge its earnings growth in the coming years.
Goldman Sachs has a buy rating on Xero's shares with a $116.00 price target.
