Looking for some additions to your portfolio? Listed below are two ASX 200 growth shares that have been given buy ratings by brokers.
Here's why its analysts rate them highly:
Aristocrat Leisure Limited (ASX: ALL)
The first ASX 200 growth share to buy could be Aristocrat Leisure.
Aristocrat is one of the world's leading gaming technology companies. It has operations spanning poker machines, mobile games, and real money gaming.
The team at Morgans is very positive on the company's long term growth potential. The broker recently commented:
We're optimistic about ALL's long-term growth potential, given its superior capitalisation and strong ability to invest in the development of its land-based and digital gaming businesses. Additionally, ALL has a high cash conversion rate and ROCE, despite running a capital-light model. Additionally, ALL has ample funding for investment in online RMG, even following the recent buyback extension.
Morgans currently has an add rating and $43.00 price target on its shares.
Breville Group Ltd (ASX: BRG)
Another ASX 200 growth share that is rated as a buy is Breville. It is the leading appliance manufacturer behind brands such as Breville, Kambrook, and Sage.
Breville has been growing at a solid rate over the last decade thanks to its highly successful global expansion and product development.
The good news is that more of the same is expected by analysts at Goldman Sachs. In fact, the broker believes Breville can achieve double-digit earnings growth through to at least FY 2025. This is thanks partly to its exposure to the coffee market. It recently said:
We remain supportive of BRG's characteristics as a high quality name in a secular growth category and believe they will be able to demonstrate revenue and EBIT CAGR of 7.6% and 11.1% over FY22-25.
Goldman has a buy rating and $22.70 price target on the company's shares.
