If you're a fan of growth stocks like I am, then I have good news for you.
A couple of high quality shares with bags of growth potential have recently been named as buys. Here's why brokers are bullish on them:
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Breville Group Ltd (ASX: BRG)
Goldman Sachs has named this appliance manufacturer as an ASX growth stock to buy.
The broker is very positive on the company and highlights that it is exposed to some powerful trends. This includes the at-home coffee market, which Breville has material exposure to following some recent acquisitions.
Combined with its international expansion and ongoing research and development investment, Goldman believes Breville can grow its revenue and EBITDA by a compound annual growth rate of 7.6% and 11.1%, respectively, between FY 2022 and FY 2025. Not bad given the tough economic environment it is operating in.
Goldman has a buy rating and $22.70 price target on the company's shares.
Corporate Travel Management Ltd (ASX: CTD)
Over at Morgans, its analysts are bullish on this corporate travel booker and have named it as an ASX growth stock to buy.
The broker believes Corporate Travel Management is well-placed for growth over the medium term thanks to acquisitions, its lower cost base, and technology development.
It highlights that "CTD should be a materially larger business post COVID given it has made two highly accretive acquisitions during the downturn. The company has also won a lot of new business, implemented structural cost-out opportunities and continued to develop its market-leading technology."
Morgans currently has an add rating and $24.00 price target on its shares.
