Investors looking for ASX 200 growth shares to buy might want to look at the three listed below.
These shares have been named as buys and tipped to climb meaningfully from current levels. Here's what you need to know:
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Altium Limited (ASX: ALU)
The first ASX 200 growth share to buy could be Altium. It is a printed circuit board (PCB) design software provider on a quest to dominate its market.
This certainly would be a great market to dominate given how demand for this type of specialist software is expected to increase strongly in the future. This is thanks to a number of tailwinds such as artificial intelligence and the Internet of Things megatrends.
Morgan Stanley is positive on the company's outlook. It currently has an overweight rating and $43.50 price target on its shares.
Pilbara Minerals Ltd (ASX: PLS)
Another ASX 200 growth share that has been named as a buy is Pilbara Minerals. It is a lithium miner with a collection of high quality assets in tier one mining jurisdictions.
While lithium prices have been softening, they are still trading at a level that means the miner is generating significant free cash flow. Combined with its production expansion plans, this bodes well for its earnings and dividends in the future.
That's if Pilbara Minerals isn't acquired in the meant time amid heightened M&A activity in the lithium industry. Morgans, for example, has suggested that the company could be an attractive takeover target for a miner wanting immediate lithium exposure.
Another broker that is positive on the lithium miner is Macquarie. It has an outperform rating and lofty $7.70 price target on its shares.
WiseTech Global Ltd (ASX: WTC)
A final ASX 200 growth share that has been named as a buy is WiseTech Global. It is the logistics solutions company behind the popular CargoWise One platform.
CargoWise is integral to the global logistics industry. So much so, it continues to report growth in all key metrics, which is underpinning stellar recurring revenue. And given how difficult it would be for a company to switch to a different platform, these revenues are very sticky and its churn levels are ultra low. In light of this, WiseTech Global appears well-placed for growth in the coming years.
Ord Minnett believes that this will be the case. It has an accumulate rating and $90.00 price target on its shares.
