If you have room for some new portfolio additions in June, then it could be worth looking at the three ASX 200 growth stocks listed below.
Here's what you need to know about these buy-rated shares:
Breville Group Ltd (ASX: BRG)
The first ASX 200 growth stock that has been tipped as a buy is leading appliance manufacturer, Breville.
Analysts at Goldman Sachs are very positive on the company. In fact, they believe it is well-placed to continue its solid growth in the coming years thanks partly to the "strong premium coffee in-home consumption trend and competitive advantage in premium brand and product."
The broker currently has a buy rating and $22.70 price target on its shares.
Life360 Inc (ASX: 360)
Another ASX 200 growth stock to look at is this location technology company.
Goldman is also very positive on Life360. Its analysts are very bullish on the company's long-term outlook, highlighting that it is "exposed to a US$12bn global TAM with a large opportunity to expand its product suite, grow average revenue per paying circle (ARPPC), increase payer conversion, and lift penetration rates outside of the US."
Goldman Sachs has a buy rating and $8.35 price target on its shares.
Lovisa Holdings Limited (ASX: LOV)
A final ASX 200 growth stock that has been named as a buy is fashion jewellery retailer Lovisa.
Analysts at Morgans believe it could be a top long term option due to the popularity of its affordable offering and its huge global expansion plans. In respect to the latter, its analysts feel that "LOV may just prove to be one of the biggest success stories in Australian retail. LOV is showing every sign of becoming a global brand."
Morgans has an add rating and $28.50 price target on its shares.
