If you have room for some new portfolio additions in June, then it could be worth considering the three ASX growth shares listed below.
Here's what you need to know about these buy-rated shares:
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Aristocrat Leisure Limited (ASX: ALL)
The first ASX growth share to buy could be Aristocrat Leisure. It is one of the world's leading gaming technology companies. Morgans is a fan of the company. It highlights Aristocrat's positive "long-term growth potential, given its superior capitalisation and strong ability to invest in the development of its land-based and digital gaming businesses." It also likes that the company has "ample funding for investment in online RMG, even following the recent buyback extension."
Morgans has an add rating and $45.00 price target on its shares.
Lovisa Holdings Limited (ASX: LOV)
Another ASX growth share that could be a buy is fast-fashion jewellery retailer Lovisa. Morgans also believes that it could be a top long term option due to its huge global expansion plans. Its analysts have suggested 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.
Readytech Holdings Ltd (ASX: RDY)
A final ASX growth share that could be a buy is Readytech. It is a leading provider of mission-critical software-as-a-service (SaaS) solutions for the education, workforce management, government and justice sectors. Goldman Sachs is very positive on the company's outlook due partly to its exposure to government software. It notes that this "has been a pocket of strength and resilience" and expects it to help "deliver mid-teens organic growth at an expanding profit margin through the cycle."
Goldman has a buy rating and $4.40 price target on its shares.
