If you have room for some new portfolio additions, then it could be worth considering the three ASX 200 growth shares listed below.
Here's what brokers are saying about these buy-rated shares:
Aristocrat Leisure Limited (ASX: ALL)
The first ASX 200 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 and has it on its best ideas list. The broker 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 notes that the company has "ample funding for investment in online RMG [real money gaming]."
Morgans has an add rating and a $45 price target on its shares.
Breville Group Ltd (ASX: BRG)
Another ASX 200 growth share that has been tipped as a buy is leading appliance manufacturer, Breville. Analysts at Goldman Sachs are very positive on the company and believe it is well-placed to continue its solid growth thanks to the structural growth of premium espresso coffee. It also highlights that "BRG is trading at 21.7x FY24 PE vs 9.0% EPS CAGR which is attractive relative to the rest of our discretionary coverage, the majority of which will be experiencing negative FY22-25 EPS growth."
The broker currently has a buy rating and a $22.50 price target on its shares.
Life360 Inc (ASX: 360)
A final ASX 200 growth share to look at is this location technology company. Goldman is also a fan of Life360. This is due to the company's positive long-term outlook, which is underpinned by its exposure 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 an $8.35 price target on Life360's shares.
