Thankfully for growth investors, there are plenty of ASX 200 growth shares to choose from on the Australian share market.
To narrow things down, I have picked out three growth shares that analysts are tipping as buys. Here's what you need to know about them:
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Flight Centre Travel Group Ltd (ASX: FLT)
The team at Morgans thinks that Flight Centre could be an ASX 200 growth share to buy right now.
The broker was pleased with the travel agent's FY 2023 performance and remains positive on its future. It "thinks the company is well placed over coming years" because the "travel recovery has much further to go and the benefits of FLT's transformed business model [are] emerging."
Morgans has an add rating and a $26 price target on its shares.
NextDC Ltd (ASX: NXT)
Another ASX 200 growth share that could be a buy is NextDC. It owns a growing network of world-class data centre facilities across Australia and the Asia-Pacific region.
Goldman Sachs is a big fan of NextDC due to "the rapid growth in cloud adoption" and "the significant demand by both public and private investors for digital infrastructure assets." It currently has a buy rating and a $15.80 price target on its shares.
Xero Limited (ASX: XRO)
A final ASX 200 growth share that has been named as a buy is Xero. It is a cloud-based accounting and business services platform provider to small businesses. At the last count, Xero had 3.7 million subscribers. This may be a large number but it is still well short of its estimated total addressable market of 45 million subscribers. This provides Xero with a significant long-term growth runway.
Citi is bullish and has a buy rating and a $141.90 price target on its shares.
