Are you looking to invest $10,000 into ASX growth shares? If you are, it could be worth considering the three ASX listed below that brokers rate as buys.
Here's what you need to know about these shares:
Lovisa Holdings Ltd (ASX: LOV)
The first ASX growth share that could be a buy is fashion jewellery retailer, Lovisa.
Bell Potter is very bullish on the company's long-term outlook due to its global expansion plans and low price points. The latter could prove important now consumers are watching what they spend.
The broker currently has a buy rating and a $29 price target on its shares. This implies a potential upside of 49% from current levels, which would turn a $10,000 investment into almost $15,000.
Objective Corporation Limited (ASX: OCL)
Another ASX growth share that could be a buy is Objective Corp. It is a software company that provides content, collaboration, and process management solutions to the public sector.
The team at Goldman Sachs is positive on the company thanks to the strong demand it is experiencing in a defensive sector. Its analysts expect this to support earnings per share growth greater than 20% in both FY 2024 and FY 2025.
Goldman has a buy rating and $14.55 price target on Objective Corp's shares, which suggests a potential upside of 39% for investors. If Goldman is on the money with its recommendation, a $10,000 investment would become $13,900.
Pilbara Minerals Ltd (ASX: PLS)
Finally, Pilbara Minerals could be another ASX growth share to buy. It is the lithium giant behind the world-class Pilgangoora Project.
Thanks to its low costs and production expansion plans, analysts at Macquarie are tipping big earnings and dividends from the company in the near term. It is for this reason that the broker has an outperform rating and a $7.30 price target on its shares. This implies a potential upside of 69% for investors, which would turn a $10,000 investment into $16,900.