There are plenty of ASX 200 growth shares to choose from on the Australian share market. But which ones could be buys in October?
Two growth shares that analysts are tipping as buys are named below. Here's why they are bullish on them:
Flight Centre Travel Group Ltd (ASX: FLT)
The first ASX 200 growth share that could be a buy is travel agent giant Flight Centre.
Morgans is a big fan of the company and sees scope for its earnings growth to far exceed the market's expectations in the coming years. It recently said:
Given we forecast a strong recovery over coming years, we have made only minor changes to our forecasts. However we note that there is substantial upside to consensus estimates if FLT achieves its 2% margin target in FY25. With confidence that the travel recovery has much further to go and the benefits of FLT's transformed business model emerging, we think the company is well placed over coming years.
The broker has an add rating and a $26 price target on its shares.
Lovisa Holdings Ltd (ASX: LOV)
Bell Potter thinks that Lovisa could be another ASX 200 growth share to buy.
It believes the fashion jewellery retailer is well-positioned for growth thanks to its global expansion plans and affordable offering. In respect to its store expansion, the broker said:
We maintain our BUY rating as we remain constructive on the company's ability to execute on a large global roll-out opportunity as a strong player in the fashion jewellery market while remaining relatively better immune to consumer spend pressures given the accessibility of the product from a price point perspective, once comps normalise.
The broker has a buy rating and a $29 price target on its shares.
