These excellent ASX 200 growth shares are buys: brokers

Don't miss out on these highly rated stocks if you're a growth investor.

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If you have room for some new portfolio additions and a penchant for ASX 200 growth shares, then it could be worth looking at the three listed below.

Here's what you need to know about these buy-rated shares:

Life360 Inc (ASX: 360)

The first ASX 200 growth share to look at is this location technology company.

Goldman is very positive on Life360 due to its long-term growth opportunity. It highlights that it is "exposed 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 a $10.50 price target on its shares.

Lovisa Holdings Limited (ASX: LOV)

Another ASX 200 growth stock that has been named as a buy is fashion jewellery retailer Lovisa.

Analysts at Morgans believe it could be a top long-term option due to its store expansion plans. In fact, the broker has previously stated 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 a $27.50 price target on its shares.

TechnologyOne Ltd (ASX: TNE)

A final ASX 200 growth share that could be a buy is enterprise software provider TechnologyOne.

Goldman Sachs is also very positive on the company and believes it is well-positioned for growth. Despite this, it highlights that its shares trade at a discount to peers.

The broker notes: "On an earnings multiple basis we show that TNE trades at a discount to SaaS peers when adjusting for its growth outlook, and we believe TNE's dominant market position, defensive end markets and mission-critical systems can command a premium valuation."

Goldman has a buy rating and a $18.30 price target on Technology One's shares.

Motley Fool contributor James Mickleboro has positions in Life360. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group, Life360, Lovisa, and Technology One. The Motley Fool Australia has recommended Lovisa and Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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