Are you on the lookout for ASX growth shares to buy in November? Then read on because listed below are a couple that are highly rated by analysts.
Here's why they are tipping them as buys right now:
Image source: Getty Images
Corporate Travel Management Ltd (ASX: CTD)
Goldman Sachs thinks this corporate travel specialist is an ASX growth share to buy in November.
In response to its first quarter update this month, the broker said:
We reiterate Buy on CTD largely due to continued recovery in Travel (albeit recent channel checks suggest slightly slower in corporate travel), and the added industry penetration and concentration to SME travel management, which is CTD's key business focus. […] CTD is targeting a mid-teens double digit EPS CAGR beyond FY25, which is above GSe of mid-high single digit EPS CAGR.
Goldman currently has a buy rating and a $20.50 price target on the company's shares. This suggests a potential upside of almost 25% for investors between now and this time next year from current levels.
Lovisa Holdings Limited (ASX: LOV)
Over at Morgans, its analysts see fast-fashion jewellery retailer Lovisa as a top ASX growth share to buy right now.
The broker likes the company due to its affordable offering and global expansion plans. The latter could include an entry into the China market in the near future. The broker said:
Lovisa grew substantially in FY23 to finish the year with an 801-store network in 39 countries. We believe it plans to enter mainland China in FY24, paving the way for significant longer-term growth.
Morgans has an add rating and a $27.50 price target on its shares. This implies a potential upside of approximately 55% over the next 12 months from current levels.
