3 high-quality ASX growth shares to buy in December

Analysts say that these growth shares could be top buys next month.

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If you are a fan of growth shares, then it could be worth considering the three ASX growth shares listed below in December.

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

Lovisa Holdings Ltd (ASX: LOV)

This first ASX growth share to look at is fashion jewellery retailer Lovisa. Morgans is very bullish on the company due to its global expansion plans. It highlights that "LOV 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."

The broker has an add rating and a $27.50 price target on its shares.

Pilbara Minerals Ltd (ASX: PLS)

Another ASX growth share that is rated highly is Pilbara Minerals. It is one of the world's largest lithium miners and the owner of the world-class Pilgangoora Project. Macquarie remains very positive on the company despite falling lithium prices and continues to forecast strong earnings over the coming years.

Macquarie also sees huge upside for its shares with its outperform rating and $7.10 price target.

TechnologyOne Ltd (ASX: TNE)

A final ASX growth share to buy could be TechnologyOne. It is a leading enterprise software provider that transforms the way organisations interact with their customers and communities. Goldman Sachs likes the company due to its defensive earnings and positive growth outlook.

Its analysts highlight that "TNE has executed well on transitioning its customer base to the cloud and driving incremental cross-sell, in our view building the case for sustainable ~10-15% ARR growth with upside to TNE's 115% NRR target."

Goldman has a buy rating and $18.05 price target on Technology One's shares.

Motley Fool contributor James Mickleboro has positions in Lovisa. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group, Lovisa, Macquarie Group, and Technology One. The Motley Fool Australia has positions in and has recommended Macquarie Group. 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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