Thankfully for growth investors, there are lots of ASX 200 growth shares to choose from on the Australian share market. But which ones could be buys in December?
Two growth shares that analysts are tipping as buys are named below. Here's what you need to know about them:
Life360 Inc (ASX: 360)
Goldman Sachs is a big fan of this location technology company and sees it as an ASX 200 growth share to buy.
The broker highlights that the company has a significant long-term growth opportunity and trades at a discount to peers. It said:
We estimate Life360 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. […] We see Life360 as reaching a volume/pricing inflection point, with potential structural profitability tailwinds on the horizon from a reduction in effective app store fees. Life360's Subscription business currently trades at a discount to global subscription app peers when adjusting for its superior growth outlook
Goldman Sachs has a buy rating and a $10.50 price target on its shares. This suggests a potential upside of 34% from current levels.
Lovisa Holdings Ltd (ASX: LOV)
Over at Bell Potter, its analysts think that Lovisa could be an ASX 200 growth share to buy.
The broker believes that the fashion jewellery retailer is well-positioned for growth thanks to its large global expansion opportunity. It 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 $25 price target on its shares. This implies a potential upside of 26% for investors.
