If you have room in your portfolio for some ASX 200 growth shares, then it could be worth checking out the three listed below.
They have all been named as buys and tipped to rise strongly from current levels. Here's what you need to know:
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Flight Centre Travel Group Ltd (ASX: FLT)
Morgans believes that Flight Centre could be a top ASX 200 growth share to buy this month.
The broker has been impressed with the travel agent's performance over the last 12 months and believes more of the same is coming. It notes that "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."
Morgans has an add rating and a $26 price target on its shares. This implies a potential upside of almost 40% for investors.
Lovisa Holdings Limited (ASX: LOV)
Another ASX 200 growth share that Morgans has tipped as a buy is fashion jewellery retailer Lovisa.
The broker believes that the company could be a great long-term pick due to its global expansion plans. In fact, its analysts have previously highlighted 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. This suggests a potential upside of 30% over the next 12 months.
TechnologyOne Ltd (ASX: TNE)
Finally, Goldman Sachs thinks that enterprise software provider TechnologyOne could be an ASX 200 growth share to buy.
It believes TechnologyOne's shares are great value given its positive growth outlook. 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 $18.05 price target on Technology One's shares, which implies a 20% upside for investors.
