Are you looking to add some growth shares to your portfolio?
If you are, three ASX 200 growth shares that could be worth considering are listed below. Here's why analysts are tipping them as buys:
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Altium Limited (ASX: ALU)
The first ASX 200 growth share to look at is Altium. It is an industry-leading printed circuit board (PCB) design software provider. PCBs are the boards you find inside almost all electronic devices and are integral to their operation. Thanks to Altium's dominant position in the market, management appears confident in its outlook and is aiming to double its revenue in the coming years.
Macquarie is positive on the company. It currently has an outperform rating and a $49.70 price target on Altium's shares.
Breville Group Ltd (ASX: BRG)
Breville could be another ASX 200 growth share to buy according to analysts. It is the kitchen appliance manufacturer behind popular brands such as Sage, Kambrook, and of course the eponymous Breville brand. In addition, the company has been making acquisitions to grow its presence in the at-home coffee market.
Morgan Stanley is positive on the company and believes it is well-positioned for growth over the coming years. It has an overweight rating and a $29 price target on its shares.
Life360 Inc (ASX: 360)
A final ASX 200 growth share that has been tipped as a buy is Life360. It is a location technology company behind the popular Life360 app, which has almost 60 million active users. This app offers families features such as communications, driver safety, and location sharing.
Goldman Sachs is very bullish on the company due to its "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 has a buy rating and a $10.50 price target on the company's shares.
