Want to give your portfolio a lift with some quality ASX growth shares? Then look no further!
Listed below are three ASX shares that have been named as buys and are tipped to grow strongly over the coming years.
Here's what analysts are saying about them:
Lovisa Holdings Limited (ASX: LOV)
The first ASX 200 growth share that has tipped as a buy is fashion jewellery retailer Lovisa.
The team at Morgans believes that the company could be a great long-term pick due to its global expansion plans. 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.
TechnologyOne Ltd (ASX: TNE)
Over at Goldman Sachs, its analysts think that enterprise software provider TechnologyOne could be an ASX 200 growth share to buy.
The broker believes TechnologyOne's shares are good value based on its positive growth outlook. The broker points out that "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.
WiseTech Global Ltd (ASX: WTC)
Finally, the team at Morgan Stanley believes that WiseTech Global could be an ASX 200 growth share to buy.
It is the logistics solutions company behind the CargoWise One platform, which is integral to the global logistics industry. Strong demand for the platform from industry giants means WiseTech has been growing at a very strong rate in recent years. The good news is that Morgan Stanley believes this can continue for at least another five years.
The broker has an overweight rating and a $85 price target on its shares.
