If you have space in your portfolio for some new ASX growth shares, then it could be worth checking out the three listed below.
That's because they have all recently been named as buys and tipped to rise meaningfully from current levels.
Here's what you need to know about these growth shares:
Flight Centre Travel Group Ltd (ASX: FLT)
Morgans thinks that Flight Centre could be an ASX growth share to buy right now.
The broker believes the "benefits of FLT's transformed business model" means that the company is "well placed over coming years."
Morgans currently has an add rating and $26.00 price target on its shares. This implies potential upside of 20% for investors from current levels.
Life360 Inc (ASX: 360)
Goldman Sachs believes that location technology company Life360 is another ASX growth share to buy right now.
It highlights that the company's "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."
In addition, the broker sees "potential structural profitability tailwinds on the horizon from a reduction in effective app store fees."
Goldman has a buy rating and $10.50 price target on its shares. This suggests potential upside of 34% from current levels.
TechnologyOne Ltd (ASX: TNE)
Goldman Sachs also thinks that enterprise software provider TechnologyOne could be an ASX growth share to buy this month.
Its analysts believe the company is well-placed for growth and trading on attractive multiples. They highlight that "TNE trades at a discount to SaaS peers when adjusting for its growth outlook."
This is despite its dominant market position, defensive end markets, and mission-critical systems deserving to "command a premium valuation."
Goldman has a buy rating and $18.05 price target on Technology One's shares. This would mean 11% upside for investors if the broker is on the money with its recommendation.
