These ASX 200 growth shares could be strong buys in March

Goldman Sachs is feeling bullish about these growth stocks.

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If you're a growth investor and looking for options in March, then it could be worth checking out the two named below.

That's because they have been tipped as buys by analysts at Goldman Sachs.

Here's why the broker is feeling bullish about these ASX 200 growth shares:

TechnologyOne Ltd (ASX: TNE)

This enterprise software provider could be a top ASX 200 growth share to buy according to Goldman Sachs. Its analysts currently have a buy rating and $18.05 price target on its shares.

The broker believes TechnologyOne can hit its annual recurring revenue (ARR) target and expects this to support mid to high teen earnings per share growth through to at least FY 2026. It said:

In our view, the company is well placed to meet its A$500mn FY26 ARR target through a combination of SaaS flip uplift, net expansion and new customer growth. We see margin expansion resuming from FY24E onwards, which in combination with robust revenue growth should drive a mid-high teens EPS CAGR to FY26E, providing strong earnings visibility. TNE's share price has historically been driven by its strong rate of compound earnings growth underpinned by its leading market position, high R&D investment and defensive public sector end markets.

Webjet Limited (ASX: WEB)

Goldman also believes that Webjet could be an ASX 200 growth share to buy. It has a buy rating and $8.10 price target on its shares.

The broker likes the online travel booking company due to its rapidly growing WebBeds business and structural growth opportunities. It explains:

Our Buy thesis on WEB is premised on 1) WEB demonstrating strong cash generation as the market recovers while current valuation continues to be impacted by macro concerns 2) We believe WEB's Bedbanks business offers a structural growth opportunity and expect it to drive scale benefits, underpinned by system changes and ERP upgrades as WEB goes through the recovery cycle. 3) We believe the OTA business is exposed to the right channels with the ongoing shift towards digital bookings likely to aid WEB in growing its TAM as well as market share.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and Technology One. The Motley Fool Australia has recommended Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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