If you have room in your portfolio for some ASX growth shares, then it could be worth checking out the five 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 top growth shares:
Breville Group Ltd (ASX: BRG)
The first ASX growth share that could be a buy is Breville. It is the kitchen appliance manufacturer behind popular brands such as Sage, Kambrook, and the eponymous Breville brand. In addition, in recent years the company has been making acquisitions to grow its presence in the at-home coffee market.
UBS is positive on the company and has a buy rating and a $28.30 price target on its shares.
Flight Centre Travel Group Ltd (ASX: FLT)
Another ASX growth share that could be a buy this month is travel agent giant Flight Centre. That's the view of analysts at Morgans, which highlight that the "benefits of FLT's transformed business model" mean that the company is "well placed over coming years."
Morgans currently has an add rating and a $26.00 price target on its shares.
IDP Education Ltd (ASX: IEL)
This language testing and student placement company could be a great option for investors according to analysts at Goldman Sachs. The broker believes the company is well-positioned for long-term growth thanks to structural tailwinds and its dominant market position.
And with its shares falling heavily over the last 12 months, Goldman sees a huge upside for investors. The broker has a buy rating and a $25.30 price target on its shares.
NextDC Ltd (ASX: NXT)
Another ASX growth share that could be a buy according to analysts at Goldman Sachs is data centre operator NextDC. The broker is feeling "particularly positive on NXT and are Buy rated given the rapid growth in cloud adoption, which has been supported by the continued evolution of the enterprise telecommunications market, and the significant demand by both public and private investors for digital infrastructure assets."
Goldman currently has buy rating and an $18.59 price target on its shares.
TechnologyOne Ltd (ASX: TNE)
Finally, this enterprise software provider could be an ASX growth share to buy according to Bell Potter. Its analysts highlight that the company "has plenty of runway for growth in future years given its APAC market penetration in any single vertical does not exceed 15%."
Bell Potter has a buy rating and $18.50 price target on Technology One's shares.
