If you have a penchant for ASX 200 growth shares like I do, then it could be worth checking out the five listed below.
They have been named as buys and tipped to grow strongly in the future. Here's what you need to know about them:
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Flight Centre Travel Group Ltd (ASX: FLT)
Flight Centre could be an ASX 200 growth share to buy according to analysts at Morgans. It is one of the world's leading travel agents.
The broker believes Flight Centre is positioned for growth after a difficult time during the pandemic. It notes that its transformed business model mean it is "well placed over coming years."
Morgans currently has an add rating and $27.27 price target on its shares.
Megaport Ltd (ASX: MP1)
Another ASX 200 growth share that has been given the thumbs up is Megaport. It is a global provider of elastic interconnection services in data centres across the world.
Macquarie believes the company's strong earnings growth can continue over the coming years thanks to operating leverage and increased penetration of its Megaport Cloud Router (MCR) and Megaport Virtual Edge (MVE) products.
Macquarie has an outperform rating and $18.00 price target on its shares.
TechnologyOne Ltd (ASX: TNE)
Bell Potter thinks growth investors should be buying the shares of enterprise software provider TechnologyOne.
This is partly because it believes TechnologyOne "can double revenue every five years or so via organic growth alone."
Bell Potter has a buy rating and $18.50 price target on Technology One's shares.
Treasury Wine Estates Ltd (ASX: TWE)
Another ASX 200 growth share that Morgans is bullish on is Treasury Wine.
It is feeling confident about its outlook thanks partly to its recent acquisition of DAOU Vineyards (DAOU) for US$900 million (A$1.4 billion). The broker highlights that "if TWE delivers on its investment case, there is material upside to our valuation."
Morgans has an add rating and $14.03 price target on its shares.
Xero Ltd (ASX: XRO)
A final ASX 200 growth share that could be a buy according to analysts is Xero. It is one of the world's leading cloud accounting platform providers.
Goldman Sachs is very positive on the company. It highlights that Xero is "very well-placed to take advantage of the digitisation of SMBs globally, driven by compelling efficiency benefits and regulatory tailwinds, with >100mn SMBs worldwide representing a >NZ$100bn TAM."
The broker currently has a buy rating and $164.00 price target on its shares.
