Analysts say these 5 ASX 200 growth shares are top buys

These stocks could be great options for growth investors this month.

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:

A smiling man points upwards with both fingers in an exaggerated sideways pose.

Image source: Getty Images

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.

Motley Fool contributor James Mickleboro has positions in Technology One, Treasury Wine Estates, and Xero. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group, Macquarie Group, Megaport, Technology One, and Xero. The Motley Fool Australia has positions in and has recommended Macquarie Group and Xero. The Motley Fool Australia has recommended Flight Centre Travel Group, Megaport, Technology One, and Treasury Wine Estates. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Growth Shares

Rocket going up above mountains, symbolising a record high.
Growth Shares

2 ASX shares tipped to grow 100% or more in the next 12 months

These two stocks could deliver massive returns.

Read more »

Smiling woman pointing at rising graph.
Growth Shares

2 strong Australian stocks to buy now with $9,000

These stocks look like top buys to me right now.

Read more »

Wooden house and golden coins on balancing scale.
Growth Shares

Is the REA Group share price a strong contrarian buy?

Is this a good time to invest in the property portal business?

Read more »

Ascending piles of coins and plants in three jars, with a hand putting a coin in the first jar.
Growth Shares

A rare buying opportunity in 1 of Australia's top shares?

This stock is an ASX leader and it looks like one of Australia’s top shares.

Read more »

Two smiling colleagues looking at a tablet in a data centre.
Growth Shares

Will Goodman shares reach $30 in 2027?

I look at the earnings forecasts to see how realistic a move back to this level could be.

Read more »

Two brokers analysing the share price with the woman pointing at the screen and man talking on a phone.
Growth Shares

2 ASX shares highly recommended to buy: Experts

These businesses could be undervalued and deliver good returns.

Read more »

Woman pointing to a hologram of a world map with finance graphs and related themes.
Growth Shares

Down over 50%: 2 ASX shares to buy for global growth

Both companies are building global momentum. Patient investors should watch.

Read more »

Hand putting coins in a glass jar that says retirement, with a retro alarm clock on the other side, and piles of increasing coins in the middle.
Growth Shares

2 top ASX shares to buy and hold for the next decade

I think these ASX shares have a great future!

Read more »