If you're a fan of ASX growth shares, then you will be pleased to know that analysts are predicting great returns from the seven listed below.
Here's what you need to know about these top shares:
Aristocrat Leisure Limited (ASX: ALL)
The first ASX growth share that could be a buy is Aristocrat Leisure. It is one of the world's leading gaming technology companies with a portfolio of pokie machines, digital games, and a fledgling real money gaming business.
Analysts at Citi are very positive on the company and have a buy rating and $53.00 price target on its shares.
Lovisa Holdings Ltd (ASX: LOV)
Another ASX growth share to look at is Lovisa, which is a rapidly growing fashion jewellery retailer.
Bell Potter is very positive on the company due to its global expansion. In fact, it believes Lovisa can grow its network by 10% per annum between FY 2023 and FY 2034. This is expected to support strong earnings growth over the next decade.
The broker currently has a buy rating and $36.00 price target on Lovisa's shares.
NextDC Ltd (ASX: NXT)
Another ASX growth share that is rated as a buy is NextDC. It is one of Asia's most innovative data centre-as-a-service providers.
Morgan Stanley is very positive on the company's outlook. This is thanks to its belief that the data centre market will grow materially over the remainder of the decade.
The broker currently has an overweight rating and $20.00 price target on its shares.
Temple & Webster Group Ltd (ASX: TPW)
Another ASX growth share to look at is Temple & Webster. It is Australia's leading online furniture and homewares retailer.
Temple & Webster has been growing strongly in recent years thanks to the structural shift online. But the good news is that this shift is still in its early stages in this category compared to other Western markets.
As a result, the team at Morgan Stanley believes there's still plenty more growth to come. It has put an overweight rating and $12.25 price target on its shares.
Webjet Limited (ASX: WEB)
A fifth ASX growth share that could be a buy is online travel booking company Webjet.
Morgans is bullish on the company due partly to its key WebBeds B2B business. It notes that there is still "significant market share still up for grabs," which leaves Webjet well-positioned for the future.
Morgans has an add rating and price target of $11.20 on Webjet's shares.
WiseTech Global Ltd (ASX: WTC)
Another ASX growth share that has been tipped as a buy is WiseTech Global.
It is the logistics solutions company behind the CargoWise One logistics management platform. This platform is integral to the global logistics industry, allowing users to execute complex logistics transactions and manage freight operations from a single, easy-to-use platform.
Demand continues to grow for CargoWise One, which is supporting very strong recurring revenue growth. It is partly for this reason that UBS currently has a buy rating and $112.00 price target on its shares.
Xero Ltd (ASX: XRO)
A final ASX growth share that could be a buy is Xero. It is a cloud accounting platform provider with an estimated global market opportunity of 100 million small to medium sized businesses. This compares to its current subscriber base of approximately 4.2 million.
Goldman Sachs believes this gives the company a multi-decade growth runway. Its analysts have a buy rating and $164.00 price target on its shares.
