There are plenty of ASX growth shares to pick from on the local market.
To narrow things down for you, let's take a look at five that analysts are tipping as buys.
Here's what you need to know about them:
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Lovisa Holdings Ltd (ASX: LOV)
The first ASX growth share that could be a buy is fashion jewellery retailer Lovisa.
Bell Potter is a fan of the company. This is largely due to its huge expansion potential. In fact, the broker believes Lovisa can grow its network by 10% per annum between FY 2023 and FY 2034. It expects this to underpin strong sales and earnings growth.
The broker currently has a buy rating and $36.00 price target on its shares.
Pro Medicus Limited (ASX: PME)
Another ASX growth share that could be a top buy this month is Pro Medicus. It is a leading provider of radiology information systems (RIS), Picture Archiving and Communication Systems (PACS), and advanced visualisation solutions across the globe.
Goldman Sachs rates the company highly and notes that it sees "PME as the clear incumbent technology leader in a growing market with a strong financial profile and significant AI upside."
The broker has a buy rating and $136.00 price target on its shares.
Temple & Webster Group Ltd (ASX: TPW)
A third ASX growth share that could be a buy is Temple & Webster. It is Australia's leading pureplay online furniture and homewares retailer.
Morgan Stanley has been impressed with its strong growth in FY 2024 and is feeling positive about its outlook. It also highlights that the company is sitting on a mountain of cash. This could be used to accelerate its growth or for capital returns in the future.
The broker currently has an overweight rating and $12.25 price target on Temple & Webster's shares.
TechnologyOne Ltd (ASX: TNE)
Analysts at Morgans think that TechnologyOne could be an ASX growth share to buy this month. It is Australia's largest enterprise software company, providing a global SaaS ERP solution that transforms business and makes life simple for users.
Morgans believes it is "one of the highest quality companies on the ASX" and that "its impeccable track record" and accelerating earnings growth means that "TNE's trading multiple is likely to expand from here."
Morgans has an add rating and $20.50 price target on its shares.
Webjet Limited (ASX: WEB)
A final ASX growth share that could be a buy is online travel booking company Webjet.
Morgans is also feeling very positive about Webjet. This is because it believes its key WebBeds B2B business is well placed thanks to the "significant market share still up for grabs."
The broker has an add rating and price target of $11.20 on Webjet's shares.
