Looking for some new ASX growth shares to buy? Then it could be worth checking out the five listed below.
They have all recently been named as buys by brokers and tipped to rise strongly from where they currently trade. Here's why they could be buys in December:
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Light & Wonder Inc. (ASX: LNW)
This leading global cross platform games company could be an ASX 200 growth share to buy according to Bell Potter.
While the broker acknowledges that the "loss of future Dragon Train revenues is disappointing", it remains positive on the future. Especially given "LNW's cross-platform strategy and leading scale producing a portfolio of high-performing games in both land-based and digital markets."
Bell Potter has a buy rating and $180.00 price target on the company's shares.
Lovisa Holdings Ltd (ASX: LOV)
Morgans thinks fashion jewellery retailer Lovisa could be an ASX 200 growth share to buy.
The broker believes the company is well-positioned for long term growth thanks to its ongoing global expansion. In fact, it has previously suggested that Lovisa could become one of the greatest success stories in Australian retail.
Morgans has an add rating and $36.00 price target on its shares.
Megaport Ltd (ASX: MP1)
A third ASX 200 growth share that could be a buy is Megaport. It is a leading global provider of elastic interconnection services, which has been growing at a rapid rate in recent years thanks to the cloud computing boom.
Goldman Sachs remains very positive on the company due to the accelerating cloud growth and migration trends. It has a buy rating and $10.40 price target on Megaport's shares.
Web Travel Group Ltd (ASX: WEB)
Goldman Sachs also thinks that business to business travel technology company Web Travel could be an ASX 200 growth share to buy. It recently spun off its online travel agency business into a separate listing, leaving investors with its explosive WebBeds business. It is a global marketplace for the travel trade, providing powerful distribution solutions that make selling and buying hotel and ground travel services easier.
The broker is positive on its outlook and has a buy rating and $7.00 price target on Web Travel's shares.
WiseTech Global Ltd (ASX: WTC)
Analysts at Macquarie believe that WiseTech Global could be an ASX 200 growth share to buy.
The broker thinks that recent weakness caused by a revenue guidance downgrade and CEO scandal has created a buying opportunity for investors. Particularly given the dominance of its Cargo Wise product and its potential to expand into new areas with huge addressable markets.
Macquarie has an outperform rating and $152.70 price target on its shares.
