4 of the best ASX growth shares to buy now

Analysts are tipping these growing companies as buys. Let's dig deeper into them.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Fortunately for growth investors, they have a lot of options to choose from on the Australian share market.

But which ASX growth shares could be buys in 2025? Let's take a look at four that brokers are currently tipping as buys. They are as follows:

Man looking happy and excited as he looks at his mobile phone.

Image source: Getty Images

Aristocrat Leisure Limited (ASX: ALL)

The first ASX growth share that could be a buy according to analysts is Aristocrat Leisure. It is one of the world's leading gaming technology companies with a portfolio of poker machines, digital games, and a fledgling real money gaming business.

The team at Citi is very positive on Aristocrat Leisure. So much so, the broker recently put a buy rating and $74.00 price target on its shares.

Lovisa Holdings Ltd (ASX: LOV)

Another ASX growth share that could be a buy in 2025 is Lovisa. It is a fashion jewellery retailer with a rapidly growing global network. Morgans is positive on the company. And while the broker acknowledges that Lovisa's "comparable store sales growth should have been better in FY24, it has continued to deliver and will, in our opinion, continue to do so in the years ahead." So much so, the broker feels that Lovisa is on a "journey to becoming a truly global brand."

Morgans has an add rating and $36.00 price target on its shares.

Temple & Webster Group Ltd (ASX: TPW)

Another ASX growth share that could be a buy is Temple & Webster. It is Australia's leading online furniture and homewares retailer with over 200,00 products on sale from over 500 suppliers. This includes direct sourcing capabilities through a private label division.

Temple & Webster has been growing strongly in recent years thanks to the structural shift online. But with this shift still in its early stages in this category compared to other Western markets, the future looks bright for the company.

Macquarie is a fan of Temple & Webster and has an outperform rating and $13.55 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 that has an estimated market opportunity of over 100 million small to medium sized businesses globally. This compares to its current subscriber base of approximately 4.2 million.

Goldman Sachs believes this provides Xero with a multi-decade growth runway. In light of this, its analysts have put a buy rating and $201.00 price target on its shares.

Citigroup is an advertising partner of Motley Fool Money. Motley Fool contributor James Mickleboro has positions in Lovisa, Temple & Webster Group, and Xero. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group, Lovisa, Macquarie Group, Temple & Webster Group, and Xero. The Motley Fool Australia has positions in and has recommended Macquarie Group and Xero. The Motley Fool Australia has recommended Lovisa and Temple & Webster Group. 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

Three business people stand on platforms in the desert and look out through telescopes.
Growth Shares

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

I’m bullish about the prospects of these businesses…

Read more »

A businessman looking at his digital tablet or strategy planning in hotel conference lobby. He is happy at achieving financial goals.
Growth Shares

3 fantastic ASX shares that could be much bigger by 2030

Wanting to invest for the long-term? Here are three shares to consider.

Read more »

Excited couple celebrating success while looking at smartphone.
Growth Shares

3 ASX growth shares I want to buy and hold forever

For a long-term investment, I want a business that can keep evolving.

Read more »

Two smiling work colleagues discuss an investment at their office.
Growth Shares

Why I'd buy and hold Pro Medicus and DroneShield shares

These are two shares where I am much more interested in what the businesses could become than what happens over…

Read more »

Woman with her kitten on a laptop in her home office.
Growth Shares

3 top ASX shares for beginners to buy now

I think starting with businesses you can actually understand makes the ups and downs of investing much easier to handle.

Read more »

Happy investor on tablet with finance graphs rising in overlay.
Growth Shares

2 ASX shares I want to hold until 2030 and beyond

Both businesses have already achieved plenty. The amount of growth still available is why I would want to own them…

Read more »

flying asx share price represented by man flying remote control drone
Growth Shares

Why are DroneShield shares suddenly rising again?

A guidance miss, then a sharp bounce. What changed?

Read more »

Person handing out $50 notes, symbolising ex-dividend date.
Growth Shares

Where I'd invest $25,000 into ASX shares in August

I outline why these shares could be top picks for investors this month and for years to come.

Read more »