Buy these ASX growth shares with $3,000 in February

Analysts think these growth shares could be great options for investors with money to put into the share market.

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If you have a penchant for ASX growth shares like I do, then it could be worth checking out the two named below.

These shares have been named as buys by brokers and tipped to provide market-beating returns for investors over the next 12 months.

Here's why they could be good options for a $3,000 investment in February:

Web Travel Group Ltd (ASX: WEB)

The first ASX growth share to consider for a $3,000 investment is Web Travel Group. It is a business to business travel company operating the WebBeds business.

The team at Goldman Sachs thinks that its shares are great value at current levels following a significant pullback in its share price.

Especially given its belief that Web Travel Group is well-placed to grow rapidly over the remainder of the decade. It said:

WEB is the second largest Hotel Bed wholesaler globally with <10% of the global hotel wholesale market. We are Buy rated on WEB as we have confidence that WEB will be able to grow TTV in line with its FY25/30 targets of A$5bn/A$10bn respectively. In particular, we believe WEB is well placed to continue to grow in key US/APAC growth markets, though expect revenue margin to lower towards ~6.3% over time as the company expands into lower margin US/APAC markets. WEB is trading below fair value, on our estimates.

Goldman has a buy rating and $7.00 price target on its shares. This suggests that upside of 37% is possible for investors.

WiseTech Global Ltd (ASX: WTC)

Another ASX growth share that has been named as a buy is WiseTech Global. It is the logistics solutions company behind the popular CargoWise One platform.

CargoWise One is regarded as the logistics industry's most advanced enterprise-class management system. It has a deeply feature-rich set of vertical and horizontal, whole-of-enterprise capabilities that provide comprehensive functionality for logistics execution needs across the supply chain.

Goldman Sachs is also feeling very positive about WiseTech and believes it is well-placed for long-term growth. The broker recently said:

We are positive on WiseTech's strong competitive position which contributes to efficiency gains for LGFF's. Over the short-to-medium term we expect WiseTech's earnings profile to benefit from new product releases such as Container Transport Optimizer, as well as continuing to grow penetration of their core business. We expect WiseTech will continue to focus on product development over the long-term, which should underpin margin expansion and earnings growth. Hence, with the risk/reward profile skewed to the upside we are Buy rated.

Goldman has a buy rating and $142.00 price target on its shares. This implies potential upside of approximately 15% over the next 12 months.

Motley Fool contributor James Mickleboro has positions in Web Travel Group Limited and WiseTech Global. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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