If you've got $20,000 ready to invest and you're aiming for long-term capital growth, the ASX has no shortage of opportunities.
But rather than betting it all on one company, investors may want to consider spreading their funds across a few quality ASX 200 growth shares — particularly as part of a balanced portfolio.
Here are three fantastic ASX shares with strong growth prospects that could be worth a closer look in 2025 and beyond according to analysts.
Lovisa Holdings Ltd (ASX: LOV)
Lovisa is a fast-fashion jewellery retailer with a global footprint and ambitious store rollout plans. It may be on the cusp of opening its 1,000th store but continues to expand at pace, opening new stores across Europe, the US, Africa, and Asia.
What sets Lovisa apart is its ability to generate strong returns on capital through a high-margin, low-cost model that resonates with its core demographic. And despite short-term pressures, brokers remain bullish on the long-term story, particularly with the brand's momentum in major offshore markets.
Macquarie is one of them. It has an outperform rating and $33.40 price target on its shares.
WiseTech Global Ltd (ASX: WTC)
Another ASX 200 growth share that could be a buy is WiseTech. It is a logistics software provider whose flagship platform, CargoWise, is used by many of the world's largest freight forwarders. The global supply chain sector is undergoing a digital transformation — and WiseTech is right at the centre of it.
The company is known for its disciplined growth strategy, combining organic expansion with highly strategic acquisitions that deepen its customer relationships and geographic reach. It also boasts impressive margins and consistent earnings growth.
While recent events relating to its founder and subsequent product launch delays have impacted investor sentiment, this doesn't diminish its incredibly bright future. As global trade rebounds and companies continue to digitise their operations, WiseTech's mission-critical software positions it to benefit enormously.
Goldman Sachs is bullish on the company and has a buy rating and $128.00 price target on its shares.
Xero Ltd (ASX: XRO)
Finally, Xero could be an ASX 200 growth share to buy. It is a cloud-based accounting platform provider that continues to win market share globally. While it already dominates the small business segment in Australia and New Zealand, the company is making significant inroads in the UK and North America — markets many times larger than its home base.
Its recurring revenue model, sticky customer base, and continued product innovation give Xero a long runway for growth. The company is also benefiting from rising average revenue per user (ARPU), and analysts see further upside from new services and ecosystem expansion.
With strong operating leverage and a focus on profitability, Xero is the kind of growth stock that long-term investors can buy and hold with confidence.
Goldman certainly believes this is the case. It has a buy rating and $201.00 price target on Xero's shares.
