Markets move in cycles, but one truth always holds: quality businesses tend to emerge stronger when conditions improve.
While some investors may be still sitting on the sidelines waiting for the next clear uptrend, seasoned long-term investors know that the best opportunities often come before the bull market begins. Now is the time to be positioning — not after the rally is already underway.
With that in mind, here are three high-quality ASX growth shares that analysts think could be top buys right now. They are as follows:
Pro Medicus Ltd (ASX: PME)
Pro Medicus has built a global reputation as a healthcare technology powerhouse. Its flagship product, Visage, is a leading radiology imaging platform that enables medical professionals to analyse images faster and more efficiently. This is more than just speed — it's about improving clinical outcomes and reducing healthcare bottlenecks.
The company has consistently delivered strong earnings growth, maintains high margins, and holds long-term contracts with some of the world's most prestigious hospitals. It's founder-led, cash-rich, and has no debt. And while its valuation can look expensive at first glance, this is arguably justified due to its quality and strong long term growth potential.
Goldman Sachs is bullish and has a buy rating and $301.00 price target on its shares.
ResMed Inc. (ASX: RMD)
Another ASX growth share that could be a buy is ResMed. It is a global leader in sleep and respiratory care, best known for its CPAP machines and cloud-connected health platforms.
ResMed operates in a growing global market, supported by ageing populations and increasing awareness of sleep-related health issues. It has also built a powerful digital ecosystem, helping patients and healthcare providers manage treatment more effectively. With strong recurring revenue, a proven leadership team, and global scale, ResMed looks like it has many years of strong growth ahead.
Goldman Sachs is also a big fan of ResMed. It has a conviction buy rating and $49.30 price target on its shares.
Temple & Webster Group Ltd (ASX: TPW)
Finally, Temple & Webster could be an ASX growth share to buy and hold. It is one of Australia's fastest growing retailers, disrupting the furniture and homewares space through a scalable, online-only model. As the shift from traditional to digital retail continues, the company is in the right place at the right time — and executing impressively.
It has built a strong brand, loyal customer base, and an expansive product range. Importantly, it's showing improving operating leverage as it scales — a key factor for long-term profitability. With an asset-light business model, strong marketing capability, and ongoing category expansion, Temple & Webster is positioning itself to be a dominant ecommerce player in the years to come.
Citi is bullish on the company and has a buy rating and $21.10 price target on its shares.
