3 high-conviction ASX growth shares to buy

Analysts have good things to say about these stocks.

| 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

There are plenty of options for growth investors to choose from on the Australian share market.

But which ones are in the buy zone right now?

To narrow things down, let's take a look at three ASX growth shares that brokers rate among the best to buy now. They are as follows:

Two smiling work colleagues discuss an investment at their office.

Image source: Getty Images

Gentrack Group Ltd (ASX: GTK)

The first ASX growth share that could be a top buy for Aussie investors is Gentrack. It is a specialist software developer to energy utilities, water companies, and airports. The latter includes providing flight information display systems (FIDS) at airports across the world.

Bell Potter is positive on the company and believes it is well-placed for growth in the coming years. Its analysts note that they "continue to be bullish on GTK's ability to maintain customer win momentum in Core and ROW markets, supporting high NRR revenues and flow on ARR."

Bell Potter currently has a buy rating and $13.20 price target on its shares.

Nextdc Ltd (ASX: NXT)

Another ASX growth share that could be a top buy right now is NextDC.

It builds and operates high-performance, secure, carrier-neutral data centres across the Asia-Pacific region. These facilities provide the digital infrastructure that powers cloud platforms and AI tools — and demand is only accelerating.

Goldman Sachs believes this makes NextDC a great option for Aussie investors. Its analysts note that they are "particularly positive on NXT and are Buy rated given the rapid growth in cloud adoption, which has been supported by the continued evolution of the enterprise telecommunications market, and the significant demand by both public and private investors for digital infrastructure assets."

The broker has a buy rating and $16.50 price target on its shares.

Temple & Webster Group Ltd (ASX: TPW)

Finally, Temple & Webster could be a top ASX growth share to buy according to brokers. It is Australia's leading online furniture and homewares retailer.

It has been a standout performer in the retail sector in recent years and this impressive form has continued in FY 2025 despite the cost of living crisis. In fact, it recently revealed that its second half revenue was up 18% through to 5 May

The good news is that Citi believes this positive form can continue and is forecasting further strong sales and profit growth over the coming years. In light of this, the broker recently put a buy rating and $21.10 price target on Temple & Webster's shares.

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

A woman on a green background points a finger at graphic images of molecules, a rocket, light bulbs, and scientific symbols as she smiles.
Growth Shares

3 exciting ASX shares you won't want to miss out on

These ASX shares are not just growing. They are expanding into much larger opportunities.

Read more »

A woman standing on the street looks through binoculars.
Growth Shares

Here are the latest growth forecasts for the Wesfarmers share price

Bunnings and Kmart could be unstoppable forces in the years ahead.

Read more »

Drone planting seeds in the ground for the growth of trees.
Share Market News

$5,000 invested in Droneshield shares 5 years ago is now worth…

If you thought Droneshield's 12-month share price increase was high, think again.

Read more »

Two plants grow in jars filled with coins.
Growth Shares

2 ASX growth stocks to buy now and hold until 2036

Both companies offer investors international growth.

Read more »

Two people climb to the summit and raise their arms in success as the sun rises brightly over the mountains.
Growth Shares

2 elite ASX shares to buy in April and hold for the next decade

These quality stocks can keep compounding for years.

Read more »

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

Where I'd invest $3,000 in ASX growth shares now

I think growth investing comes down to finding businesses with expanding opportunities. These shares tick this box.

Read more »

One hundred dollar notes blowing in the wind, representing dividend windfall.
Growth Shares

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

I’d love to own these ASX shares for many years to come.

Read more »

Contented looking man leans back in his chair at his desk and smiles.
Growth Shares

3 ASX 300 shares to buy and hold for the next decade

Looking for long-term investments? Here are three to consider.

Read more »