If you are a fan of ASX 200 growth shares, then the three in this article could be worth a closer look.
They have recently been named as buys by brokers. Let's see why they are bullish on them:
Lovisa Holdings Ltd (ASX: LOV)
The first ASX 200 growth share that could be a buy according to brokers is fashion jewellery company Lovisa.
It highlights that the company recently hit the 1,000 stores milestone. It also points out that a second brand has been opening alongside Lovisa in the UK called Jewells. This could be another avenue of growth in the coming years. The broker said:
Lovisa has announced (via LinkedIn) that it will reach a milestone achievement of opening its 1,000th store this week. We see this as a major milestone for the business and clearly signifies its presence as a global brand. Led by Chairman Brett Blundy, it is our understanding that Lovisa is set to quietly launch a new jewellery concept in the UK called Jewells, with 7 initial stores and an online presence, targeting the demi-fine segment with ambitious plans for global expansion.
Morgans has an add rating and $35.00 price target on its shares.
NextDC Ltd (ASX: NXT)
Another ASX 200 growth share that could be a buy is data centre operator NextDC.
Morgans has become even more positive on the company recently thanks to the announcement of a cornerstone customer in its under development Kuala Lumpur data centre. It feels this validates its expansion into the Asia-Pacific region. Morgans said:
NXT has announced its first international cornerstone customer who has signed a 10MW deal in NXT's upcoming Malaysian site (Kuala Lumpa/KL1). KL1 goes live early calendar year 2026. It's pleasing to see customer demand before go-live. The deal is significant as the first reference point with a Hyperscaler contractually validating NXT's international expansion plans.
The broker has a buy rating and $18.80 price target on NextDC's shares.
Siteminder Ltd (ASX: SDR)
A third ASX 200 share to get the seal of approval from brokers is Siteminder. It is a hotel technology company that offers a channel management software supported by a suite of add-on transactional products.
The team at Macquarie is bullish on the company. It highlights that its end market is very fragmented and has created a disparate array of technology solutions. This means that Siteminder has few direct competitors. As a result, it feels that its rapid growth can continue. It said:
Initiate at Outperform. We think SDR will rapidly grow medium-term revenue on continued 1) market share growth; and 2) transaction product adoption. Smart Platform represents material upside revenue potential and if successfully executed should support a long-term re-rate.
Macquarie has an outperform rating and $6.09 price target on its shares.
