If you have a penchant for ASX 200 growth shares then it could be worth checking out the three in this article.
That's because they are all rated as buys by analysts and tipped to rise meaningfully from current levels. Here's why they could be top picks in July:
Life360 Inc. (ASX: 360)
Life360 has emerged as one of the ASX's most promising tech stories. Best known for eponymous family safety and location-sharing app, the company has over 80 million monthly active users and continues to grow rapidly in its core U.S. market.
The company's subscription model is gaining traction, churn is falling, and its focus on monetising a loyal user base is beginning to pay off. With additional opportunities in hardware, insurance, advertising, and international markets, Life360 is building an ecosystem that extends far beyond basic tracking.
Morgan Stanley has been impressed with the company's performance in recent years and believes this positive form can continue. It recently put a overweight rating and $40.00 price target on the ASX 200 growth share.
Light & Wonder Inc. (ASX: LNW)
Another ASX 200 growth share that could be a buy is Light & Wonder. It is a global gaming and entertainment company with exposure to both land-based and digital gaming.
It is riding a wave of digital transformation in the global gaming industry, and its pivot toward recurring, content-led revenue streams is starting to accelerate earnings growth.
Analysts at Macquarie are bullish on the company's outlook. They highlight that management is aiming to hit $2 billion in EBITDA target by 2028. This would mean a CAGR of 9.5% per annum.
The broker also notes that "a re-rating [to higher earnings multiples] is likely, via momentum towards targets, litigation outcomes, and an eventual ASX primary listing."
Macquarie has an outperform rating and $188.00 price target on its shares.
Siteminder Ltd (ASX: SDR)
Finally, Siteminder could be an ASX 200 growth share to buy in July. It is a fast-growing SaaS company that helps hotels and accommodation providers manage bookings across multiple channels. Its cloud-based platform connects properties with major travel websites like Booking.com, Airbnb, and Expedia, streamlining availability, pricing, and reservations in one place.
While the travel sector has had a volatile few years, Siteminder has continued to grow users and revenue, particularly in Europe and Asia. With strong gross margins and increasing operating leverage, the company is making steady progress toward profitability.
Macquarie is bullish on the company and recently put an outperform rating and $6.09 price target on its shares. Its analysts "think SDR will rapidly grow medium-term revenue on continued 1) market share growth; and 2) transaction product adoption."
