The Australian share market may be brimming with opportunities, but if you're looking to invest a fresh $3,000, narrowing it down to the smartest ASX growth stocks is always a good idea.
But which stocks tick this box? Let's take a look at three that analysts think are among the best to buy right now. They are as follows:
Lovisa Holdings Ltd (ASX: LOV)
Lovisa has built a global jewellery empire from humble beginnings, now operating 1,000 stores across the world. It thrives on a nimble business model — quick product turnover, low price points, and a highly scalable format that works across geographies.
What makes Lovisa particularly attractive is its store rollout strategy. Despite broader retail sector headwinds, the ASX growth stock continues to expand in markets like the United States, Europe, and Asia. Its vertically integrated model gives it speed and control, while a strong brand appeals to a loyal, value-conscious customer base. It also recently launched a new brand in the United Kingdom that could have significant potential.
Morgans thinks it could be a great pick for growth investors. It has an add rating and $35.00 price target on its shares.
Pro Medicus Ltd (ASX: PME)
If you're searching for high-quality, capital-light compounders, Pro Medicus could be a smart pick. This health imaging software company has grown from a small player into a global force, providing its flagship Visage software to some of the world's top hospitals and radiology groups.
Pro Medicus boasts high gross margins and sticky recurring revenue, which are the kind of characteristics investors dream about. The company's long-term contracts and expanding client base in North America mean it is well-positioned to ride the wave of digitisation in healthcare.
It also boasts one of the best balance sheets on the ASX, with no debt and plenty of cash. That gives it optionality for future growth initiatives.
Morgan Stanley is a fan of this ASX growth stock and has an overweight rating and $310.00 price target on its shares.
WiseTech Global Ltd (ASX: WTC)
A final pick for smart investors is WiseTech. It is the technology company powering the global logistics world. Its flagship software platform, CargoWise, helps freight forwarders and logistics companies manage complex international supply chains.
And with trade volumes growing and digital transformation still playing out across the industry, WiseTech is in the right place at the right time.
Its margins are strong, its client retention is exceptional, and its earnings growth has been nothing short of impressive.
The team at Macquarie thinks that WiseTech could be a smart addition. It has an outperform rating and $152.70 price target on its shares.
