Not every great investment has to come with a big price tag.
While many of Australia's blue-chip shares trade at well over $100 a share, there are also a number of promising ASX shares with share prices comfortably below $50.
For growth-focused investors, these opportunities could be worth a closer look.
Here are three ASX shares under $50 that analysts believe have big potential.
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Megaport Ltd (ASX: MP1)
The first ASX share with big potential is Megaport. Its shares currently trade at $15.50.
Megaport operates a global network-as-a-service platform that allows businesses to connect to cloud providers and data centres quickly and securely. As companies increasingly move workloads to the cloud, demand for Megaport's on-demand connectivity continues to climb.
The company has been growing strongly, with revenue expanding as more enterprises adopt multi-cloud strategies. This led to the company reporting a 20% increase in annual recurring revenue (ARR) to a record of $243.8 million in FY 2025.
This performance went down well with analysts at Macquarie. They recently put an outperform rating and $16.90 price target on its shares.
SiteMinder Ltd (ASX: SDR)
Another ASX share that analysts rate highly is SiteMinder. Its shares are changing hands for $7.25 at the time of writing.
SiteMinder provides a leading hotel commerce platform used by thousands of accommodation providers worldwide. Its technology helps hotels manage distribution, pricing, and direct bookings across multiple online travel agents and booking sites. At the last count, it was generating more than 130 million reservations worth over A$85 billion in revenue for its hotel customers each year.
The business has carved out a strong niche in the global travel and hospitality industry, which is rebounding steadily as international travel recovers. In addition, SiteMinder continues to invest in expanding its product suite and growing its customer base, which positions it well for long-term growth.
Macquarie is also a fan of Siteminder and has an outperform rating and $8.11 price target on its shares.
Temple & Webster Group Ltd (ASX: TPW)
Finally, Temple & Webster could be an ASX share under $50 to buy now. Its shares last traded at $23.05.
Temple & Webster is Australia's largest online furniture and homewares retailer. With a strong brand, extensive product range, and efficient logistics, the company has become a go-to destination for consumers looking to furnish their homes.
Online penetration in furniture retail remains relatively low in Australia compared to other markets, meaning Temple & Webster still has a long growth runway ahead of it. The ASX share has also been diversifying into new verticals such as home improvement, which could open additional revenue streams.
Morgan Stanley is bullish on this share. It currently has an overweight rating and $32.00 price target on its shares.
