One powerful way to build wealth in the share market is owning high-quality ASX growth shares and holding them for the long haul.
With that in mind, here are three exciting ASX growth shares that could deliver impressive returns well into the next decade.
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Pro Medicus Ltd (ASX: PME)
If there's one company that perfectly captures the potential of Australian innovation, it is Pro Medicus.
The healthcare technology company develops advanced imaging software used by hospitals and radiology providers around the world. Its flagship Visage 7 platform allows medical professionals to view and interpret complex images more efficiently, saving time, improving accuracy, and ultimately enhancing patient outcomes.
Pro Medicus has delivered explosive growth in recent years, signing multi-million-dollar contracts with leading U.S. healthcare networks. But despite this, it still has a significant sales pipeline and expansion opportunities in other ologies to drive growth over the next decade.
Citi is bullish and is recommending this ASX growth share to clients. It has a buy rating and $350.00 price target on its shares.
Life360 Inc (ASX: 360)
Life360 is another home-grown success story making waves globally. The location technology company's app helps families stay connected and safe by sharing location updates, driving insights, and emergency alerts in real time.
As of its latest update, Life360 has around 88 million monthly active users worldwide, with 2.5 million paying subscribers, which is a remarkable achievement that highlights the scalability of its platform. The company continues to post strong revenue growth, driven by recurring subscription income and expanding product features.
Despite rising strongly over the past 12 months, Morgan Stanley believes there's more gas left in the tank. The broker recently put an overweight rating and $58.50 price target on its shares.
Goodman Group (ASX: GMG)
Finally, Goodman Group stands out as a top ASX growth share to buy and hold.
The global industrial property giant develops and manages logistics and warehouse facilities for many of the world's biggest companies, including Amazon (NASDAQ: AMZN), Tesla (NASDAQ: TSLA), and FedEx (NYSE: FDX).
As e-commerce and supply chain automation continue to reshape global trade, demand for Goodman's state-of-the-art facilities remains robust. In addition, it is gaining exposure to the AI boom with the development of world class data centres.
The team at Bell Potter believes this leaves the company well-placed for growth over the coming years. As a result, it has a buy rating and $40.80 price target on its shares.
