It is fair to say that ASX growth shares have taken a hit this month.
Whenever sentiment turns against an area of the market, high-quality businesses can get sold off alongside weaker names. That can be uncomfortable in the short term, but for long-term investors it can also create opportunity.
After the recent growth sell-off, these are the ASX shares I would be looking to buy on weakness.
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Temple & Webster Group Ltd (ASX: TPW)
The first ASX growth share I would consider is Temple & Webster.
The company is often lumped in with broader retail stocks, but its model is quite different. As an online-only furniture and homewares retailer, it doesn't carry the heavy store network costs that traditional chains do. That gives it flexibility in slower periods and leverage when demand improves.
What makes the current weakness interesting is that the long-term story hasn't changed. Australian furniture retail still has relatively low online penetration compared to overseas markets. Temple & Webster continues to build brand recognition, expand its product range, improve its private-label offering, and grow its market share.
When consumer confidence eventually rebounds, the business could be operating from a stronger competitive position than before the downturn.
Web Travel Group Ltd (ASX: WEB)
Another ASX growth share I would look at after market weakness is Web Travel.
Since spinning off its consumer-facing Webjet business in 2024, this ASX growth share has been focused on WebBeds, which is its global B2B hotel distribution platform. This is a very different business to the traditional travel agency model. It connects hotels with travel agents and tour operators around the world.
Travel demand remains structurally strong, but the market tends to react sharply to any macro uncertainty. That volatility can spill over into Web Travel Group's share price, even when booking volumes and long-term travel trends remain intact.
With global tourism still normalising and scale advantages building within WebBeds, this period of share price weakness could offer patient investors an attractive entry point.
Xero Ltd (ASX: XRO)
A final ASX growth share I would buy following recent weakness is Xero.
It has been caught up in the broader tech sell-off, with investors questioning valuations and worrying about the potential impact of artificial intelligence on software businesses.
Yet the company remains deeply embedded in the workflows of small and medium-sized businesses across the world. Accounting software is not something companies switch lightly. Integrations, payroll systems, and compliance processes create meaningful stickiness.
Short-term sentiment may swing, but the structural shift toward cloud-based accounting remains intact.
