3 exciting ASX growth shares to buy now

Brokers are bullish on these shares. Let's see what they are recommending.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

When markets turn volatile, growth shares can be the first to feel the pressure.

But short-term weakness does not always change the long-term opportunity. In fact, periods of uncertainty can create attractive entry points for investors willing to think in years rather than months.

With that in mind, here are three exciting ASX growth shares that could be worth considering right now.

A young man punches the air in delight as he reacts to great news on his mobile phone.

Image source: Getty Images

Life360 Inc. (ASX: 360)

The first ASX growth share to consider is Life360.

Life360 operates a location-based platform focused on family safety and connectivity. While it began as a simple location-sharing app, it has evolved into a broader ecosystem offering premium subscriptions, emergency assistance, and driving insights.

What makes Life360 compelling is the combination of scale and monetisation potential. The company has almost 100 million active users globally, yet only a portion are paying subscribers. As premium adoption increases and new features are rolled out, revenue per user can grow without the company needing to acquire entirely new audiences. It is also aiming to monetise non-paying users through its advertising business.

Bell Potter is bullish on Life360's outlook and recently put a buy rating and $41.50 price target on its shares.

Lovisa Holdings Ltd (ASX: LOV)

Another ASX growth share to consider buying is Lovisa.

It is a global fashion jewellery retailer with a fast-growing store network. The company has expanded aggressively into North America and Europe, taking its vertically integrated model into new markets.

Its success comes down to execution. Lovisa controls its product design, sourcing, and distribution, allowing it to move quickly on trends and maintain healthy margins.

With more than a thousand stores already and significant room for further rollout globally, the runway for expansion remains long. If store growth continues and like-for-like sales remain solid, Lovisa's earnings could scale meaningfully over time.

One top broker that is bullish is Morgans. It has a buy rating and $36.80 price target on its shares.

NextDC Ltd (ASX: NXT)

A final ASX growth share worth a look is NextDC. It is one of the Asia-Pacific region's leading data centre operators.

As cloud computing, artificial intelligence, and digital transformation accelerate, demand for secure, scalable data centre capacity continues to rise.

Importantly, NextDC is not just renting space. It provides critical infrastructure including power, connectivity, and security for hyperscale cloud providers and enterprise customers.

This leaves the company well-positioned for growth over the next decade and beyond, which is partly the reason why Morgans currently rates NextDC shares as a buy with a $19.00 price target.

Motley Fool contributor James Mickleboro has positions in Life360, Lovisa, and Nextdc. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Life360 and Lovisa. The Motley Fool Australia has positions in and has recommended Life360. The Motley Fool Australia has recommended Lovisa. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Growth Shares

Woman enjoying listening to music on her headphones.
Growth Shares

3 ASX 200 shares I'd buy and hold for a decade

I take a closer look at three shares with plenty of room to grow over the next decade.

Read more »

A young man punches the air in delight as he reacts to great news on his mobile phone.
Growth Shares

A rare buying opportunity in 1 of Australia's top shares?

This stock has an excellent outlook. I think it’s a buy!

Read more »

Senior couple enjoying each other's company while walking on the beach.
Growth Shares

3 ASX shares I think could return 10%+

I look at three fallen ASX shares that I think could deliver strong returns from here.

Read more »

Watering can pouring water on increasing piles of coins with green plants on them and a piggy bank and coins on the table.
Growth Shares

2 top ASX shares to buy and hold for the next decade

I think long-term investing with these stocks is the way to go.

Read more »

A group of hands up in the air as if signifying a hearty vote in favour of a motion.
Growth Shares

2 ASX shares highly recommended to buy: Experts

These stocks are widely liked by investment professionals.

Read more »

Smiling woman taking a video through a plane window with her phone.
Growth Shares

3 ASX 200 shares I'd buy if I couldn't sell for 10 years

A decade changes what I look for in an investment, putting far more weight on long-term business growth.

Read more »

Red buy button on an Apple keyboard with a finger on it.
Growth Shares

Fund managers: 2 exciting ASX shares that could be excellent buys

These businesses are rated as having very positive futures…

Read more »

Woman and man at work looking at data on a tablet at work.
Growth Shares

Why I think these are the best ASX shares to buy and hold

I think these three market-leading businesses still have plenty of room to become much larger over the next decade.

Read more »