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

Person pointing finger on on an increasing graph which represents a rising share price.
Growth Shares

2 ASX shares that I rate as buys today for both growth and dividends

These businesses have an incredible future ahead of them.

Read more »

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

2 ASX shares highly recommended to buy: Experts

These businesses have excellent growth potential!

Read more »

Increasing white bar graph with a rising arrow on an orange background.
Growth Shares

2 ASX growth shares to buy now while they're on sale

These businesses look like unmissable buys!

Read more »

A female ASX investor looks through a magnifying glass that enlarges her eye and holds her hand to her face with her mouth open as if looking at something of great interest or surprise.
Growth Shares

2 rapidly growing ASX shares down over 50% to buy now

These two ASX shares are down heavily, potentially creating a compelling buying opportunity.

Read more »

A boy is about to rocket from a copper-coloured field of hay into the sky.
Growth Shares

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

I think this business is a significant opportunity.

Read more »

Happy office workers stand together.
Growth Shares

2 ASX 200 shares that could dominate the next decade

These shares are market-leaders and could be well-positioned for growth over the long term.

Read more »

A happy young couple lie on a wooden deck using a skateboard for a pillow.
Growth Shares

I'd buy these ASX 200 shares if I wanted to invest for the next 20 years

The best long-term shares are often tied to needs that should keep expanding. I think these ASX 200 shares fit…

Read more »

A group of businesspeople clapping.
Growth Shares

Why I think this could be one of the best ASX 200 growth shares to buy

This company is already winning advisers, attracting flows, and taking share in a market that still has room for better…

Read more »