If you have room to add one or two growth shares into your portfolio in 2020, then the shares listed below could be worth considering.
I believe all 10 shares are well-positioned to be market-beaters next years. Here's why:
Afterpay Touch Group Ltd (ASX: APT)
Due to the increasing popularity of its buy now pay later platform, I believe this payments company could be a strong performer again in 2020. Especially given the incredible active customer growth in the United Kingdom and United States.
Altium Limited (ASX: ALU)
Due to its exposure to the rapidly growing Internet of Things market, I believe Altium is capable of growing its revenue and earnings at a very strong rate over the next few years. Overall, I believe it is well-positioned to achieve its revenue target of US$500 million by FY 2025.
Appen Ltd (ASX: APX)
Another top growth share to consider buying is Appen. It is a fast-growing developer of high-quality, human-annotated training data for machine learning and artificial intelligence. Given the extremely positive outlook for the markets it operates in, I believe it can continue its impressive form for many years to come.
Bravura Solutions Ltd (ASX: BVS)
This provider of software products and services to the wealth management and funds administration industries could be a good long-term investment. Thanks to the growing popularity of its Sonata wealth management platform and the recent acquisition of Midwinter for $50 million, I believe it is well-placed for long-term growth.
CSL Limited (ASX: CSL)
One of my favourite growth shares to buy is CSL. I'm a big fan of the company due to the quality and strong long term growth potential of both its CSL Behring and Seqirus businesses. Overall, I feel the biotherapeutics giant could be a market-beater again in 2020.
Nanosonics Ltd (ASX: NAN)
Nanosonics is a leading infection control specialist behind the industry-leading trophon EPR disinfection system for ultrasound probes. I believe it is well-placed for solid long term growth thanks to its sizeable global market opportunity, increasing demand, and the upcoming launch of new products.
Nearmap Ltd (ASX: NEA)
This leading aerial imagery technology and location data company could be a market beater in FY 2020. Especially given a recent pullback in its share price. Furthermore, management estimates that it has only captured 1% to 2% of the North American market. I believe this gives it a significant runway for growth.
Webjet Limited (ASX: WEB)
This online travel agent's shares have fallen heavily recently due to with Thomas Cook collapse and concerns over the threat of Google on the travel bookings industry. I think this has left its shares trading at a very attractive price for an investment for 2020.
Xero Limited (ASX: XRO)
Xero is a business and accounting software provider. It is quickly becoming the platform of choice for small and medium sized businesses across the globe. It will release its half year results in November. I'm confident they will be strong and set it up for a stellar 2020.
Zip Co Ltd (ASX: Z1P)
It isn't just Afterpay that is benefiting from the increasing popularity of buy now pay later platforms. Zip Co has also been growing at an explosive rate over the last couple of year. Pleasingly, it looks well-positioned to continue this positive form in FY 2020 thanks to its international expansion.
