3 exciting ASX growth shares to buy in June

Bubs Australia Ltd (ASX:BUB) and these ASX growth shares could be top options for investors in June. Here's why I like them…

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A new month is just around the corner, so what better time to take a look at your portfolio and see if there are any additions that could take it to the next level.

To help you on your way, I've picked out three exciting growth shares that I believe are well-placed to be market beaters over the coming years.

Here's why I think it is worth looking at adding them to your portfolio:

Bubs Australia Ltd (ASX: BUB)

Bubs is a growing infant formula and baby food company which could be destined for big things. It has been growing at a strong rate over the last few years and looks well-placed to continue this trend in the coming years. Especially given increasing demand in China and its supply agreements with Coles Group Ltd (ASX: COL) and Woolworths Group Ltd (ASX: WOW) supermarkets. 

IDP Education Ltd (ASX: IEL)

IDP Education is a provider of international student placement services and English language testing services. It has been growing at an explosive rate over the last few years and was doing so in FY 2020 until the pandemic grounded its business to a halt. In the first half of the year IDP Education delivered a 49% increase in earnings before interest and tax to $86.9 million. While the second half will be much weaker and the first half of FY 2021 could be equally subdued, I believe it will bounce back very strongly once the crisis passes and international borders reopen again. After which, I believe it has the potential to grow very strongly over the next decade.

Pushpay Holdings Group Ltd (ASX: PPH)

The Pushpay share price has been on fire over the last 12 months, but I wouldn't let that put you off investing. I believe the donor management platform provider has the potential to grow materially over the next 10 years. Especially with management targeting a 50% share of the medium to large church market. This represents a US$1 billion per year revenue opportunity, which is many multiples more than the US$127.5 million revenue it delivered in FY 2020.

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of BUBS AUST FPO and Idp Education Pty Ltd. The Motley Fool Australia owns shares of and has recommended PUSHPAY FPO NZX. The Motley Fool Australia owns shares of COLESGROUP DEF SET. The Motley Fool Australia has recommended BUBS AUST FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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