Are you looking to add a few growth shares to your portfolio? Then you might want to consider buying the three ASX shares listed below.
I believe all three have the potential to grow very strongly over the next decade and could provide strong returns for investors.
Here's why I would buy these ASX growth shares:
a2 Milk Company Ltd (ASX: A2M)
The first ASX growth share to consider buying is a2 Milk Company. I continue to believe that the infant formula and fresh milk company can grow materially in the future and drive strong returns for investors. This is due to the increasing demand for its infant formula in China and its relatively modest market share in the lucrative market. This should be supported by the expansion of its fresh milk footprint and potential earnings accretive acquisitions.
Kogan.com Ltd (ASX: KGN)
Another ASX growth share to consider buying is Kogan. Although this ecommerce company's shares have been on fire over the last few months thanks to a spike in sales and customer numbers during the pandemic, I don't believe it is too late to invest. I believe Kogan is well-placed to continue its strong growth over the next decade thanks to the growing popularity of its website, more spending online, and its acquisition plans.
Pushpay Holdings Group Ltd (ASX: PPH)
A final ASX growth share to look at buying is Pushpay. It is a fast-growing donor management platform provider for the faith and not-for-profit sectors. After smashing expectations in FY 2020, Pushpay has provided guidance for more strong growth in FY 2021. Pleasingly, its strong growth looks unlikely to end there. Management is targeting a 50% share of the medium to large church market in the future. This represents a US$1 billion opportunity and is many multiples of its current revenue.
