3 explosive ASX growth shares that could be strong buys

Nanosonics Ltd (ASX: NAN) and these ASX growth shares could provide strong returns for investors in the future. Here's why…

| More on:

Should you invest $1,000 in Coles Group Limited right now?

Before you buy Coles Group Limited shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Coles Group Limited wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

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

If you're a growth investor on the lookout for a few investment ideas, then the shares listed below could be worth considering.

They all look well-positioned for growth over the next decade and could generate outsized returns for investors. Here's why they are highly rated:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

If you're keen to get some international exposure then you could invest in some of the fastest growing tech companies in the Asia market via the BetaShares Asia Technology Tigers ETF. Through a single investment, investors will be buying a piece of companies that are revolutionising the lives of billions of people in the region. This includes ecommerce giant Alibaba, search engine company Baidu, and WeChat owner, Tencent.

Nanosonics Ltd (ASX: NAN)

Another growth share to look at is Nanosonics. It is an infection control company which is responsible for the hugely popular trophon EPR disinfection system for ultrasound probes. The company is also aiming to launch several new products in the coming years. These secretive products are understood to have similar addressable markets to the trophon EPR system. If these products are a success, they could underpin strong earnings growth over the next decade and beyond. Analysts at UBS are positive on the company and have a buy rating and $7.20 price target on its shares.

Pushpay Holdings Ltd (ASX: PPH)

A final ASX growth share to look at is Pushpay. It is a fast-growing donor management and community engagement platform provider to the faith sector in the United States, Canada, Australia, and New Zealand. Pushpay's platform usage has been growing strongly in recent years, leading to the company delivering a ~1,500% increase in EBITDAF in FY 2020. Pleasingly, more strong growth is expected this year, with the company on course to more than double its operating earnings. Looking further ahead, Pushpay is aiming to win a 50% share of the medium and large church market. This represents a US$1 billion revenue opportunity for Pushpay. Goldman Sachs is a fan and has a conviction buy rating and $2.59 price target on its shares.

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 Nanosonics Limited and PUSHPAY FPO NZX. The Motley Fool Australia owns shares of and has recommended BetaShares Asia Technology Tigers ETF. The Motley Fool Australia has recommended Nanosonics Limited and PUSHPAY FPO NZX. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Growth Shares

Man holding out Australian dollar notes, symbolising dividends.
Growth Shares

3 ASX 200 shares to buy with $1,000

Here are three top picks according to analysts for investors looking at putting their money to work in the share…

Read more »

Suncorp share price Businessman cheering and smiling on smartphone
Growth Shares

3 ASX 200 shares for smart investors to buy

Analysts think these shares could be smart buys this month. Let's find out why.

Read more »

Smiling couple looking at a phone at a bargain opportunity.
Growth Shares

Looking for ASX growth shares? I rate these 2 as buys in May

These ASX investments have an exciting future. Here’s why.

Read more »

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

The best ASX growth stocks for smart investors to buy with $5,000

Analysts are bullish on these shares. Let's find out why.

Read more »

Happy young couple saving money in piggy bank.
Growth Shares

Where to invest $2,500 into ASX 200 shares today

Analysts think these shares could be top buys for investors with money to invest.

Read more »

Two people having a meeting using a laptop and tablet to discuss Seven West Media's balance sheet
Growth Shares

3 excellent ASX shares to buy for your SMSF

Analysts think these shares could be top picks for SMSF investors. Let's find out why.

Read more »

A woman presenting company news to investors looks back at the camera and smiles.
Growth Shares

2 ASX growth shares to supercharge your portfolio

Analysts think these shares could be in the buy zone for growth investors right now.

Read more »

A group of people gathered around a laptop computer with various expressions of interest, concern and surprise on their faces. All are wearing glasses.
Growth Shares

Turn $300 into significant wealth: 3 explosive ASX opportunities for Aussie investors

Analysts think these shares could be great picks for growth focused investors.

Read more »