3 highly rated ASX growth shares to buy now

NEXTDC Ltd (ASX:NXT) and these highly rated ASX growth shares could be the ones to buy now. Here's what you need to know…

| More on:
A man holds up his hand with 3 fingers up

Image source: Getty Images

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

The Australian share market is home to a large number of growth shares. In fact, there are so many to choose from, it can be hard to decide which ones to buy ahead of others.

To narrow things down, I have picked out three ASX growth shares that are highly rated. They are as follows:

Aristocrat Leisure Limited (ASX: ALL)

The first ASX growth share to look at is Aristocrat Leisure. It is one of the world's leading gaming technology companies. While times have been hard for the company's poker machine business due to the pandemic, its digital business has delivered strong growth. So with vaccines now rolling out across the globe, it may not be long until both businesses are pulling together. Analysts at Morgan Stanley believe it is worth sticking with the company. They currently have an overweight rating and $38.00 price target on its shares.

NEXTDC Ltd (ASX: NXT)

Another ASX growth share to look at is NEXTDC. It is a leading data centre operator which has been growing strongly in recent years thanks to increasing demand for capacity in its centres. This has been driven by the structural shift to the cloud, which still has a long way to go. Citi is a fan of the company and expects its strong form to continue for the foreseeable future. Last week it put a buy rating and $14.45 price target on NEXTDC's shares.

REA Group Limited (ASX: REA)

A final ASX growth share to consider buying is REA Group. It is the dominant player in real estate listings in the Australian market. Which certainly is a great place to be right now thanks to the rebounding housing market. Combined with new revenue streams, flat costs, and potential price increases, REA Group looks well-placed to for growth in the coming years. Morgan Stanley is very bullish on the company. It currently has an overweight rating and $175.00 price target on its shares.

Motley Fool contributor James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia has recommended REA Group Limited. 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

Smiling woman with her head and arm on a desk holding $100 notes out, symbolising dividends.
Growth Shares

Invest $10,000 into these Australian shares in December

Analysts think these shares could generate big returns for investors.

Read more »

A man holding a cup of coffee puts his thumb up and smiles while at laptop.
Growth Shares

2 of the best ASX growth shares money can buy

Bell Potter rates these growth shares very highly. But why?

Read more »

A smiling travel agent sitting at her desk working for Corporate Travel Management
Growth Shares

My 2 best ASX growth shares to buy in November

Growth continues to catch the market's attention.

Read more »

a man looks down at his phone with a look of happy surprise on his face as though he is thrilled with good news.
Growth Shares

Buy these ASX growth shares for 16% to 25% returns

Analysts are saying good things about these buy-rated shares.

Read more »

two children squat down in the dirt with gardening tools and a watering can wearing denim overalls and smiling very sweetly.
Growth Shares

How to maximise $10,000 by investing in 2 ASX growth shares

Here are my best growth ideas on the ASX right now.

Read more »

A man sees some good news on his phone and gives a little cheer.
Growth Shares

These ASX 200 growth shares could rise 50% to 60%

Big returns could be on offer from these growing companies according to analysts.

Read more »

Sports fans looking at smart phone representing surging pointsbet share price
Growth Shares

Up 111% in six months, this soaring ASX share is backed to keep rising

One fund manager thinks this ASX growth share can continue its phoenix performance.

Read more »

a happy investor with a wide smile points to a graph that shows an upward trending share price
Growth Shares

These ASX growth shares are being tipped to smash the market

Returns of 14% to 68% could be on the cards for buyers of these shares according to brokers.

Read more »