3 top ASX shares to buy this week

Kogan.com Ltd (ASX:KGN) and these ASX shares could be great options for ASX investors this week…

| More on:
three reasons to buy asx shares represented by man in red jumper holding up three fingers

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

Are you planing to add some more ASX shares to your portfolio?

Three ASX shares that could be worth considering this month are listed below. Here's what you need to know about them:

Domino's Pizza Enterprises Ltd (ASX: DMP)

The first ASX share to look at is Domino's. The pizza chain operator could be a good option for investors due to its strong long term growth outlook. At the end of the first half, Domino's had a network of 2,800 stores. But it isn't settling for this and is now aiming to grow its network organically to 5,500 stores by 2033. Management is also looking for possible acquisitions, which would increase its footprint even further. Combined with its same store sales growth target, Domino's looks well-placed for growth over the long term.

Morgans currently has an add rating and $119.00 price target on the company's shares.

Kogan.com Ltd (ASX: KGN)

Kogan is another option to consider. The leading ecommerce company has been growing very strongly due to the shift to online shopping. For example, during the first half of FY 2021, Kogan delivered a 97.4% increase in gross sales to $638.2 million and a 250.2% jump in adjusted net profit after tax to $36.5 million. While its growth will inevitably moderate once the pandemic passes, its long term outlook remains very favourable.

Credit Suisse has an outperform rating and $20.85 price target on its shares.

Nearmap Ltd (ASX: NEA)

Another option to consider is Nearmap. It is a growing aerial imagery technology and location data company. It provides businesses in the ANZ and North American markets with instant access to high resolution aerial imagery, city-scale 3D datasets, and integrated geospatial tools. Management is confident in its growth trajectory and is targeting annualised contract value (ACV) growth of 20% to 40% per annum over the long term.

Goldman Sachs currently has a buy rating and $2.95 price target on Nearmap's shares.

James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia owns shares of and has recommended Nanosonics Limited and Nearmap Ltd. The Motley Fool Australia has recommended Dominos Pizza Enterprises 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

A happy young woman in a red t-shirt hold up two delicious burritos.
Growth Shares

2 ASX 200 shares that could be top buys for growth

I’m bullish about these shares. Here’s why.

Read more »

Red buy button on an apple keyboard with a finger on it representing asx tech shares to buy today
Share Market News

The smartest growth stock to buy with $5,000 right now

This growth stock has the potential to keep on keeping on. 

Read more »

A person with a round-mouthed expression clutches a device screen and looks shocked and surprised.
Growth Shares

2 explosive ASX shares that could go parabolic

These shares could be destined for big things in the future.

Read more »

A bearded man holds both arms up diagonally and points with his index fingers to the sky with a thrilled look on his face over these rising Tassal share price
Growth Shares

3 exciting ASX 200 growth shares to buy in July

Brokers think these shares could be top picks for growth investors.

Read more »

A woman sits on sofa pondering a question.
Growth Shares

Is this the best ASX 200 share to buy for growth?

This stock is exposed to multiple growth tailwinds.

Read more »

A happy young couple lie on a wooden deck using a skateboard for a pillow.
Growth Shares

Where to invest $50,000 in ASX shares

Analysts think these shares could be great destinations for your hard-earned money.

Read more »

A bland looking man in a brown suit opens his jacket to reveal a red and gold superhero dollar symbol on his chest.
Growth Shares

3 ASX 200 growth shares with room to run in FY26

Let's see why analysts think these shares are top picks for growth investors in the new financial year.

Read more »

Group of children dressed in green hold up a globe relating to climate change.
Growth Shares

3 ASX 200 shares quietly riding major global trends

Analysts think these buy-rated shares are destined to have bright futures.

Read more »