3 stellar ASX growth shares analysts love

These growth shares could be going places…

| More on:

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 planning to add some growth shares to your portfolio in July, then you might want to look at the shares listed below.

All three of these ASX growth shares have been tipped as buys recently. Here's what you need to know about them:

stack of wooden blocks with '1, 2, 3' written on them

Image source: Getty Images

Breville Group Ltd (ASX: BRG)

The first ASX growth share to look at is Breville. It is the leading appliance manufacturer behind the Sage and eponymous Breville brands, to name just two. It has been growing at a strong rate over the last few years thanks to acquisitions, its international expansion, and its continued investment in research and development. The latter is ensuring that Breville has a strong and innovative product portfolio.

UBS is positive that its growth can continue for the foreseeable future. As a result, it analysts currently have a buy rating and $35.70 price target on its shares.

Hipages Group Holdings Ltd (ASX: HPG)

Another growth share to look at is Hipages. It is a leading Australian-based online platform and software as a service (SaaS) provider. Hipages' platform connects tradies with residential and commercial consumers, providing job leads from homeowners and organisations looking for qualified professionals.

Analysts at Goldman Sachs are very bullish on the company. They believe it has a bright future and see a huge growth runway ahead as its ecosystem builds. Goldman has a buy rating and $3.40 price target on its shares.

PointsBet Holdings Ltd (ASX: PBH)

A final growth share to look at is PointsBet. It is a sports wagering operator and iGaming provider with operations in the ANZ and US markets. PointsBet offers innovative sports betting products and services via its scalable cloud-based platform. It has been growing at a rapid rate thanks to the increasing popularity of mobile sports betting and innovative new products.

Goldman Sachs is also a big fan of PointsBet. Due to its huge opportunity in the United States, the broker is tipping the company to grow very strongly during the 2020s. Goldman currently has a buy rating and $17.20 price target on its shares.

Motley Fool contributor 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 and has recommended Hipages Group Holdings Ltd. and Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. 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

ASX share price on watch represented by man looking through magnifying glass
Growth Shares

10 ASX 200 shares to buy after the market selloff

The market was sold off on Monday. Here's why these shares could be buys.

Read more »

Two kids are selling big ideas from a lemonade stand on the side of the road for cheap!
Growth Shares

3 shares I'm buying if this ASX sell-off gets worse

These businesses have gotten far too cheap, in my view.

Read more »

A woman sprints with a trail of fire blazing from her body.
Growth Shares

2 exciting ASX growth stocks tipped to storm higher

Brokers think that theses shares could double over 12 months.

Read more »

Contented looking man leans back in his chair at his desk and smiles.
Growth Shares

1 ASX growth share down 36% to buy right now

Bell Potter sees potential for this stock to rebound strongly.

Read more »

bull market encapsulated by bull running up a rising stock market price
Share Market News

Here's the earnings forecast out to 2030 for Zip shares

Big volatility could mean a significant investment opportunity.

Read more »

Buy and sell written on a white cube.
Growth Shares

2 ASX shares highly recommended to buy: Experts

There is a wide range of analysts who rate these businesses as a buy…

Read more »

A beautiful woman holds up one finger with one hand and has her hand on her waist with the other as she smiles widely as though she is very pleased about something.
Growth Shares

2 ASX growth stocks set up for massive gains in 2026+

These businesses are positioned at the centre of major technology shifts that could drive strong earnings growth.

Read more »

A young woman holding her phone smiles broadly and looks excited, after receiving good news.
Growth Shares

Is this the most underrated ASX 200 growth share right now?

Strong platform inflows and growing adviser adoption are helping this ASX 200 share scale rapidly in Australia’s wealth management industry.

Read more »