3 quality ASX growth shares analysts rate as buys

These growth shares have been given buy rating…

| More on:
ASX shares profit upgrade chart showing growth

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

If you're planning to add some growth shares to your portfolio in September, 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:

Domino's Pizza Enterprises Ltd (ASX: DMP)

The first ASX growth share to look at is Domino's. This pizza chain operator has been growing at a solid rate for a long time. This has been driven by the expansion of its store network at home and overseas, acquisitions, and its focus on technology. The good news is that management isn't resting on its laurels and is aiming to continue expanding and growing its sales for some time to come. This could make it a top long term pick.

Citi is a fan of Domino's. It currently has a buy rating and $159.05 price target on its shares.

Nitro Software Ltd (ASX: NTO)

Another growth share to look at is Nitro Software. It is a software company that is aiming to drive digital transformation in organisations around the world with its key solution – Nitro Productivity Suite. Demand has been growing strongly in recent years and has continued in FY 2021. For example, during the first half it reported a 56% increase in annual recurring revenue (ARR) to $33.8 million.

Wilsons has been pleased with its performance so far in FY 2021. It recently retained its overweight rating and lifted its price target to $4.22.

PointsBet Holdings Ltd (ASX: PBH)

A final growth share to look at is PointsBet. It is a sports betting and iGaming provider with operations in the ANZ and US markets. It has been growing at a rapid rate thanks to the increasing popularity of mobile sports betting and its US expansion. Pleasingly, it is still only scratching at the surface of its US opportunity and has a significant runway for growth over the next decade.

Goldman Sachs is very bullish on PointsBet. It currently has a buy rating and $14.75 price target on its shares. The broker believes the company is well-placed to win a 10% share in the US states it operates in.

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 Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited, Nitro Software Limited, and 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

A smiling businessman in the city looks at his phone and punches the air in celebration of good news.
Growth Shares

3 ASX growth shares you'll wish you bought in June

Analysts think these shares could be destined for big things in the future.

Read more »

Father and daughter with hands on a small plant.
ETFs

Focused on growth? Here are 3 ASX ETFs to consider

Growth investors must ignore the current market noise about tariffs and focus on the long-term horizon.

Read more »

A female broker in a red jacket whispers in the ear of a man who has a surprised look on his face as she explains which two ASX 200 shares should do well in today's volatile climate
Growth Shares

Top brokers name 3 top ASX growth shares to buy now

Why are brokers feeling bullish on these names? Let's find out.

Read more »

Two plants grow in jars filled with coins.
Growth Shares

3 ASX 200 growth stocks up more than 100% in 1 year that could charge higher

It's been a memorable year for shareholders of these 3 companies.

Read more »

Afterpay share price a happy shopper with a wide mouthed smile holds multiple shopping bags up around her shoulders.
Growth Shares

The pros and cons of buying Zip shares in June

Should investors buy now or wait until later?

Read more »

A smiling woman holds a Facebook like sign above her head.
Growth Shares

3 ASX growth shares I'd buy for the next 10 years

Let's see why these shares could be top picks for the long term.

Read more »

wheelchair user in an office talking on mobile phone
Growth Shares

Why I'd buy this ASX growth share instantly

I’m calling on this stock to deliver strong returns.

Read more »

A happy boy with his dad dabs like a hero while his father checks his phone.
Growth Shares

2 ASX growth shares to buy in June: experts

These businesses have strong growth potential.

Read more »