Are you interested in adding some more ASX shares to your portfolio when the market reopens?
Three ASX growth shares that could be worth considering are listed below. Here's what you need to know about them:
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Altium Limited (ASX: ALU)
The first ASX growth share to look at is Altium. It is an award-winning printed circuit board (PCB) design software provider. Thanks to its leadership position in a market growing rapidly, management has set itself some bold growth targets over the coming years. This includes more than doubling its revenue to US$500 million by 2026.
Bell Potter appears confident it will get there. As such, it has put a buy rating and $41.25 price target on its shares.
Aristocrat Leisure Limited (ASX: ALL)
Another ASX growth share to look at is Aristocrat Leisure. It is one of the world's leading gaming technology companies. Aristocrat has emerged from the pandemic in an arguably stronger position than when it entered it. This is demonstrated by its continued market share gains since the reopening. Another positive is that its digital business, now called Pixel United, continues to grow strongly and generate significant recurring revenues. Combined with its share buyback and potential expansion into the real money gaming market, this bodes well for its earnings per share growth in the coming years.
Morgans is a fan of the company. It has an add rating and $43.00 price target on its shares.
TechnologyOne Ltd (ASX: TNE)
A final ASX growth share to look at is enterprise software provider TechnologyOne. It is currently transitioning to become a software-as-a-service (SaaS) focused business. Pleasingly, management has a lot of confidence in the transition. So much so, it is aiming to almost double its annual recurring revenue (ARR) to $500 million by FY 2026.
The team at Goldman Sachs is very positive on Technology One and have been pleased with its transition. The broker currently has a buy rating and $13.30 price target on its shares. Goldman believes the risks are to the upside for TechnologyOne's ARR target.
