Looking for growth shares to buy when the market reopens? Well, look no further, listed below are two ASX growth shares that are rated as buys by experts.
Here's what you need to know about them:
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NextDC Ltd (ASX: NXT)
The first ASX growth share to look at is data centre operator NextDC. It has been tipped as a buy by analysts at Goldman Sachs, who believe the company is well-placed for growth thanks to the structural shift to the cloud.
And while the broker acknowledges that growth shares have been out of favour with investors, it believes its digital infrastructure characteristics are hard to ignore. Goldman said:
Although acknowledging the ongoing rotation towards value may impact NXT shares, we believe the company has a compelling growth profile, a proven and profitable business model, and digital infrastructure characteristics that continue to attract significant strategic interest. Hence we re-iterate our Buy (on CL) for NXT.
Goldman Sachs is positive on the company and has a conviction buy rating and $14.20 price target on its shares.
Treasury Wine Estates Ltd (ASX: TWE)
Treasury Wine could be another ASX growth share to buy. This wine giant has been tipped for strong growth by analysts at Morgans.
And with its shares trading at a very attractive level compared to peers, the broker believes now could be an opportune time to make a move. Its analysts said:
TWE owns much loved iconic wine brands, the jewel in the crown being Penfolds. We rate its management team highly. The foundations are now in place for TWE to deliver strong earnings growth from the 2H22 over the next few years. Trading at a material discount to our valuation and other luxury brand owners, TWE is a key pick for us.
Morgans has an add rating and $13.93 price target on the company's shares.
