Are you interested in adding some ASX growth shares to your portfolio? If you are, you may want to look at the three listed below.
Here's what you need to know about these growth shares:
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Breville Group Ltd (ASX: BRG)
The first ASX growth share to look at is Breville. It is a leading appliance manufacturer with a growing stable of brands which continue to grow in popularity with consumers. Combined with its global expansion and consistent investment in research and development, this has underpinned solid sales and earnings growth over the last decade.
Morgans is bullish on Breville and expects its solid growth to continue in the coming years. The broker currently has an add rating and $25.00 price target on its shares. This compares to the latest Breville share price of $19.33.
Domino's Pizza Enterprises Ltd (ASX: DMP)
Another growth share that has been tipped as a buy is this pizza chain operator. It is rated highly due to its strong brand, investment in technology, and bold expansion plans. The latter sees the company aiming to more than double its network by 2033. Domino's has also been putting its strong balance sheet to work with acquisitions. This trend could continue, increasing its potential footprint even further in the coming years.
Morgans is positive on the company's future and sees recent weakness as a buying opportunity. The broker has an add rating and $90.00 price target on its shares. This suggests over 50% upside based on the current Domino's share price of $58.63.
Life360 Inc (ASX: 360)
A final ASX growth share to look at is Life360. This rapidly growing location technology company is responsible for the Life360 mobile app. This market-leading app is for families and offers useful features such as communications, driver safety, and location sharing. At the last count, there were over 40 million active users of it. Life360 also recently acquired wearables company Jiobit and items tracking company Tile. These are opening the door to significant cross and upselling opportunities.
Bell Potter remains bullish on the company's future. It currently has a buy rating and $8.23 price target on its shares. This compares favourably to the current Life360 share price of $5.69.
