3 excellent ASX growth shares analysts rate as buys

These ASX growth shares have been tipped as buys…

| More on:
A man with a wide, eager smile on his face holds up three fingers.

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

Are you looking to add some growth shares to your portfolio when the market reopens?

If you are, three ASX growth shares that could be worth considering are listed below. Here's what you need to know about them:

Allkem Ltd (ASX: AKE)

The first ASX growth share to consider is Allkem. It is one of the world's largest lithium miners with projects in Argentina, Australia, and North America. From these projects, the company is aiming to grow its production in a manner that allows it to maintain a 10% share of global lithium supply over the long term. And with lithium prices at such high levels and tipped to remain strong in the coming years due to demand outstripping supply, Allkem appears well-placed to grow its earnings and potentially start paying dividends.

Macquarie's analysts are bullish on Allkem and have an outperform rating and $21.00 price target on its shares.

Aristocrat Leisure Limited (ASX: ALL)

Another ASX growth share that has been tipped as a buy is Aristocrat Leisure. It is one of the world's leading gaming technology companies with a portfolio of world class pokie machines and a growing digital business. The former continues to win market share thanks to their popularity with casinos and players. Combined with the strong recurring revenues being generated by digital/mobile games such as Raid and its potential expansion into the real money gaming market, the company has been tipped to continue its solid earnings growth over the coming years.

Morgans is positive on the company and has an add rating and $43.00 price target on its shares.

ResMed Inc. (ASX: RMD)

A third and final growth share that has been named as a buy is ResMed. It is a sleep treatment-focused medical device company that has been tipped to continue its strong growth over the coming years. This is thanks to its world class product portfolio, a major competitor recall, and its massive global market opportunity. In respect to the latter, management estimates that there are 1 billion people impacted by sleep apnoea worldwide, with only ~20% of these sufferers currently diagnosed. As education around sleep disorders grows and more sufferers are diagnosed, demand for ResMed's products is likely to increase.

Goldman Sachs is bullish on ResMed and has a buy rating and $36.80 price target on its shares.

Should you invest $1,000 in Allkem right now?

Before you buy Allkem shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Allkem wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 6 March 2025

Motley Fool contributor James Mickleboro has positions in Allkem Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended ResMed Inc. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has positions in and has recommended ResMed Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Growth Shares

Happy work colleagues give each other a fist pump.
Growth Shares

3 beaten-down ASX growth shares that could roar back in 2025

These beaten down shares could be top buys according to analysts. Let’s find out why.

Read more »

A businessman holding a world globe in one hand, representing global investment.
Growth Shares

3 exciting ASX growth shares with massive long-term potential

Analysts think these buy-rated growth shares could have significant potential.

Read more »

A woman wearing a hard hat holds two sparking wires together as energy surges between them. representing the rising Li-S Energy share price today
Growth Shares

Supercharge your wealth with these buy-rated ASX growth shares

Analysts say that these shares would be great picks for growth investors.

Read more »

Two smiling work colleagues discuss an investment or business plan at their office.
Growth Shares

3 ASX growth shares down 30% or more to buy right now

Analysts are expecting these shares to rebound strongly from recent weakness.

Read more »

A man sees some good news on his phone and gives a little cheer.
Growth Shares

Why these ASX growth shares could rise 30%+

Analysts think these shares are undervalued. Let's see what they are saying.

Read more »

A young man pointing up looking amazed, indicating a surging share price movement for an ASX company
Growth Shares

3 fantastic ASX 200 growth shares to buy with $20,000

Brokers think these shares are going places. Let's see what they are.

Read more »

a woman holds a facebook like thumbs up sign high above her head. She has a very happy smile on her face.
Growth Shares

1 magnificent ASX stock down 33% to buy and hold forever

Analysts think that this fallen angel could be a quality buy right now.

Read more »

Hand holding Australian dollar (AUD) bills, symbolising ex dividend day. Passive income.
Growth Shares

Got $2,000 to invest? These ASX shares could rise 30% to 60%

Analysts are tipping these shares to rise strongly from current levels.

Read more »