Buy these 3 ASX growth shares this month: experts

Analysts reckon these growth shares have bucketloads of potential and should be in your portfolio…

| More on:
A woman with bright yellow hair wearing a brightly patterned blouse reacts to big news that she's reading on her phone.

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 this month?

If you are, three ASX growth shares that could be worth considering are listed below. Here's why analysts are tipping them as buys:

Altium Limited (ASX: ALU)

The first ASX growth share to consider buying is Altium. It is an an industry-leading printed circuit board (PCB) design software provider. PCBs are the boards you find inside almost all electronic devices and are integral to their operation. And as they come in all shapes and sizes, specialist software is required to design them. Thanks to Altium's dominant position in the market, management appears confident in its outlook and is aiming to more than double its revenue to US$500 million by 2026.

Morgan Stanley is positive on the company. It currently has a buy rating and $43.50 price target on its shares.

Aristocrat Leisure Limited (ASX: ALL)

Another ASX growth share to consider buying this month is Aristocrat Leisure. It is one of the world's leading gaming technology companies with a world class portfolio of poker machines and digital/mobile games. The latter has 5.5 million daily active users playing games such as Cashman Casino, Gummy Drop, EverMerge, Mech Arena, and RAID. Aristocrat is also undertaking a major (recently extended) share buyback and has expanded into the real money gaming market with a deal with MGM.

Citi is a fan of the company and has a buy rating and $41.20 price target on its shares.

Life360 Inc (ASX: 360)

A final ASX growth share that has been named as a buy is Life360. It is a location technology company behind the eponymous Life360 app, which has over 40 million active users. This app offers families features such as communications, driver safety, and location sharing. Goldman Sachs is very bullish on the company due to its leadership position and massive market opportunity. It notes that "Life360 is exposed to a US$12bn global TAM with a large opportunity to expand its product suite, grow average revenue per paying circle (ARPPC), increase payer conversion, and lift penetration rates outside of the US."

The broker currently has a buy rating and $7.90 price target on the company's shares.

Motley Fool contributor James Mickleboro has positions in Altium and Life360. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Altium and Life360. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Technology Shares

A joyful woman in a wheelchair on a beach holds a bunch of colourful balloons and spreads her arms wide towards the sunset.
Technology Shares

Up 180% in 12 months, this ASX share is predicted to keep rising

This soaring stock still has a lot of potential.

Read more »

Technology Shares

4 reasons WiseTech shares can keep roaring higher in 2025

A leading expert forecasts more outperformance from WiseTech shares in 2025.

Read more »

A man has a surprised and relieved expression on his face. as he raises his hands up to his face in response to the high fluctuations in the Galileo share price today
Technology Shares

Pro Medicus shares rocketed 161% in 2024: Is it still a buy?

Let's see whether analysts think this high-flying stock can keep rising.

Read more »

Happy man and woman looking at the share price on a tablet.
Technology Shares

3 ASX tech shares to buy in January

Analysts are tipping these shares as buys this month. Let's see what they are saying.

Read more »

Three people skydiving.
52-Week Lows

These ASX tech stocks just hit multi-year lows! Are they cheap?

A cheap share isn't always a bargain...

Read more »

women with a microphone is happy whilst using a computer
Technology Shares

2 quality ASX 200 tech shares primed to outperform in 2025

Looking to buy a few promising S&P/ASX 200 Index (ASX: XJO) tech shares to potentially boost your returns in 2025? Then…

Read more »

two businessmen shake hands amid a backdrop of tall buildings, indicating a share price movement or merger between ASX property companies
Mergers & Acquisitions

Buying WiseTech shares? Here's what's happening with the company's latest acquisition

WiseTech has announced a new strategic acquisition to expand its global offerings.

Read more »

A bored man sits at his desk, flat after seeing the latest news on the share market.
Technology Shares

Brainchip shares crash 10% on capital raising news

This semiconductor company is raising funds via a put option agreement again.

Read more »