There are plenty of ASX shares that are growing. However, few are growing their earnings as rapidly as the ASX shares listed below.
Here's why these could be ASX 200 growth shares to buy in March:
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Lovisa Holdings Limited (ASX: LOV)
The first ASX 200 share to look at is fast-fashion jewellery retailer Lovisa. It could be a top long term option due to the popularity of its affordable offering and its significant global expansion plans.
The latter is a key reason why Morgans is so bullish on the company. It recently wrote:
LOV commented today that it sees 'lots of white space' around the world for future network expansion. This, in our opinion, is the reason to own LOV. The business has a product that can be deployed around the world; an efficient fit-out process; a strong position in a niche segment; and the ambition to turn Lovisa into a truly global brand.
Morgans has an add rating and $29.00 price target on its shares.
WiseTech Global Ltd (ASX: WTC)
Another ASX 200 growth share that could be a buy is this logistics solutions company.
WiseTech is the company behind the popular CargoWise One solution, which allows users to execute complex logistics transactions and manage freight operations from a single, easy to use platform.
Demand has been strong for its platform over the last few years and underpinned strong sales and profit growth.
Pleasingly, this strong form has continued in FY 2023, with the company reporting stellar growth during the first half. And with management expecting more of the same in the second half, WiseTech is guiding to revenue growth of 26% to 30% and EBITDA growth of 19% to 29% for the full year.
Morgan Stanley is positive on the company's outlook. It has an overweight rating and $70.00 price target on its shares.
