If you're looking to bolster your portfolio with an ASX growth share or two, then I have good news for you.
Listed below are a couple of high quality ASX growth shares with bucketloads of potential that have recently been named as buys.
Here's what analysts are saying about these shares right now:
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Corporate Travel Management Ltd (ASX: CTD)
The team at Morgans believes that this corporate travel booker is an ASX growth share to buy right now.
Morgans believes Corporate Travel Management is well-positioned for growth over the medium term. This is thanks to acquisitions made during the pandemic, its lower cost base, and technology development. The broker explains:
CTD should be a materially larger business post COVID given it has made two highly accretive acquisitions during the downturn. The company has also won a lot of new business, implemented structural cost-out opportunities and continued to develop its market-leading technology.
Morgans has an add rating and $25.65 price target on its shares. This compares to the latest Corporate Travel Management share price of $20.43.
Xero Limited (ASX: XRO)
Another ASX growth share that could be a buy is Xero.
It provides a platform for online accounting and business services to small businesses across the globe.
Goldman Sachs is very positive on the company and believes it is well-placed to grow into its massive market opportunity over the long term. It commented:
We see Xero as very well-placed to take advantage of the digitisation of SMBs globally, driven by compelling efficiency benefits and regulatory tailwinds, with >100mn SMBs worldwide representing a >NZ$76bn TAM.
Goldman Sachs currently has a buy rating and $130.00 price target on its shares. This compares to the latest Xero share price of $105.87.
