If you're a growth investor with room for some new portfolio additions, then it could be worth considering the three ASX growth shares listed below.
Here's what you need to know about these buy-rated ASX shares:
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Altium Limited (ASX: ALU)
Altium could be an ASX growth share to buy this month. It is an electronic design software provider on a quest to dominate its market. And given how demand for this type of specialist software is expected to increase strongly in the future thanks to the AI and IoT megatrends, this would be a great market to dominate.
Morgan Stanley is a fan of the company and currently has an overweight rating and a $43.50 price target on its shares.
IDP Education Ltd (ASX: IEL)
Another ASX growth share that could be a buy is IDP Education. It is a language testing and student placement company that has been growing at a strong rate for many years. The good news is that Goldman Sachs believes this trend will continue even after it lost its monopoly in Canada. It is forecasting average earnings per share growth of 27% per annum through to FY 2025. In light of this, it feels recent weakness has created a buying opportunity for investors.
Goldman has a buy rating and a $28.90 price target on IDP Education's shares.
WiseTech Global Ltd (ASX: WTC)
A final ASX growth share that has been named as a buy is WiseTech Global. It is the logistics solutions company behind the CargoWise One platform. This platform has become incredibly important to the global logistics industry and is underpinning stellar recurring revenue growth. UBS believes this can continue and is forecasting solid growth in the coming years.
As a result, the broker has a buy rating and a $85.90 price target on its shares.
