There are plenty of options out there for growth investors to choose from. To narrow things down, I have picked three ASX growth shares that could be top buys in September.
Here's what analysts are saying about them:
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Flight Centre Travel Group Ltd (ASX: FLT)
The first ASX growth share that could be a buy in September is leading travel agent, Flight Centre. Morgans was pleased with its FY 2023 performance and is positive on its future. The broker highlights that "with confidence that the travel recovery has much further to go and the benefits of FLT's transformed business model emerging, we think the company is well placed over coming years."
Morgans has an add rating and a $26 price target on its shares. This suggests a potential upside of almost 23% from current levels.
Lovisa Holdings Ltd (ASX: LOV)
Morgans also thinks that Lovisa is an ASX growth share to buy this month. Its analysts are very bullish on the fashion jewellery retailer due to its store expansion plans. The broker highlights that "plans to enter mainland China in FY24" are "paving the way for significant longer-term growth."
In light of this, the broker has increased its long-run earnings estimates and reaffirmed its add rating and with a $27.50 price target. This implies a potential upside of approximately 23% for investors over the next 12 months.
Treasury Wine Estates Ltd (ASX: TWE)
A final ASX growth share that has been named as a buy is wine giant and Penfolds owner, Treasury Wine. While the last few years have been tough for the company, the team at Goldman Sachs believes the company is "re-entering a growth phase with a 12% EPS CAGR." In light of this, the broker feels that its shares are attractively priced at the current level.
Goldman has a buy rating and a $13.40 price target on Treasury Wine's shares. This suggests a potential upside of 15% for investors between now and this time next year.
