Do you have room for some ASX growth shares in your portfolio? If you do, then read on! That's because listed below are three growth shares that analysts are feeling bullish on right now.
Here's what you need to know about these buy-rated shares:
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Macquarie Technology Group Ltd (ASX: MAQ)
Goldman Sachs thinks that Macquarie Technology could be an ASX growth share to buy. It is a leading data centre, cloud, cyber security, and telecom company for mid to large business and government customers.
Goldman highlights that Macquarie Technology has "high-quality underlying businesses across the IT stack from data centre infrastructure to managed services and cybersecurity." It also believes that "MAQ is on track to building an enduring vertically-integrated cloud franchise."
Goldman has a conviction buy rating and a $77.70 price target on the company's shares.
Pilbara Minerals Ltd (ASX: PLS)
Another ASX growth share that could be a buy is Pilbara Minerals. It is the lithium miner that operates the world-class Pilgangoora Project in Western Australia.
Morgans remains positive on the company. In fact, its analysts "rate PLS as our best pick of the pure-play lithium stocks." This is because it "is well funded, has a long resource life and is an established Australian operator with multiple growth options ahead of it."
Morgans has an add rating and a $5 price target on its shares.
Treasury Wine Estates Ltd (ASX: TWE)
A third ASX growth share that could be a buy is Treasury Wine. It is one of the world's largest wine companies and the owner of a collection of popular brands such as Penfolds and 19 Crimes.
Goldman Sachs believes its shares are trading at an attractive level given its positive growth outlook. The broker points out that "TWE is now re-entering a growth phase with a 12% EPS CAGR and PEG of <2x which is attractive vs the rest of our consumer coverage."
Its analysts have a buy rating and a $13.26 price target on Treasury Wine's shares.
