3 high-quality ASX growth shares to buy in December

Analysts say that these growth shares could be top buys next month.

| More on:
a man looks down at his phone with a look of happy surprise on his face as though he is thrilled with good news.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

If you are a fan of growth shares, then it could be worth considering the three ASX growth shares listed below in December.

Here's what you need to know about these buy-rated shares:

Lovisa Holdings Ltd (ASX: LOV)

This first ASX growth share to look at is fashion jewellery retailer Lovisa. Morgans is very bullish on the company due to its global expansion plans. It highlights that "LOV grew substantially in FY23 to finish the year with an 801-store network in 39 countries. We believe it plans to enter mainland China in FY24, paving the way for significant longer-term growth."

The broker has an add rating and a $27.50 price target on its shares.

Pilbara Minerals Ltd (ASX: PLS)

Another ASX growth share that is rated highly is Pilbara Minerals. It is one of the world's largest lithium miners and the owner of the world-class Pilgangoora Project. Macquarie remains very positive on the company despite falling lithium prices and continues to forecast strong earnings over the coming years.

Macquarie also sees huge upside for its shares with its outperform rating and $7.10 price target.

TechnologyOne Ltd (ASX: TNE)

A final ASX growth share to buy could be TechnologyOne. It is a leading enterprise software provider that transforms the way organisations interact with their customers and communities. Goldman Sachs likes the company due to its defensive earnings and positive growth outlook.

Its analysts highlight that "TNE has executed well on transitioning its customer base to the cloud and driving incremental cross-sell, in our view building the case for sustainable ~10-15% ARR growth with upside to TNE's 115% NRR target."

Goldman has a buy rating and $18.05 price target on Technology One's shares.

Motley Fool contributor James Mickleboro has positions in Lovisa. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group, Lovisa, Macquarie Group, and Technology One. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended Lovisa and Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Growth Shares

A person with a round-mouthed expression clutches a device screen and looks shocked and surprised.
Growth Shares

2 explosive ASX shares that could go parabolic

These shares could be destined for big things in the future.

Read more »

A bearded man holds both arms up diagonally and points with his index fingers to the sky with a thrilled look on his face over these rising Tassal share price
Growth Shares

3 exciting ASX 200 growth shares to buy in July

Brokers think these shares could be top picks for growth investors.

Read more »

A woman sits on sofa pondering a question.
Growth Shares

Is this the best ASX 200 share to buy for growth?

This stock is exposed to multiple growth tailwinds.

Read more »

A happy young couple lie on a wooden deck using a skateboard for a pillow.
Growth Shares

Where to invest $50,000 in ASX shares

Analysts think these shares could be great destinations for your hard-earned money.

Read more »

A bland looking man in a brown suit opens his jacket to reveal a red and gold superhero dollar symbol on his chest.
Growth Shares

3 ASX 200 growth shares with room to run in FY26

Let's see why analysts think these shares are top picks for growth investors in the new financial year.

Read more »

Group of children dressed in green hold up a globe relating to climate change.
Growth Shares

3 ASX 200 shares quietly riding major global trends

Analysts think these buy-rated shares are destined to have bright futures.

Read more »

Three excited business people cheer around a laptop in the office
Growth Shares

These amazing ASX shares could be compounding machines

Let's see why these quality shares could be key to generating big returns over the next decade.

Read more »

Hand holding Australian dollar (AUD) bills, symbolising ex dividend day. Passive income.
Growth Shares

Where to invest $5,000 in ASX shares for growth

These shares could be top picks for investors looking for growth opportunities.

Read more »