Looking for some new portfolio additions and have a penchant for ASX 200 growth shares?
If you are, then it could be worth checking out the two shares listed below that have recently been named as buys.
Here's what you need to know about these highly-rated ASX growth shares:
Image source: Getty Images
Breville Group Ltd (ASX: BRG)
Breville could be an ASX 200 growth share to buy right now.
It is the leading appliance manufacturer behind brands such as Breville, Sage, Kambrook, and Baratza. These products are found in countless kitchens across Australia and the world.
The team at Morgan Stanley thinks investors should be snapping up its shares right now. Particularly given that it believes the company could have had a strong first half based on industry updates. In addition, it highlights potential margin tailwinds that will be supportive of growth.
Morgan Stanley has an overweight rating and $29.00 price target on Breville's shares.
Life360 Inc (ASX: 360)
Another ASX 200 growth share that could be a buy this month according to analysts is Life360.
It is a Silicon Valley based technology company with a focus on products and services for digitally native families. The key product is the increasingly popular Life360 app, which has almost 60 million active users. It offers families features such as communications, driver safety, and location sharing.
Goldman Sachs is a big fan of the company and sees huge revenue growth ahead.
It analysts highlight that "Life360 is exposed to a US$12bn global TAM with a large opportunity to expand its product suite, grow average revenue per paying circle (ARPPC), increase payer conversion, and lift penetration rates outside of the US."
Goldman Sachs currently has a buy rating and $10.50 price target on its shares.
