Are you looking to add a growth share or two to your investment portfolio?
If you are, then analysts think the five listed below could be worth considering this month.
Here's why these growth shares could be top picks:
Image source: Getty Images
Aristocrat Leisure Limited (ASX: ALL)
The first ASX growth share that could be a buy is Aristocrat Leisure.
It is one of the world's leading gaming technology companies. It has operations across poker machines, real money gaming, and mobile games.
Citi is very positive on the company and is forecasting strong earnings growth in the near term. The broker currently has an outperform rating and $59.00 price target on its shares.
Life360 Inc (ASX: 360)
Analysts at Bell Potter see Life360 as an ASX growth share to buy. It is the location technology company behind the eponymous Life360 family tracking app.
The broker is positive on Life360 for a number of reasons. One is its belief that the company has the "potential to leverage its large and growing user base to enter new markets and disrupt the legacy incumbents."
Bell Potter has a buy rating and $19.00 price target on Life360's shares.
Temple & Webster Group Ltd (ASX: TPW)
A third ASX growth share that could be a buy is Australia's leading pureplay online furniture and homewares retailer, Temple & Webster.
Thanks to the structural shift to online shopping, the company has been growing at a rapid rate in recent years. And with this shift still only in its early days, it appears well-placed to continue its growth long into the future.
The team at Citi believes this is the case. As a result, the broker recently put a buy rating and $11.00 price target on its shares.
Webjet Limited (ASX: WEB)
Another ASX growth share for investors to look at is Webjet. It is an online travel booker and bedbank services provider.
Morgans is a fan of the company largely due to its bedbank business, WebBeds. It expects this side of the company to continue its growth for some time to come. It also highlights that there is still "significant market share still up for grabs."
Morgans has an add rating and price target of $11.20 on Webjet's shares.
WiseTech Global Ltd (ASX: WTC)
A final ASX growth share that could be a buy according to analysts is WiseTech Global.
It is the company behind the increasingly popular CargoWise One logistics management platform. This platform is integral to the global logistics industry. It allows users to execute complex logistics transactions and manage freight operations from a single, easy-to-use platform.
UBS is a fan of WiseTech Global and currently has a buy rating and $112.00 price target on its shares.
