If you are a growth investor and you're on the lookout for some big returns, then it could be worth looking closely at the ASX shares in this article.
That's because they have not only been named as buys, but also tipped to deliver market-beating returns for investors over the next 12 months.
Let's see what brokers are saying about these ASX growth shares this month:
Cettire Ltd (ASX: CTT)
Bell Potter believes that Cettire could be an ASX growth share to buy. That's if you have a high tolerance for risk. Particularly after the online luxury products retailer's shares tumbled materially from recent highs.
The broker believes that trading conditions will improve in the near term and drive growth. And while it sees risks from its audit issues, it isn't enough to put the broker off. It said:
We continue to see plenty of upside in revenue/earnings from 3Q25 onwards considering overall improving demand conditions and benefits in CTT's lean business model, however with a higher near term risk profile priced into the name at current levels. Given the uncertainties ahead as the company resolves audit issues, we rate the stock as Speculative Buy.
Bell Potter currently has a speculative buy rating and $2.00 price target on its shares. Based on its current share price of $1.42, this implies potential upside of 41% for investors over the next 12 months.
Lovisa Holdings Ltd (ASX: LOV)
Analysts at Morgans think that a recent pullback in the Lovisa share price has created a buying opportunity for investors. It is a fashion jewellery retailer with a rapidly increasing store network across the globe.
Morgans believes the ASX growth share delivered an incredible result in FY 2024 and appears well-placed to build on this in the future. It said:
There are not many global retailers achieving 17% sales growth and 21% EBIT growth in the current challenging consumer environment, but this is exactly what Lovisa did in FY24. A long period of stellar growth has trained investors to have very high expectations for the business and, while its comparable store sales growth should have been better in FY24, it has continued to deliver and will, in our opinion, continue to do so in the years ahead. We maintain our ADD rating.
Morgans has an add rating and $36.50 price target on its shares. This implies potential upside of 15% for investors from current levels.
