Invest $5,000 into these ASX 200 growth shares in December

Analysts at Bell Potter and Goldman Sachs are bullish on these names.

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If you have room in your portfolio for some new ASX 200 growth shares, then it could be worth checking out the two listed below.

That's because they have recently been named as buys by analysts and tipped to have very bright futures. Here's what they are saying:

Megaport Ltd (ASX: MP1)

The first ASX 200 growth share that analysts are tipping as a buy is Megaport.

It offers scalable bandwidth for public and private cloud connections, metro ethernet, data centre backhaul, and internet exchange services.

The company's software layer provides users with a clever and easy way to create and manage network connections. Through the Megaport network, businesses can deploy private point-to-point connectivity between any of the locations on Megaport's global network infrastructure.

This leaves the company extremely well-positioned to benefit from the structural shift to the cloud and the artificial intelligence (AI).

In fact, Goldman Sachs believes Megaport has an enormous growth potential. It has previously stated that it estimates that the company's "opportunity for further growth is immense [with] GSe A$129bn p.a. spent on fixed enterprise networking across MP1 geographies." It adds:

While acknowledging mixed near-term execution around the partner channel and the new MVE product, we are Buy rated on the name as we remain confident MP1 has a clear product advantage vs. peers and a decade-long runway for robust growth. Despite the soft operational trends in recent periods, we expect still robust top-line growth, with the increased focus on profitable growth supporting an attractive earnings profile over FY25-26.

The broker has a buy rating and $10.40 price target on its shares.

WiseTech Global Ltd (ASX: WTC)

Another ASX 200 growth share that has been named as a buy is WiseTech Global. It is the logistics solutions company behind the popular CargoWise One platform.

The company notes that CargoWise One is regarded as the logistics industry's most advanced enterprise-class management system, with a deeply feature-rich set of vertical and horizontal, whole-of-enterprise capabilities that provide comprehensive functionality for logistics execution needs across the supply chain.

Given the quality of its platform, the company boasts incredible industry adoption rates, high recurring revenue, and ultra low churn rates. This has been underpinning strong earnings and revenue growth for some time and Bell Potter believes more of the same is coming. It said:

At its recent AGM, WTC downgraded its FY25 guidance by up to around 10% at revenue and 15% at EBITDA, principally due to the delay in the release of one of the company's new products – Container Transport Optimisation – due to "distractions flowing from the recent media attention and the organisational changes that have subsequently been implemented."

The release is now expected to occur in 2HFY25 rather than 1HFY25, and we note that the releases of the company's other new products – ComplianceWise and CargoWise Next – are on track. In our view, WTC appears oversold at current levels and as one of the best growth names on the market, the recent downgrade presents a buying opportunity.

Bell Potter has a buy rating and $140.00 price target on its shares.

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

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