3 explosive ASX 200 growth stocks to buy in January

Analysts think these growth shares could be top picks for investors next month.

| More on:
A man is shocked about the explosion happening out of his brain.

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

sdf

If you have space in your portfolio for some new ASX 200 growth stocks in January, then it could be worth checking out the three listed below.

They have all recently been named as buys by brokers. Here's what you need to know about these top growth shares:

Life360 Inc (ASX: 360)

Goldman Sachs thinks that Life360 could be an ASX 200 growth stock to buy in January.

It is the location technology company behind the eponymous Life360 app. At the last count, there were over 70 million monthly active users (MAU) across more than 150 countries using this app to keep their family safe.

But if you thought its growth was close to peaking, think again. Goldman Sachs said:

We believe Life360 remains in the early stages of its multi-year revenue growth opportunity, with subscription growth momentum continuing at scale in the US and internationally, as well as a new high-margin revenue stream in advertising.

The broker currently has a buy rating and $25.00 price target on Life360's shares.

Lovisa Holdings Ltd (ASX: LOV)

Another ASX 200 growth stock that could be a buy according to analysts is Lovisa.

It describes itself as a fashion-forward jewellery brand that caters to everyone, with 150 new styles being delivered to stores each week.

Morgans is very positive on the company and believes it is well-positioned for growth in the coming years. It recently 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.

Morgans has an add rating and $36.00 price target on its shares.

Megaport Ltd (ASX: MP1)

A third ASX 200 growth stock that could be a buy in January is Megaport.

It is a global provider of elastic interconnection services, which has been growing at a rapid rate in recent years thanks to the cloud computing and artificial intelligence megatrends.

Morgans believes this strong form can continue long into the future thanks to these megatrends. Its analysts said:

Megaport is a global cloud connection network and the leading Network as a Service provider. It operates the largest data centre connection business in the world, connecting to 850 data centres through a fully automated, on-demand telco network. We think it is uniquely placed to help business move data globally and benefit from the growth of data related to both cloud computing and AI.

The broker has an add rating and $12.50 price target on its shares.

Motley Fool contributor James Mickleboro has positions in Life360, Lovisa, and Megaport. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group, Life360, Lovisa, and Megaport. The Motley Fool Australia has recommended Lovisa. 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 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 »

A happy young woman in a red t-shirt hold up two delicious burritos.
Growth Shares

I think these 2 exciting ASX growth shares are buys today

These compelling investments have a great outlook.

Read more »

Happy man working on his laptop.
Growth Shares

EOFY 2025: 3 ASX 200 shares to buy for the year ahead

Looking for quality picks for the next financial year? Here are three quality picks that analysts rate as buys.

Read more »

A woman presenting company news to investors looks back at the camera and smiles.
Growth Shares

Macquarie tips nearly 50% upside for this ASX 200 stock

Let's see which stock the broker is feeling bullish about this week.

Read more »

Overjoyed man celebrating success with yes gesture after getting some good news on mobile.
Growth Shares

3 excellent ASX 200 growth shares brokers rate as buys

Let's see why they think investors should be snapping them up right now.

Read more »