If you are lucky enough to have $5,000 to invest in ASX stocks right now, the recent market volatility could be presenting some fantastic long-term opportunities.
Quality companies with strong growth potential don't stay cheap for long, so savvy investors may want to act while prices remain attractive.
Here are five ASX stocks that analysts think could be worth considering today.
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Domino's Pizza Enterprises Ltd (ASX: DMP)
Domino's has been through a rough patch, but its long-term growth story remains compelling. The pizza giant is now expanding carefully across Europe and Asia, where it still has significant room to grow its store network. While weaker consumer spending has weighed on recent performance, Domino's is streamlining operations and refocusing on value to win back customers. With its share price well off its highs, Goldman Sachs believes that this is a great entry point. It has a buy rating and $37.30 price target on its shares.
Lovisa Holdings Ltd (ASX: LOV)
Another ASX stock that could be a buy with that $5,000 is Lovisa. It is a fast-fashion jewellery retailer that has been a strong performer over the years. This has been driven by its highly profitable business model and rapid global expansion. The company is opening stores at an impressive rate, particularly in the United States and Europe. But despite reaching approximately 1,000 stores, it still has a huge expansion opportunity. It is for this reason that Bell Potter has a buy rating and $30.00 price target on its shares.
Pilbara Minerals Ltd (ASX: PLS)
Lithium stocks have fallen out of favour recently as lithium prices retreat from record highs. But for long-term investors, this could be a golden opportunity to buy this ASX stock. Pilbara Minerals is one of the world's largest lithium producers and is positioned to benefit from the long-term demand for battery materials as electric vehicles and renewable energy storage continue to gain traction. Morgans is positive on the company and has an add rating and $3.10 price target on its shares.
TechnologyOne Ltd (ASX: TNE)
TechnologyOne is one of the ASX's most reliable growth stocks. The software-as-a-service (SaaS) company has delivered over a decade of strong profit growth. This has been driven by its sticky customer base, primarily consisting of government agencies and universities, and world class product offering. Another positive is that its successful transition to a full SaaS model is driving stronger margins and recurring revenue. UBS thinks its strong growth can continue and has put a buy rating and $33.80 price target on its shares.
Treasury Wine Estates Ltd (ASX: TWE)
A final ASX stock to consider for that $5,000 investment is Treasury Wine Estates. It is the owner of premium wine brands such as Penfolds, 19 Crimes, and Wolf Blass. With China recently lifting tariffs on Australian wine, Treasury is set to benefit from renewed demand in one of its key markets. In addition, the company has been shifting towards premiumisation, focusing on higher-margin products. If it can successfully execute its strategy, it could deliver strong returns in the years ahead. Morgans expects this to be the case and has put an add rating and $13.43 price target on its shares.
