If youâre a fan of ASX growth shares, then read on! Thatâs because listed below are three growth shares that analysts are feeling bullish on right now.
Hereâs what you need to know about these buy-rated shares:
Macquarie Technology Group Ltd (ASX: MAQ)
Macquarie Technology could be an ASX growth share to buy. It is a leading data centre, cloud, cyber security, and telecom company for mid to large business and government customers. Goldman Sachs is positive on Macquarie Technology. It believes “that MAQ is undervalued on a SOTP basis” and “on track to building an enduring vertically-integrated cloud franchise.”
Goldman has a conviction buy rating and a $77.20 price target on the companyâs shares. This implies a potential upside of 15%.
Pilbara Minerals Ltd (ASX: PLS)
Another ASX growth share that is rated as a buy is Pilbara Minerals. It is the lithium miner behind the world-class Pilgangoora Project. Macquarie remains very positive on the company’s outlook and sees plenty of value in its shares at the current levels. Particularly given that Pilbara Minerals is generating very strong cash flow at present.
Macquarie has an outperform rating and a $7.30 price target on its shares. This suggests a potential upside of almost 41% for investors.
Webjet Limited (ASX: WEB)
Morgans thinks that this online line travel booking company is an ASX growth share to buy. The broker likes Webjet due to its growth opportunity, improvements to its business model during the pandemic, and attractive valuation. It notes that âWEB has clearly come out of COVID with a materially lower cost base, consolidated systems and a large business in the US.”
Morgans has an add rating and price target of $8.97 on Webjetâs shares. This implies a potential upside of 23% over the next 12 months.
