Why these fantastic ASX 200 growth shares could be buys

If you have room for some new portfolio additions, then it could be worth considering the three ASX 200 growth shares listed below.

Here’s what brokers are saying about these buy-rated shares:

Aristocrat Leisure Limited (ASX: ALL)

The first ASX 200 growth share to buy could be Aristocrat Leisure. It is one of the world’s leading gaming technology companies. Morgans is a fan of the company and has it on its best ideas list. The broker highlights Aristocrat’s positive “long-term growth potential, given its superior capitalisation and strong ability to invest in the development of its land-based and digital gaming businesses.” It also notes that the company has “ample funding for investment in online RMG [real money gaming].”

Morgans has an add rating and a $45 price target on its shares.

Breville Group Ltd (ASX: BRG)

Another ASX 200 growth share that has been tipped as a buy is leading appliance manufacturer, Breville. Analysts at Goldman Sachs are very positive on the company and believe it is well-placed to continue its solid growth thanks to the structural growth of premium espresso coffee. It also highlights that “BRG is trading at 21.7x FY24 PE vs 9.0% EPS CAGR which is attractive relative to the rest of our discretionary coverage, the majority of which will be experiencing negative FY22-25 EPS growth.”

The broker currently has a buy rating and a $22.50 price target on its shares.

Life360 Inc (ASX: 360)

A final ASX 200 growth share to look at is this location technology company. Goldman is also a fan of Life360. This is due to the company’s positive long-term outlook, which is underpinned by its exposure to “a US$12bn global TAM with a large opportunity to expand its product suite, grow average revenue per paying circle (ARPPC), increase payer conversion, and lift penetration rates outside of the US.”

Goldman Sachs has a buy rating and an $8.35 price target on Life360’s shares.