If you’re a fan of growth shares, then you might want to look at the three ASX 300 shares listed below.
Thatâs because all three have recently been named as buys by analysts. Hereâs what you need to know about them:
Jumbo Interactive Ltd (ASX: JIN)
This online lottery ticket seller could be an ASX 300 growth share to buy.
That’s the view of analysts at Morgans, which like the company due to its defensive qualities and the Powered by Jumbo software-as-a-service (SaaS) platformâs global opportunity. The broker is also expecting recent lottery ticket price increases to be a big boost to its bottom line in FY 2024.
Morgans currently has an add rating and $16.90 price target on the companyâs shares. This suggests potential upside of 15% from current levels.
Pilbara Minerals Ltd (ASX: PLS)
Another ASX 300 growth share that could be a buy is Pilbara Minerals.
Thatâs the view of analysts at Macquarie, which remain very positive on the lithium miner. In fact, the broker continues to forecast strong earnings and attractive dividend yields in the near term despite recent lithium price weakness.
In light of this, the broker recently reiterated its outperform rating on its shares with a $7.70 price target. This compares favourably to the current Pilbara Minerals share price of $4.59 and implies potential upside of almost 70%.
Xero Limited (ASX: XRO)
Finally, this cloud accounting platform provider could be another ASX 300 growth share to buy.
Citi is very positive on the company and forecasts âXero to deliver 3-year EBITDA CAGR >35%.” The broker expects this to be underpinned by a combination of its cost reduction plans and “revenue growth of ~19%.”
The broker currently has a buy rating and $120 price target on Xeroâs shares. This suggests over 8% upside from current levels. Though, it is worth noting that Goldman Sachs sees more potential upside with its buy rating and $130.00 price target.
