Two stellar ASX growth stocks evaluated as buy

If you are interested in adding growth stocks to your portfolio, we recommend that you check out the ones listed below.

The reasons why it was evaluated as a purchase are as follows.

The first growth share to focus on is this appliance manufacturer.

Breville has grown at a consistently steady rate over the years. This has created a stake in the company over the last five years that provides investors with better returns than the market.

Fortunately, that growth doesn’t seem to end soon. Thanks to the combination of increasing demand, acquisitions and its international expansion, Breville has been turned over as a company that can continue to grow sales for some time to come.

That is certainly the view of UBS analysts. Thanks to product launches and expansion into new markets, they seem confident in their long-term growth story. The broker currently has a purchase rating for its stock and a price target of $ 35.70.

Another ASX growth share to consider is the REA Group. It is the dominant player on the Australian market real estate list.

Over the past few years, the company has been battling harsh trading conditions. But thanks to the strength and resilience of its business model, the company has taken the lead.

The good news is that the tide is changing and the terms and conditions are very favorable. As a result, the company appears ready to pay off as the prosperity of the housing market increases the demand for listings after significantly reducing costs and introducing new sources of revenue.

This should be supported by international businesses that have their own great opportunities.

Morgan Stanley is very positive about the REA Group. The analyst is currently above the stock valuation and price target of $ 172.00.

Where to invest $ 1,000 now

When investment expert Scott Phillips has a stock tip, it can pay to hear. After all, his flagship Motley Fool Share Advisor newsletter, which he has been running for over eight years, has offered thousands of paying members double, triple, or more stock prices. *

Scott reveals what he believes 5 Best ASX Stocks For investors to buy now. These stocks are trading at very low prices and Scott considers them a great buy so far.

* Returns as of February 15, 2021

Motley Fool Contributor James Mikulbolo There are no positions in any of the listed stocks. The Motley Fool Australia recommends REA Group Limited. The Motley Fool Disclosure policy.. This article contains only general investment advice (based on AFSL 400691). Approved by Bruce Jackson.

Two stellar ASX growth stocks evaluated as buy

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