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If you're a fan of ASX growth stocks like I am, you'll be happy to know that analysts are predicting strong returns from the three stocks listed below.
Here's what you need to know about these leading growth options.
The first ASX growth stock to buy is NextDC. The company is one of the region's leading colocation service providers for a growing number of world-class data centers.
Goldman Sachs is bullish on NextDC, believing the company has significant long-term growth potential. Especially given that the rise of artificial intelligence is driving a third wave of demand for data center capacity. Adding further:
We are particularly positive on NXT, rating it a Buy given the continued evolution of the enterprise communications market and rapid growth in cloud adoption supported by strong demand from public and private investors for digital infrastructure assets. It has been evaluated.
Goldman currently has a buy rating on the stock and a price target of $18.59. This means there is almost 20% upside potential for investors.
Technology One Co., Ltd. (ASX: TNE)
Another ASX growth stock listed as a buy is TechnologyOne. The company is a leading enterprise software provider that transforms the way organizations interact with their customers and communities.
Bell Potter is a fan of the company and believes it is well positioned for continued growth over the next few years. In fact, the company believes its growth rate could accelerate. said:
For more than a decade, Technology One has had an annual growth target of 10-15% in NPAT, and we believe we have the potential to exceed this annual target and deliver 15-20% growth over the next few years. thinking about.
The broker rates Technology One stock a “buy” and has a price target of $18.50. This suggests his 18% upside potential for investors.
Treasury Wine Estates Limited (ASX: TWE)
The last ASX growth stock to receive high praise from analysts is Treasury Wine.
Morgans rates the wine giant highly and believes its recent US acquisitions could be a major addition. said:
acquisition [of DAOU Vineyards] This is consistent with TWE's premiumization and growth strategy and will strengthen key gaps in its Treasury (TA) portfolio. Importantly, DAOU generates solid revenue growth and is a highly profitable business. As a result, TWE was able to increase its profit margin targets. While this deal is not without risk given its size, there is significant upside to our valuation if TWE can deliver on its investment case.
The company has currently added a rating to its stock and has set a price target of $14.03. This means his 17% upside potential for investors.
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