If you have space in your portfolio for some new ASX 200 in January, then it could be worth checking out the three listed below. They have all recently been named as buys by brokers. Here's what you need to know about these top growth shares: ( ) Goldman Sachs thinks that Life360 could be an ASX 200 growth stock to buy in January.
It is the location technology company behind the eponymous Life360 app. At the last count, there were over 70 million monthly active users (MAU) across more than 150 countries using this app to keep their family safe. But if you thought its growth was close to peaking, think again.
Goldman Sachs said: We believe Life360 remains in the early stages of its multi-year revenue growth opportunity, with subscription growth momentum continuing at scale in the US and internationally, as well as a new high-margin revenue stream in advertising. The broker currently has a buy rating and $25.00 price target on Life360's shares.
( ) Another ASX 200 growth stock that could be a buy according to analysts is Lovisa. It describes itself as a fashion-forward jewellery brand that caters to everyone, with 150 new styles being delivered to stores each week. Morgans is very positive on the company and believes it is well-positioned for growth in the coming years.
It recently said: There are not many global retailers achieving 17% sales growth and 21% EBIT growth in the current challenging consumer environment, but this is exactly what Lovisa did in FY24. A long period of.
