Analysts Predict Strong Returns from These ASX 200 Growth Shares

December 04, 2023 12:20 AM PST | By Team Kalkine Media

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Analysts Predict Strong Returns from These ASX 200 Growth Shares — Image source: shutterstock

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For investors with a focus on growth within the ASX 200, analysts are eyeing two promising growth shares. These ASX growth stocks have garnered attention, and we'll explore the details to provide insights for potential investors.

Life360 Inc (ASX: 360)

Analyst Endorsement: Highly favored by Goldman Sachs, Life360 is recognized as an ASX 200 growth share with substantial long-term growth potential.
Growth Outlook: Positioned in the location technology sector, Life360 is deemed to have a vast growth opportunity, trading at a discount relative to its peers.
Market Exposure: Estimated to be exposed to a US$12 billion global Total Addressable Market (TAM), Life360 has the potential for further expansion, enhanced product offerings, increased average revenue per paying circle (ARPPC), and heightened penetration rates beyond the United States.
Profitability Momentum: Goldman Sachs foresees a potential inflection point in volume/pricing dynamics, with structural profitability tailwinds anticipated from a potential reduction in effective app store fees.
Recommendation: Goldman Sachs maintains a Buy rating with a target price of $10.50, implying an attractive 34% upside from the current levels.

Lovisa Holdings Ltd (ASX: LOV)

Analyst Perspective: Bell Potter analysts view Lovisa as a compelling ASX 200 growth share, emphasizing its favorable positioning for growth in the fashion jewellery market.
Global Expansion Opportunity: Lovisa is identified as well-positioned for growth, driven by its expansive global rollout prospects. The company is considered a robust player in the fashion jewellery segment, offering resilience to consumer spend pressures.
Market Resilience: The accessibility of Lovisa's products from a price point perspective is perceived as a key factor that could render it relatively resilient to consumer spending fluctuations.
Analyst Rating: Bell Potter maintains a Buy rating on Lovisa, accompanied by a target price of $25.00. This implies a potential upside of 26% for investors.

As investors navigate the opportunities in the ASX 200, these growth shares present compelling narratives backed by positive analyst sentiments. Life360 and Lovisa, with their respective growth outlooks, are positioned as noteworthy considerations for December.

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