Can these 2 ASX 200 growth shares make a mark in 2024

January 02, 2024 11:26 AM AEDT | By Team Kalkine Media

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Investors seeking potential growth opportunities in the Australian Securities Exchange (ASX) can find promising options among specific growth shares. This article highlights two ASX-listed stocks recommended by analysts for their growth potential and long-term viability.

Analyzing Lovisa Holdings Limited (ASX: LOV)

Lovisa, a fashion jewellery retailer, has garnered attention from Morgans due to its ambitious global expansion plans. Analysts project the company as a potential global brand, reflecting positively on its long-term prospects. Morgans' analysis and a target price of $27.50 position Lovisa as a significant growth contender.

Insights into TechnologyOne Ltd (ASX: TNE)

TechnologyOne, an enterprise software provider, has been endorsed by Goldman Sachs for its growth potential and value proposition. The analysts highlight the company's strong market position, defensive market presence, and the potential to command premium valuation. Goldman's buy rating and a target price of $18.05 emphasize TechnologyOne's growth outlook.

Conclusion: Recommendations for Investors

Summarizing the potential of the recommended growth stocks and offering tailored recommendations to investors seeking growth-oriented ASX investments in 2024.

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