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My top 5 ASX growth shares to buy right now

James Mickleboro
ASX growth shares

If you’re a growth investor then you’re in luck. This is because the Australian share market is home to a large number of quality shares that have the potential to grow very strongly in the coming years.

Five top growth shares I would buy in January are listed below:

Afterpay Ltd (ASX: APT) 

Due to the increasing popularity of its buy now pay later platform, I believe this payments company could be a strong performer again in 2020. Especially given the incredible active customer growth it is experiencing in the United Kingdom and United States markets.

Altium Limited (ASX: ALU)

Due to its key Altium Designer product and its exposure to the rapidly growing Internet of Things market, I believe Altium can grow its revenue and earnings at a very strong rate over the next few years. Combined with its other growing businesses, I believe it is well-positioned to achieve its revenue target of US$500 million by FY 2025.

Appen Ltd (ASX: APX)

Another top growth share to consider buying right now is Appen. It is a fast-growing developer of high-quality, human-annotated training data for machine learning and artificial intelligence. Given how the markets it operates in are expected to grow materially in the future, I believe it can continue its impressive form for many years to come.

Nanosonics Ltd (ASX: NAN)

Nanosonics is a leading infection control specialist. It is best-known for its industry-leading trophon EPR disinfection system for ultrasound probes. I believe it is well-placed for solid long term growth thanks to its sizeable global market opportunity, increasing demand, and the upcoming launch of new products.

Webjet Limited (ASX: WEB)

A final growth share to consider is Webjet. The online travel agent’s shares have fallen heavily recently due to the Thomas Cook collapse and concerns over the threat of Google on the travel bookings industry. I think this has left its shares trading at a very attractive price, making it one of the best examples of growth at a reasonable price (GARP) on the ASX.

The post My top 5 ASX growth shares to buy right now appeared first on Motley Fool Australia.

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James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of AFTERPAY T FPO. The Motley Fool Australia owns shares of and has recommended Nanosonics Limited. The Motley Fool Australia owns shares of Altium and Appen Ltd. The Motley Fool Australia has recommended Webjet Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2020