If you're looking to boost your portfolio with some growth shares, then you might want to look at the ones listed below.
Here's why these quality ASX growth shares have been tipped as ones to buy right now:
Bigtincan Holdings Ltd (ASX: BTH)
The first ASX growth share to look at is Bigtincan. It provides an artificial intelligence-powered sales enablement automation platform that is used by companies around the world. This includes 7 of the top 10 companies on the Fortune 500.
Bigtincan recently released its half year results and reported annualised recurring revenue (ARR) of $48.4 million. This was a 50% increase over the prior corresponding period. It was driven by organic growth and the benefits of acquisitions.
Pleasingly, the company has the balance sheet strength to continue making earnings accretive acquisitions in the future. At the end of the first half, Bigtincan had a cash balance of $65 million.
One broker that is positive on the company is Ord Minnett. Its analysts were pleased with its first half performance and believe Bigtincan has a long runway for growth in a large addressable market.
Ord Minnett currently has a buy rating and $1.08 price target on its shares.
IDP Education Ltd (ASX: IEL)
Another ASX growth share to look at is this provider of international student placement and English language testing services.
Unsurprisingly, the last 12 months have been very tough for IDP Education. This was evident in the company's first half results. For the six months ended 31 December, the company posted a 29% decline in revenue to $269 million and a 46% decline in EBIT to $47.3 million.
However, the good news is that trading conditions are improving as vaccines are rolled out across the world. In addition to this, the company has fared much better than its rivals, putting it in a strong position to win a greater share of the market when the pandemic passes.
Late last week analysts at Morgan Stanley put an overweight rating and $30.00 price target on the company's shares. The broker is expecting a big rebound in its earnings in FY 2022.
