Your top-tipped ASX growth stocks for 2025

Few sectors have offered more extraordinary growth in the past few years than the tech sector. It’s not a sector that dominates the ASX, though perhaps we are witnessing that change before our very eyes. 

Australia has been the birthplace of some fantastic technology solutions – and home-grown Canva is expected to be an extremely popular IPO in the US in 2025. According to Austrade, the Aussie tech sector has also contributed $167 billion to the economy, growing 80% in five years. It’s overtaken banking and mining, despite being underrepresented in the ASX200.

In the future, will companies like Wisetech or Life360 be as ubiquitous in portfolios as Commonwealth Bank or BHP are today? Time will tell.

The Outlook Series Survey for 2025

Technology was just one of the big themes that Livewire and Market Index readers honed in on for the 2025 Outlook Series Survey.

Traditionally, we have asked you to nominate your top picks and then categorised them ourselves. This year, we decided to go deeper and ask you for your top stock picks for growth and income – and the results were a high-calibre mix of large and small-cap growth names from the 4,814 of you who participated.

In this wire, you’ll find your 10 top-tipped growth stocks on the ASX and a deeper dive into some of the key metrics.

Please note: We are sharing information from the Livewire and Market Index readerships by publishing this list. We hope it inspires ideas for your investment research. This information is not, nor is it intended to be, a set of recommendations. Please do your own research and seek advice from a professional.

Please note that a more comprehensive list of the top tipped growth stocks is available for download at the bottom of the wire. 

Key observations

The top 10 are a clear picture of the themes and sectors where readers see big growth opportunities – technology is a significant theme in the list but, surprisingly, not the most popular.

The three top-tipped picks were all from the biotech sector.

While market darling CSL (ASX: CSL) topped the list again (to nobody’s surprise, I’m sure), it was interesting to see high-quality smaller-cap businesses Pro Medicus (ASX: PME) and Telix Pharmaceuticals (ASX: TLX), both of which have had gangbuster years, sitting at number two and three respectively.

Australian biotech innovation is renowned, and there’s been much to suggest from our experts that this is a sector set to boom in the coming years - both locally and globally.

Technology solutions and software is an area in which Australian businesses have excelled, and readers’ picks showcased both large-caps Wisetech (ASX: WTC), which has long been a high-quality position and Technology One (ASX: TNE), alongside mid and small-caps Life360 (ASX: 360) and Catapult Group (ASX: CAT).

Australian resources have also returned to the fore, with BHP Group (ASX: BHP) not only benefitting from traditional offerings but positioning carefully into the demand for copper with a $7.4bn play into this resource. Mineral Resources (ASX: MIN) also made the list again, despite recent scandals concerning its CEO. 

There were no financials in the list – a telling picture of the growth prospects, or lack thereof, for this sector.

Key metrics

Please note that this data was sourced from Market Index, 22 December 2024.

• The average market cap of the top 10 is $47.85 billion – heavily weighted towards large caps.
• The average 1-year share price return was 76.86%, Life360 was the biggest gainer with a 209.30% 1-year share price return.
• The average dividend yield was 1.68%. It’s worth noting that this figure was pushed upwards by Woodside Energy and BHP Group, with 8.13% and 5.59%, respectively.
• The average ROE was 13.37%
• Technology represented 40% of the picks, followed by healthcare (30%), resources (20%) and energy (10%)

Biggest share price returns in 2024

If you’d bought these stocks at the start of 2024 and sold at the end, you would have seen stellar returns – but it’s worth noting that share price movement is not always reflective of fundamental value. After all, a range of ‘noise’ can change the market perception of value.

1. Life360 (ASX: 360) 
   1 year return: 209.30%
2. Pro Medicus (ASX: PME)
   1 year return: 169.54%
3. Catapult Group (ASX: CAT)
   1 year return: 162.79%

Biggest ROE in 2024

These stocks generated the highest return on equity in their latest annual financial reports. Can they keep it up in 2025? ROE is a helpful measure of a company's profitability - how well it can use shareholder investments to generate profits. Factors that can boost ROE include share buybacks, acquisitions, better cost management and operational efficiency.

1. Pro Medicus (ASX: PME)
   ROE: 44.10%
2. Technology One (ASX: TNE) 
   ROE: 31.12%
3. BHP Group (ASX: BHP)
   ROE: 28.64%

Did your call make the top 10, or were you surprised by the list?