3 ASX 200 growth stocks to watch now

The following three ASX growth stocks look attractive right now as disciplined execution, expanding market demand and clear growth catalysts support their long-term upside.

Lovisa Holdings Limited (ASX: LOV) 

operates with a vertically integrated business model in the retail sale of fashion jewellery and accessories which enables the company to identify trends quickly.
The company has a market capitalisation of $3.45 billion and has paid dividends twice a year consistently over the past five years and offers a current annual dividend yield of 2.47%.

Global total sales for the first 20 weeks of FY26 increased by 26.2% compared to FY25 supported by continued expansion of the store network while global comparable store sales rose by 3.5% over the same period.
The company is scheduled to release its half year results for the period ended 28 December 2025 on 19 February 2026 and its store network has expanded to 1,075 stores across more than 50 markets with 148 additional stores in operation compared to the same time last year.

NEXTDC Limited (ASX: NXT) 

on 16 January 2026 announced that it received planning approval for its M4 Melbourne data centre at Port Melbourne in Victoria.
The company also entered into a memorandum of understanding with OpenAI to work on developing a sovereign hyperscale AI campus and large-scale GPU infrastructure at its S7 site in Sydney.

NEXTDC reported that contracted utilisation increased by 71MW to 316MW while its forward order book grew by 53% to 205MW and raised its FY26 capital expenditure guidance to a range of $2.2 billion to $2.4 billion.

The company had a phenomenal FY25 as demand for AI, cloud and hyperscale workloads kept rising and net revenue grew by 14% to $350.2 million and the Underlying EBITDA grew 6% to $216.7 million.
The balance sheet is very strong with total assets of $5.7 billion and gearing of just 18% which provides significant flexibility to fund growth.

HUB24 Limited (ASX: HUB) 

delivered a standout second quarter of FY26 as the company reported $5.6 billion in platform net inflows which took half year net inflows to a record $10.7 billion.
Total funds under administration reached $152.3 billion at 31 December 2025 which represents 26% year-on-year growth.

Platform FUA increased to $127.9 billion, up 29% year-on-year while active advisers increased 8% year-on-year to 5,277 during the quarter.

A key recent development was the announcement of an innovative lifetime retirement solution in partnership with TAL which is scheduled to launch in the second half of FY26.

The company currently has a market capitalisation of $8.47 billion and has also commenced development of myhub which is an AI enabled ecosystem designed to improve productivity for advice practices and integrate third party technology solutions.

(Source: Company Reports)