ASX growth shares had another strong year in 2024, with many names outperforming the broader market.

But we don't get paid in investing for what's already happened. So, what can we expect from growth stocks in 2025?

Two names stand out on brokers' list of buy ratings for next year. Both Xero Ltd (ASX: XRO) and Life360 Inc (ASX: 360) are rated strongly heading into the new year.

Let's dive into why these stocks might be set to soar in 2025.

Xero shares are primed for growth

The first ASX growth share on the list is Xero, an accounting software platform that has rallied 50% this year.

The company offers tools like payroll, tax management, and payments. It now has over 4.2 million subscribers globally.

Goldman Sachs is bullish on Xero shares and reckons 2025 will be a strong year for the company.

In a December note, the broker pointed to the size of Xero's total addressable market (TAM), estimated at over $100 billion New Zealand Dollars.

It also says Xero is well-placed to capture the trends of digitisation of small and medium-sized businesses (SMBs).

Given the company's pivot to profitable growth and corresponding faster earnings ramp, we see an attractive entry point into a global growth story with Xero our preferred large-cap technology name in ANZ.

Goldman currently has a $201 price target on Xero shares.

Meanwhile, investment firm Blackwattle is also bullish on the ASX growth share. According to The Motley Fool's James Mickelboro, the fund "continues to see strong upside", viewing it as "one of the highest quality companies on the ASX".

Life360's growth story continues

Life360 is known for its popular family safety app of the same name. It's also been one of the hottest shares in 2024, rallying 205% this year to date.

The app boasts over 75 million active users, with around 7 million paying subscribers around the world.

Goldman Sachs is also bullish on this ASX growth share. In its investment thesis, it mentions several long-term catalysts.

We estimate Life360 is exposed to a US$12bn global TAM with a large opportunity to expand its product suite, grow average revenue per paying circle (ARPPC), increase payer conversion, and lift penetration rates outside of the US. 

We see scope for re-rating as Life360 demonstrates operating leverage, ongoing subscription growth and user monetisation via ads.

Bell Potter reckons Life360 is well suited in 2025 as well. As we covered this week, the broker sees significant opportunities for the company to monetise its growing subscriber base and expand into new areas like pet and elderly tracking.

It also expects a strong set of Q4 CY 2024 results from the company to be presented in February.

Bell Potter has set a price target of $26.75 for Life360 shares.

Foolish takeaway

These ASX growth shares could be attractive opportunities in 2025, according to top brokers.

With strong fundamentals and a clear growth runway, both are well-placed to continue their momentum, in my view.

Time will tell what happens from here.