Are you a fan of ASX growth shares? If you are, then it could be worth taking a closer look at the three listed below.

They have been named as buys and tipped to deliver market-beating returns over the next 12 months. Here's what analysts are saying about them:

Light & Wonder Inc. (ASX: LNW)

Bell Potter thinks that this leading global cross platform games company could be an ASX growth share to buy. The broker currently has a buy rating and $165.00 price target on the company's shares.

It believes the company is well-placed to grow its market share in the coming years. The broker said:

Our Buy rating is predicated on LNW's cross-platform strategy and leading scale producing a portfolio of high-performing games in both land-based and digital markets. We continue to expect improvement in product quality to strengthen LNW's competitive advantage, supporting higher ROIC and share gains.

Megaport Ltd (ASX: MP1)

Another ASX growth share that could be a market-beater according to analysts is Megaport.

Goldman Sachs is a big fan of the leading global provider of elastic interconnection services. It has a buy rating and $12.00 price target on its shares.

The broker believes Megaport stands to benefit greatly from strong structural tailwinds. It explains:

We believe MP1 will benefit from strong structural tailwinds from the adoption of public cloud including multi-cloud usage and the transition towards NaaS technologies. While acknowledging mixed near-term execution around the partner channel and the new MVE product, we are Buy rated on the name as we remain confident MP1 has a clear product advantage vs. peers and a decade-long runway for robust growth.

Xero Limited (ASX: XRO)

A final ASX growth share that could be a buy right now is Xero. That's the view of analysts at Goldman Sachs, which are also very bullish on this cloud accounting platform provider. They have a conviction buy rating and $201.00 price target on its shares.

The broker highlights that Xero has a huge total addressable market (TAM) to grow into over the next decade. It said:

We see Xero as very well-placed to take advantage of the digitisation of SMBs globally, driven by compelling efficiency benefits and regulatory tailwinds, with >100mn SMBs worldwide representing a >NZ$100bn TAM. 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.