If you have a penchant for ASX growth shares like I do, then read on!

That's because listed below are three shares that could be top picks for growth investors with $3,000 to invest this month.

Here's what you need to know about these growing companies:

Life360 Inc (ASX: 360)

The first ASX growth share to consider for a $3,000 investment is Life360.

It describes itself as a family connection and safety company, keeping people close to the ones they love. Its category-leading Life360 mobile app offers a range of services including location sharing, safe driver reports, and crash detection with emergency dispatch to approximately 76.9 million monthly active users (MAU) across more than 170 countries.

Bell Potter has been impressed with the company's performance over the past 12 months and expects more of the same in 2025. It said:

Life360 remains a key pick of ours for the following reasons: 1. We expect a strong 2024 result with some chance of a beat to the EBITDA guidance; 2. We anticipate strong 2025 guidance with revenue growth exceeding 20% and positive statutory EBITDA; and 3. We foresee the company being added to the S&P/ASX 100 Index in early March's rebalance.

Bell Potter has a buy rating and $27.75 price target on Life360 shares.

Light & Wonder Inc. (ASX: LNW)

Another ASX growth share that Bell Potter is bullish on is Light & Wonder.

It is gaming technology company with a collection of popular poker machines and iGaming products.

Bell Potter believes that the company's shares are good value at current levels. Particularly given its positive growth outlook and following recent share price weakness in response to the Dragon Train litigation. Its analysts said:

We anticipate 8-11% annual EBITDA growth rates over CY24-26, driven by further R&D investment that enhances game performance and results in market share gains across the North American premium leased market, global outright game sales markets, and online gaming markets. Additionally, we view the recent turmoil surrounding the Dragon Train preliminary injunction as an attractive entry point.

Bell Potter has a buy rating and $180.00 price target on its shares.

Megaport Ltd (ASX: MP1)

Finally, Megaport could be an ASX growth share to buy according to analysts at Morgans.

It is a technology company aiming to change how businesses connect their infrastructure, with one smart and simple platform to manage every connection. The broker believes that this leaves Megaport well-placed to benefit from the artificial intelligence (AI) megatrend.

Commenting on the company, its analysts said:

Megaport is a global cloud connection network and the leading Network as a Service provider. It operates the largest data centre connection business in the world, connecting to 850 data centres through a fully automated, on-demand telco network. We think it is uniquely placed to help business move data globally and benefit from the growth of data related to both cloud computing and AI.

Morgans has an add rating and $12.50 price target on its shares.