We're now in the middle of May, and after a rocky start to the quarter, the ASX has rebounded strongly in recent weeks. While some investors may be wondering if they've missed the moment, smart investors know this simple truth: it's never too late to invest in quality companies.

In fact, when you're focused on the long term, the best opportunities often remain in plain sight — found in ASX shares with strong growth runways and proven execution.

But which shares would be top buys for a $10,000 investment? Let's look at five that analysts think could be top picks this May. They are as follows:

Lovisa Holdings Ltd (ASX: LOV)

The first ASX growth share that could be a buy for growth investors is fast-fashion jewellery retailer Lovisa. With operations now spanning the U.S., Europe, Africa, Asia, and the Middle East, Lovisa is well on its way to becoming a global retail force.

Morgans is bullish and has an add rating and $35.00 price target on its shares.

NextDC Ltd (ASX: NXT)

Another ASX growth share that could be a buy is NextDC. It is helping power the digital economy through its growing network of data centres. With enterprise demand rising and hyperscalers doubling down on AI infrastructure, NextDC is well placed to benefit.

Goldman Sachs expects this to be the case and has put a buy rating and $16.50 price target on its shares.

Telix Pharmaceuticals Ltd (ASX: TLX)

A third ASX growth share to buy according to analysts is Telix. It is making waves in the biotechnology space with its radiopharmaceutical technology — targeting cancer treatment and diagnostics with precision. With Illuccix already approved and generating sales, Telix has moved from promise to commercial execution. It also has a potentially lucrative pipeline of future products.

Bell Potter sees a lot of value in its shares at current levels. It has a buy rating and $34.00 price target on them.

WiseTech Global Ltd (ASX: WTC)

WiseTech could be an ASX growth share to buy with the $10,000 right now. It is a technology company delivering logistics software that runs the global freight and supply chain network. Its CargoWise platform is essential infrastructure for thousands of businesses, and the company is seeing strong growth across product lines and geographies.

Morgan Stanley has an overweight rating and $140.00 price target on its shares.

Xero Ltd (ASX: XRO)

Finally, Xero could be an ASX share for growth investors to buy. It is a cloud accounting platform provider that continues to dominate in Australia and New Zealand. And with growing traction in the UK and Canada, and signs of promise in the United States, Xero looks well-positioned for strong long term growth as more small businesses embrace automation and digital finance tools.

Goldman Sachs rates Xero as a buy with a $201.00 price target.