If you’re looking for some investment options then you may want to look at the two listed below.
Here’s why analysts think these highly rated ASX 200 shares could be in the buy zone:
Goodman Group (ASX: GMG)
The first ASX 200 share to look at is Goodman Group. This integrated commercial and industrial property company owns a portfolio of in-demand properties with exposure to key growth markets such as ecommerce and logistics
The good news is that demand remains very strong and its development pipeline is filled to the brim with properties that look set to support its growth over the next decade.
In the meantime, Goodman recently upgraded its FY 2022 earnings guidance. Instead of 10% growth, the company now expects to deliver operating earnings per share growth of at least 15%.
The team at Citi still believe management is being conservative and could outperform this guidance. As a result, the broker recently retained its buy rating and lifted its price target to $27.50.
NEXTDC Ltd (ASX: NXT)
Another ASX 200 share for investors to look at is NEXTDC.
It provides scalable on-demand services to support outsourced data centre infrastructure and cloud connectivity from a collection of world class Tier III and Tier IV data centre facilities in key locations across Australia.
Thanks to the ongoing structural shift to the cloud, which is driving increasing demand for capacity in its data centres, NEXTDC appears well-placed to continue growing its earnings at a solid rate long into the future.
The team at Goldman Sachs expects this to be the case and is forecasting strong earnings growth over the coming years. The broker has pencilled in operating earnings growth of ~20% per annum through to at least FY 2024.
Goldman has a buy rating and $14.40 price target on the company’s shares
The post Analysts rate these ASX 200 shares as buys appeared first on The Motley Fool Australia.
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More reading
- 10 ASX shares to buy in 2022
- Here’s why the Goodman Group (ASX: GMG) share price just hit an all-time high
- ASX shares to buy for the Omicron COVID outbreak
- 2 high-growth ASX shares profiting from the e-commerce boom
- Why these ASX 200 shares could be strong buys
Motley Fool contributor James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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