A new month means new investment opportunities. Here are four ASX 200 shares I think are good buys for June, and they’re all tipped to climb higher over the next 12 months.Â
Virgin Australia Holdings Ltd (ASX: VGN)
The ASX 200 airline stock crashed in March as conflict in the Middle East and rising fuel prices put its shares under pressure. More recently, Virgin Australia recently told Webjet Group Ltd (ASX: WJL) that it will substantially reduce its commission streams and commercial arrangements from the 1st of July 2026. It also looks like investors are slowly rotating back into airlines and travel companies after fears around Middle East fuel disruptions have started to ease. The company also recently confirmed its FY26 guidance, which has helped gather more confidence from investors. I like the look of this ASX 200 travel stock, and analysts are also very bullish. Brokers rate the shares as a strong buy. They tip an upside of 45% to $3.72 over the next 12 months.Â
Light & Wonder Inc (ASX: LNW)
The tech-based gaming company’s shares surged to an all-time high in January but then crashed 44% to a three-year low of $102.66 in early May after the company posted its first-quarter FY26 earnings results. The result was mixed, with a 2% increase in revenue and 5% increase in adjusted EBITDA. Meanwhile net income fell a huge 37%. Investors quickly sold up shares and while there has been a small rebound since, at the time of writing, sentiment hasn’t yet returned. Light & Wonder has been reshaping its business in recent years, focusing on recurring revenue and higher-quality earnings. If execution continues improving, it could continue to build value over the long term. Brokers are bullish and rate the ASX 200 shares as a strong buy. They expect a 77% upside to $198.50 over the next 12 months, at the time of writing.
Zip Co Ltd (ASX: ZIP)
Zip shares have been volatile this year after the stock was caught up in a sector-wide tech sell-off. Investors have also been taking their gains off the table after the stock rallied strongly last year. Technology and growth shares have also come under renewed pressure again recently as investors reassess valuations and risk appetite. The ASX 200 tech shares continued softening through May as investor sentiment struggled to rebound. But I think the stock is now oversold and trading far below fair value. Brokers rate the shares as a strong buy and tip a 72% upside to $3.83, at the time of writing.
Catalyst Metals Ltd (ASX: CYL)
Western Australian gold producer’s shares stormed higher earlier this year after it announced a significant new high-grade discovery at its Plutonic Gold Belt in January. The miner posted another positive drilling update earlier this month. The results included visibility of a potential mine life of more than 10 years at approximately 60,000 ounces per annum. The ASX 200 gold stock has been subject to a few ups and downs over the past couple of months. Although this was mostly in line with a fluctuating gold price. But it has shown a long period of operational consistency and organic growth. The miner expects production to increase towards the latter half of FY26 too. Analysts rate the stock as a strong buy and tip a maximum target price of $14.63. That implies a potential 169% upside at the time of writing.
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More reading
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- 3 quality ASX stocks I’d buy under $5 a share
- Virgin Australia, Qantas shares jump 8% higher this week. Are the ASX airline stocks a buy, sell or hold?
Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Light & Wonder Inc. The Motley Fool Australia has recommended Light & Wonder Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.