This week, brokers have renewed their buy ratings and updated their 12-month price targets on several ASX 200 shares.
Let’s take a look.
Judo Capital Holdings Ltd (ASX: JDO)
The Judo share price is 90 cents, down 1.6% today.
This ASX 200 bank share was smashed yesterday, collapsing 46% on a profit guidance downgrade.
Today, Morgans renewed its buy rating on Judo shares but slashed its 12-month target price from $2.15 to $1.47.
This implies a potential bounce back of more than 60% over the next year.
JDO downgraded its FY26 PBT guidance by c.8% at the mid-point. Even more disappointing was first-time FY27 PBT guidance which was c.16% below expectations at the mid-point.
The share price drawdown was vicious (particularly considering the decline that had already occurred since February).
While the earnings growth outlook has moderated, we still forecast c.30% EPS growth across both FY26 and FY27 with the stock now trading on a c.6.8x PER (FY27F) and 0.6x P:BV (end-FY26).
A significant risk premium or probability of failure has been priced into the stock. BUY.
BHP Group Ltd (ASX: BHP)
The BHP share price is $57.17, up 1.1% today.
The market’s largest ASX 200 mining share has lifted 29% in the year to date (YTD).
BHP shares have dropped almost 10% since last Thursday amid news of a $2.8 billion cost blow-out at its Jansen potash project.
Morgan Stanley reiterated its buy rating on BHP shares with a price target of $67.50.
This implies a potential 14% upside ahead.
Qantas Airways Ltd (ASX: QAN)
The Qantas share price is $10.65, down 0.6% on Friday.
The ASX 200 airline share has ripped 18% over the past month.
Ord Minnett reiterated its buy rating on Qantas shares this week.
The broker raised its 12-month price target from $10.50 to $11.50.
This suggests a potential 8% upside ahead.
Goodman Group (ASX: GMG)
The Goodman share price is $32.06, down 0.4% today.
The ASX 200’s biggest real estate share has risen 4% YTD.
Citi renewed its buy rating on Goodman shares with a $40 target yesterday.
This suggests a potential 25% upside ahead.
NextDC Ltd (ASX: NXT)
The NextDC share price is $14.44, down 1.9% today.
This ASX 200 tech share has risen 17% YTD amid a broader sector rebound.
Citi reiterated its buy rating on NextDC shares with a price target of $19.10.
This implies potential capital growth of 32% ahead.
Electro Optic Systems Holdings Ltd (ASX: EOS)
Electro Optic Systems shares are $9.33, down 2.8% today.
The ASX 200 defence share has lost 6% of its market valuation YTD.
Bell Potter renewed its buy rating on Electro Optic Systems shares this week.
The broker increased its 12-month price target from $10.60 to $12.50.
This suggests a potential 34% upside ahead.
Lynas Rare Earths Ltd (ASX: LYC)
The Lynas Rare Earths share price is $19.02, up 1.7% today.
This ASX 200 rare earths share has ripped 56% higher YTD.
UBS upgraded Lynas Rare Earths shares to a buy rating with a $23.65 target on Thursday.
This implies a potential 24% upside ahead.
Insurance Australia Group Ltd (ASX: IAG)
The IAG share price is $8.12, down 1.2% today.
Over the past month, this ASX 200 financial share has lifted 8%.
Goldman Sachs reiterated its buy rating on IAG shares with an $8.60 target yesterday.
This suggests a potential 6% upside ahead.
The post 8 ASX 200 shares with reaffirmed buy recommendations this week appeared first on The Motley Fool Australia.
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More reading
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- Which ASX 200 bank stock is crashing 46% on profit guidance downgrade?
Citigroup is an advertising partner of Motley Fool Money. Motley Fool contributor Bronwyn Allen has positions in BHP Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Electro Optic Systems, Goldman Sachs Group, and Goodman Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Lynas Rare Earths Ltd. The Motley Fool Australia has recommended BHP Group and Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.