Are you looking for some ASX 200 shares to buy? If you are, then you may want to consider the three listed below.
They have all been tipped as buys with plenty of upside potential. Here’s what you need to know:
Altium Limited (ASX: ALU)
Altium is an electronic design software provider behind the Altium 365 and Altium Designer platforms. These best in class platforms have put Altium in a strong position to benefit greatly from the rapidly growing Internet of Things (IoT) and AI markets. These markets are expected to underpin strong demand for electronic design software over the next decade. Earlier this week, Bell Potter upgraded Altium’s shares to a buy rating with a $40.00 price target.
Goodman Group (ASX: GMG)
Goodman is one of the world’s leading integrated commercial and industrial property companies. Thanks to the success of its focus on investing in and developing high quality industrial properties in strategic locations, close to large urban populations and in and around major gateway cities globally, Goodman has been growing at a consistently strong rate for many years. Pleasingly, with demand for its properties continuing to grow and its development pipeline filled to the brim, the future looks bright for Goodman. Citi is very positive on the company and has a buy rating and $27.50 price target on its shares.
Life360 Inc (ASX: 360)
Life360 is a relatively new addition to the ASX 200. The growing technology company was added to the index following Oil Search’s merger with Santos Ltd (ASX: STO). And with the company boasting 33.8 million monthly active users of its eponymous Life360 mobile family app, it’s not hard to see why Life360 is included in the illustrious index. From these users, the company delivered a 48% year on year increase in Annualised Monthly Revenue (AMR) (excluding acquisitions) to US$120.1 million during the third quarter. Bell Potter appears confident this strong growth will continue and has put a buy rating and $13.51 price target on its shares.
The post 3 buy-rated ASX 200 shares with plenty of upside potential appeared first on The Motley Fool Australia.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.
*Returns as of January 12th 2022
More reading
- How are ASX Real Estate Investment Trusts (REITs) performing in 2022?
- Why this broker just upgraded Altium (ASX:ALU) shares to a buy rating
- 2 ASX 200 shares that could be top buys for growth
- 2 highly rated blue chip ASX 200 shares to buy
- 2 fantastic ASX growth shares to buy now
Motley Fool contributor James Mickleboro owns Life360, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Altium and Life360, Inc. 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.
from The Motley Fool Australia https://ift.tt/KXnWMCl
Leave a Reply