Here are 2 ASX 200 shares that experts rate as buys

If you are looking to bolster your portfolio with some ASX 200 shares, you may want to look at the two listed below.

Here’s why these ASX 200 shares are highly rated by experts right now:

REA Group Limited (ASX: REA)

The first ASX 200 share to look at is property listings company REA Group. It is best-known for the realestate.com.au website, which is dominating the ANZ market with an average of well over 100 million monthly visits to its website. This is over 3 times greater than its nearest competitor, which highlights just how powerful it has become over the last decade.

It is thanks to this dominant market position, together with new acquisitions and revenue streams, that REA Group has been tipped to grow strongly in the coming years.

Morgans, for example, is very positive on the company’s outlook. As a result, the broker has an add rating and $143.00 price target on its shares. This compares favourably to the latest REA share price of $123.77.

SEEK Limited (ASX: SEK)

Another ASX 200 share that experts rate highly is Seek. It is of course the ANZ region’s leading job listings company.

It bounced back strongly from the pandemic and delivered a huge increase in revenue and net profit after tax in FY 2022. Seek reported a 47% increase in revenue to $1.16 billion and an 81% jump in net profit after tax to $245.5 million.

This was driven by very strong ad volumes, with records broken in March, and an 11% increase in ad yields. The latter reflects higher prices, a favourable customer mix, and increased depth adoption.

This went down well with UBS, which responded by upgrading Seek’s shares to a buy rating with a $27.80 price target. This implies material upside based on the current Seek share price $20.59.

The post Here are 2 ASX 200 shares that experts rate as buys appeared first on The Motley Fool Australia.

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More reading

• Top brokers name 3 ASX shares to buy next week
• 3 ASX shares now at a golden buying opportunity: experts
• Should you buy these ASX 200 shares after the market selloff?
• Experts name 2 blue chip ASX 200 shares to buy
• Here are 2 ASX shares that Morgans rates as buys

Motley Fool contributor James Mickleboro has positions in SEEK 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 recommended Bapcor, REA Group Limited, and SEEK Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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