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There are plenty of ASX 200 growth shares for investors to choose from. But two of the best right now could be listed below, according to analysts.

Here’s why they are bullish on these shares:

Aristocrat Leisure Limited (ASX: ALL)

Morgans is very positive on this gaming technology company and sees it as an ASX 200 growth share to buy right now. Its analysts have Aristocrat’s shares on their best ideas list for February with an add rating and $43.00 price target.

The broker is expecting Aristocrat to continue its strong growth long into the future thanks to a combination of factors. It explained:

We have three key reasons for being positive on ALL. They are: (1) long-term organic growth potential. ALL is better capitalised than many of its competitors and has what we regard as a strong platform to continue investment in design and development in both its land-based gaming and digital businesses; (2) strong cash conversion and ROCE. ALL is a capital-light business despite its ongoing investment in Gaming Operations capex and working capital. It has a high level of cash conversion and ROCE and (3) strong platform for investment. ALL has funding capacity for organic and inorganic investment in online RMG, even after the recent buyback. Its current available liquidity is $3.8bn.

Xero Limited (ASX: XRO)

Goldman Sachs is a big fan of Xero and recently named the cloud accounting platform provider as its top ASX 200 tech pick. The broker has a buy rating and $109.00 price target on its shares.

Its analysts are positive on Xero due largely to its very strong long term growth outlook. This is underpinned by its high quality platform, the shift online, and its huge global target market of over 100 million small businesses. Goldman commented:

We see Xero as very well-placed to take advantage of the digitisation of SMBs globally, driven by compelling efficiency benefits and regulatory tailwinds, with >100mn SMBs worldwide representing a >NZ$76bn TAM. Following the recent underperformance (absolute/relative), we see an attractive entry point into a compelling global growth story and our preferred large-cap technology name in ANZ, and are Buy rated (on CL). Key catalysts include: Upcoming results and opex outlook; CEO strategy update, and potential M&A.

The post These could be the best ASX 200 growth shares to buy: analysts appeared first on The Motley Fool Australia.

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More reading

• I’m listening to Warren Buffett and buying ASX shares on sale
• Why Centuria Office, Deep Yellow, Newcrest, and Xero shares are racing higher today
• Xero share price jumps 9% to four-month high
• 3 ASX 200 tech shares going gangbusters on Thursday
• Need passive income? Turn $5,000 into $800 every month

Motley Fool contributor James Mickleboro has positions in Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Xero. The Motley Fool Australia has positions in and has recommended Xero. 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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Although ANZ Group Holdings Ltd (ASX: ANZ) shares have just ended the day 0.5% lower at $25.18, they are still up over 6% since the start of the year.

This means the banking giant’s shares are now up over 20% from their June low or $20.78.

Can ANZ shares keep rising?

The good news for investors is that a number of brokers still see value in ANZ shares at the current level. This could mean that there’s plenty more gains to come over the remainder of 2023.

For example, a note out of UBS this morning reveals that its analysts have reiterated their buy rating and $30.00 price target. This implies potential upside of 19% for investors between now and this time next year.

UBS isn’t alone with its positive view. Citi is a fan and currently has a buy rating and $29.25 price target on its shares. The broker is also expecting a decent increase in the ANZ dividend both this year and next.

In FY 2023, it expects a 20 cents per share increase to $1.66 per share. Whereas in FY 2024, it has pencilled in an increase to $1.76 per share. Based on the current ANZ share price, this implies fully franked dividend yields of 6.6% and 7%, respectively.

Finally, another note out of Credit Suisse from last month reveals that its analysts have an outperform rating and $29.00 price target on ANZ’s shares, implying potential upside of 15%.

All in all, ANZ shares may have started the year strongly, but analysts appear to believe the party could only just be getting started.

The post ANZ shares have been on a roll in 2023. Can it last? appeared first on The Motley Fool Australia.

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More reading

• Top ASX dividend shares to buy in February 2023
• ‘Attractive stock’: Fundie names one ASX share to buy, one to watch, one to avoid
• Is the ANZ share price cheap right now?
• Investing in ASX 200 bank shares? Here’s the dividend outlook for 2023
• This could crash the earnings season party for ASX 200 bank shares: Macquarie

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. 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 Scott Phillips.

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As an investor, you’d be hard-pressed not to have heard about Warren Buffett. The ‘Oracle of Omaha’, his US$108 billion fortune, and his freely given investing advice are famous around the globe. That’s why I apply Buffett wisdom when seeking shares to add to my ASX portfolio.

While Buffett doesn’t typically invest on the ASX, I believe many of his philosophies can translate to Aussie shares.

Using Buffett wisdom to hunt down ASX bargain shares

Let’s start with the billionaire’s “first rule of investment”:

Never lose money.

Well, that’s often easier said than done. But the investing great has a simple trick to ensure he’s protected against risks.

That is, buying undervalued shares that offer ‘economic moats’.

An economic moat is an advantage a company holds over its peers, be it low-cost production or a globally recognised brand. Fortunately, it can be relatively simple to figure out if a company offers such a moat.

On the other hand, identifying the true value of a share ­– and thereby, whether it’s undervalued – can be tricky.

Assessing value

It’s also one of the most impactful aspects of any investment.

If a stock is bought for more than it’s worth, it’s arguably more likely to prove a poor investment.

Conversely, buying a share for less than its true value can kick start an investors’ returns.

However, the market doesn’t always correctly assess a company’s worth. For that reason, different investors tend to use different methods to find a company’s true value.

Delving into a company’s balance sheet

Of course, one simple way to assess value is metrics like a price-to-earnings (P/E) ratio or a price-to-book (P/B) ratio. A dividend yield might also act as a value gauge.

Though, these measures don’t delve into why a share might be trading at the valuation it is.

Additionally, they’re not all that much use when surveying a loss-making share.

Finding ASX shares on sale

It’s for that reason that identifying whether an ASX share is ‘on sale’ is incredibly personal.

For instance, an investor might not know much about lithium mining, but could have a good gauge on the retail space.

That same investor might be quick to recognise an ASX retail share trading below the true worth of its business.

I personally tend to turn to companies that have already turned a profit and boast a loyal customer base. I also like those that offer ‘sticky’ products that customers often can’t go without, such as, in my opinion, Xero Ltd (ASX: XRO). The company’s accounting software could count as one of Buffett’s touted ‘economic moats’.

My #1 rule when buying ASX shares

Unfortunately, no investment, no matter how considered, is guaranteed to provide returns.

It’s likely that some of the ASX shares I believe to be ‘on sale’ could actually be fairly valued, thereby compressing my potential returns.

That’s why I also aim to create a diverse portfolio of stocks. That way I can help to protect my portfolio against many of the major risks involved with investing.

The post I’m listening to Warren Buffett and buying ASX shares on sale appeared first on The Motley Fool Australia.

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More reading

• Why Centuria Office, Deep Yellow, Newcrest, and Xero shares are racing higher today
• Xero share price jumps 9% to four-month high
• 3 ASX 200 tech shares going gangbusters on Thursday
• How I’d invest $20k in ASX 200 shares in 2023 to aim for a million
• The Nasdaq just had its best January in over 20 years. Are ASX tech shares back?

Motley Fool contributor Brooke Cooper 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 Xero. The Motley Fool Australia has positions in and has recommended Xero. 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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In a world of rapidly changing economic conditions, I like the idea of investing in S&P/ASX 200 Index (ASX: XJO) shares that offer stability and good dividend yields.

We’ve seen huge volatility for names like BHP Group Ltd (ASX: BHP) and Xero Limited (ASX: XRO).

But, if I’m relying on dividend income to fund my lifestyle, I want to find businesses that can provide solid payouts whether the Australian economy or China is firing on all cylinders or not.

With that in mind, these are the ASX 200 shares that I’d love to buy because of the long-term growth potential.

Wesfarmers Ltd (ASX: WES)

Wesfarmers shares have done well in 2023 to date. They are up more than 10%. Over the past year, the share price is only down by 6%.

This ASX 200 share has a number of leading businesses within its portfolio including Bunnings, Kmart, Officeworks and Priceline.

I think the last five or six years (including FY19) have shown that there is usually enough demand for Wesfarmers’ retail businesses to generate decent profit and keep paying dividends.

In my opinion, the business has a very promising future and I like how it’s investing in areas with good tailwinds like healthcare and lithium.

At the current Wesfarmers share price, Commsec numbers suggest that Wesfarmers is going to pay a grossed-up dividend yield of 5.3% in FY23, and 5.75% by FY25.

I like that Wesfarmers is regularly updating its business portfolio and investing for more growth.

Charter Hall Long WALE REIT (ASX: CLW)

I think this ASX 200 share is another contender that could provide stability during this uncertain time.

This real estate investment trust (REIT) that owns a variety of different buildings such as industrial buildings, important retail locations, agri-logistics and so on.

What links all those different properties together is that they’re all leased on long rental contracts. That gives the REIT a long weighted average lease expiry (WALE) – it was 12 years at the latest update, at the annual general meeting (AGM).

It owns around 550 properties, most of which are on the eastern seaboard.

Management describes 99% of its tenants as blue chip, such as Australian government entities, Telstra Group Ltd (ASX: TLS), BP and Endeavour Group Ltd (ASX: EDV).

Around half of its leases are linked to CPI, with a 6.3% weighted average forecast increase in FY23. The other half of leases have a fixed increase, with an average fixed increase of 3.1%.

It’s expecting to pay a distribution of 28 cents per security in FY23, which would be a yield of 5.9%. In FY24 it could pay a distribution of 29 cents according to Commsec, which would be a yield of 6.1%.

The post These 2 ASX 200 shares yield 5% and 6% and I can’t wait to buy them appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Why are ASX 200 iron ore shares like Rio Tinto sliding lower today?
• Telstra shares just rang in a new ASX 200 high. Here’s the tea…
• Guess which ASX 200 lithium share has already rocketed 43% in 2023
• How I’d invest $20,000 in ASX 200 dividend shares in 2023

Motley Fool contributor Tristan Harrison 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 Xero. The Motley Fool Australia has positions in and has recommended Telstra Group, Wesfarmers, and Xero. 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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The S&P/ASX 200 Index (ASX: XJO) is rising 0.18% today and among its highest flyers is ASX 200 lithium share Sayona Mining Ltd (ASX: SYA).

The Sayona Mining share price is up 4.9% and is currently 26.75 cents. But that impressive lift actually pales in comparison to the 43% gain the ASX 200 lithium share has already made in the new year.

There’s no news out from the ASX 200 lithium company today, but it did release its quarterly activities statement for December yesterday.

What’s the latest news from this ASX 200 lithium share?

As my colleague Bernd reported, Sayona revealed it is mere weeks away from restarting its flagship North American Lithium (NAL) project. It expects to achieve first production of lithium spodumene ore in 1Q 2023.

Sayona has also launched a pre-feasibility study (PFS) on the potential to produce lithium carbonate at NAL. The PFS results are expected in April. 

If the PFS goes well, Sayona reckons it has about half the facilities required to produce carbonate already. This is because the previous owners built some facilities before Sayona bought the project.

Sayona got a big response to its report and was among the most heavily traded ASX 200 shares of the day. The Sayona share price was up 7% at one point but ended up closing even at 26 cents.

Market optimism that lithium prices will remain higher for longer has no doubt contributed to the Sayona share price rise in 2023. Other ASX 200 lithium shares have also made impressive gains so far this year.

About Sayona Mining

Sayona is an emerging lithium producer with mining assets encompassing lithium, graphite, and gold.

Its primary focus is the North American Lithium (NAL) project in Quebec, Canada.

Not only does it want to pull lithium out of the ground there, it also wants to process it to supply the fast-growing local battery and electric vehicle market.

It also holds interests in East Kimberley Graphite Project and the Western Australia Lithium/Gold Project.

The post Guess which ASX 200 lithium share has already rocketed 43% in 2023 appeared first on The Motley Fool Australia.

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More reading

• These 2 ASX 200 shares yield 5% and 6% and I can’t wait to buy them
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Why are ASX 200 iron ore shares like Rio Tinto sliding lower today?
• Telstra shares just rang in a new ASX 200 high. Here’s the tea…
• How I’d invest $20,000 in ASX 200 dividend shares in 2023

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. 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 Scott Phillips.

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We are once again seeing a day of progress for ASX shares and the S&P/ASX 200 Index (ASX: XJO). So far this Thursday, the ASX 200 has lifted by 0.09%. That puts the index at just over 7,508 points.

But time now to delve a little deeper into these market moves. So let’s check out the shares currently atop the ASX 200’s share trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Thursday

South32 Ltd (ASX: S32)

First up today, we have the ASX 200 miner South32. So far this session, a notable 12.85 million South32 shares have been bought and sold on the share market. There hasn’t been any fresh news out of the miner for a while now.

So we can probably look to South32 shares themselves for an explanation here. The miner has had a pretty pleasing day thus far, with South32 recording a 1.84% lift to $4.715 a share at the time of writing. The company rose as high as $4.82 earlier this afternoon as well. This big gain is probably what’s behind so many shares trading.

Telstra Group Ltd (ASX: TLS)

Next up, we have the ASX 200 telco Telstra to consider. This Thursday has seen a hefty 16.15 million Telstra shares exchanged on the markets at present. This probably has something to do with Telstra shares hitting a new 52-week high today. Huzzah.

The blue-chip stalwart is up by a marginal 0.12% right now at $4.155 a share, but hit its new high watermark of $4.18 just after market open this morning. A new 52-week high is always a bit of an occasion on the ASX, so it’s this we can look to for Telstra’s elevated volumes.

Sayona Mining Ltd (ASX: SYA)

Thirdly, let’s check out ASX 200 lithium share Sayona Mining. A sizeable 34.04 million Sayona shares have swapped hands on the ASX as it currently stands.

Again, we haven’t heard too much out of the company itself in this instance but that hasn’t stopped Sayona from continuing its rather epic run in 2023 so far. Sayona has added another 6.7% to its valuation today, bringing the company up to 27 cents per share.

The lithium stock is now up a whopping 43% in 2023 year to date. It’s today’s massive share price gain that is probably behind such a large volume of shares moving around.

The post Here are the 3 most heavily traded ASX 200 shares on Thursday appeared first on The Motley Fool Australia.

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More reading

• Happy days! 8 ASX 200 shares smashing new 52-week highs on Thursday
• Why are ASX 200 iron ore shares like Rio Tinto sliding lower today?
• Telstra shares just rung in a new ASX 200 high. Here’s the tea…
• How I’d invest $20,000 in ASX 200 dividend shares in 2023
• Up 37% in 12 months: Here’s why this fundie still sees value in Woodside shares

Motley Fool contributor Sebastian Bowen has positions in Telstra Group. 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 positions in and has recommended Telstra Group. 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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It has been a great day for investors on Thursday, with lower US interest rate expectations putting a rocket under many ASX 200 shares.

In fact, some ASX 200 shares have climbed so much today that they have reached new 52-week highs.

Here are eight that accomplished this feat on Thursday:

Altium Limited (ASX: ALU)

The Altium share price has hit a 52-week high of $39.96 on Thursday thanks to a rebounding tech sector.

Auckland International Airport Limited (ASX: AIA)

The Auckland International Airport share price has risen to a 52-week high of $7.90 this afternoon. Investors appear optimistic that this airport operator will be benefitting greatly from the travel market recovery.

CSL Limited (ASX: CSL)

The CSL share price has continued its positive run and climbed to a 52-week high of $304.75. Morgans is tipping 2023 to be a “break-out” year for the biotherapeutics giant.

Lottery Corporation Ltd (ASX: TLC)

The Lottery Corporation share price has hit a 52-week (and record) high of $4.91 on Thursday. Last week, Macquarie reiterated its outperform rating with an improved price target of $5.10.

Northern Star Resources Ltd (ASX: NST)

The Northern Star share price has hit a 52-week high of $13.31. As you can see below, this means the ASX 200 gold miner’s shares are now up 52% over the last 12 months.

Pro Medicus Limited (ASX: PME)

The Pro Medicus share price is on form again and charged to a 52-week (and record) high of $67.99. A rebounding tech sector and some big contract wins have sent this ASX 200 healthcare technology company’s shares hurtling higher.

Telstra Group Ltd (ASX: TLS)

The Telstra share price has risen to a 52-week high of $4.18. Earlier this week, Goldman Sachs upgraded the telco giant’s shares to a buy rating with a $4.60 price target.

WiseTech Global Ltd (ASX: WTC)

The WiseTech share price has stormed to a 52-week (and record) high of $64.70 this afternoon. This brings the ASX 200 tech share’s 12-month return to a sizeable 40%.

The post Happy days! 8 ASX 200 shares smashing new 52-week highs on Thursday appeared first on The Motley Fool Australia.

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More reading

• Telstra shares just rung in a new ASX 200 high. Here’s the tea…
• CSL share price surges to new 52-week high on Thursday
• 3 ASX 200 tech shares going gangbusters on Thursday
• How I’d invest $20k in ASX 200 shares in 2023 to aim for a million
• Goldman reveals the ASX shares that could surprise to the upside (and downside) this reporting season

Motley Fool contributor James Mickleboro has positions in Altium and CSL. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Altium, CSL, Pro Medicus, and WiseTech Global. The Motley Fool Australia has positions in and has recommended Pro Medicus, Telstra Group, and WiseTech Global. 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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ASX 200 iron ore shares including Rio Tinto Ltd (ASX: RIO) are slipping today on news of lower shipments and a fall in the commodity price overnight. 

Meantime, the S&P/ASX 200 Index (ASX: XJO) is up 0.18%.

Iron ore shares are down because the value of 62% fe iron ore fell by 0.78% overnight. It now sits at US$128 per tonne.

On top of that, The Australian reports that iron ore shipments from Australia are down.

Shipments totalled 17.8 million tonnes in the week to 20 January, according to Marcura data compiled by Bloomberg. Preliminary data for the week to 27 January shows 17.9 million in shipments.

Both results are down on the $18 million recorded in the week to 13 January.

How far are ASX 200 iron ore shares dropping today?

Right now, all the big-name ASX iron ore shares are down but Rio Tinto is down the most.

The Rio Tinto share price is down 2.3% to $125.46.

Shares in fellow mining giant BHP Group Ltd (ASX: BHP) are down 1.4% to $48.85.

Iron ore pure-play Fortescue Metals Group Limited (ASX: FMG) shares are down 0.2% to $22.29.

Mid-cap iron ore share Champion Iron Ltd (ASX: CIA) is down 0.6% to $7.34.

Why is the Rio Tinto share price falling the most?

Rio shares may also be down following news reports that the company will be picking up the tab for the search in the Western Australian outback for a radioactive tablet that fell off one of its trucks.

It was recovered yesterday in a remarkable feat, given its tiny size of just 8mm long and 6mm in diameter.

The tablet is part of an industrial gauge commonly used in the mining industry. The gauge was recently used to measure iron ore feed at Rio Tinto’s Gudai-Darri mine.

In a press release, the CEO of Rio Tinto’s iron ore division, Simon Trott said the company was “incredibly grateful for the hard work of everyone involved in finding the missing capsule”.

Trott said:

We are taking this incident very seriously and are undertaking a full and thorough investigation into how it happened.

As part of our investigation, we will be assessing whether our processes and protocols, including the use of specialist contractors to package and transport radioactive materials, are appropriate.

The outlook for iron ore

As every investor in ASX 200 iron ore shares knows, daily stock prices tend to move in line with commodity prices. And shipment volumes will vary from week to week. So, today’s price movements simply represent the swings and roundabouts of commodity-stock investing.

What’s more important for iron ore shares investors is long-term trends, and news and events that will support iron ore prices, like China’s reopening.

Looking ahead, top broker Goldman Sachs is forecasting a commodity price recovery in 1H 2023:

While we continue to think 1Q23 will be a tough quarter for base metals and steel due to ongoing weak European and global demand, our expectation of a China reopening in 2Q, extreme lows in global base metal inventories and ongoing supply side disruptions make us positive on a 2H commodity price recovery.

Goldman expects iron ore demand to increase in line with increased Chinese steel production. The broker was “most positive” on 62% fe and high-grade iron ore.

As we reported last month, Goldman upped its share price target for Rio Tinto by 9% to $130 per share. It raised the target on BHP shares by 12% to $48.10 and Champion Iron shares by 22% to $8.40.

The post Why are ASX 200 iron ore shares like Rio Tinto sliding lower today? appeared first on The Motley Fool Australia.

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More reading

• Telstra shares just rung in a new ASX 200 high. Here’s the tea…
• Why QBE, Pinnacle, Rio Tinto, and Virgin Money shares are dropping
• How I’d invest $20,000 in ASX 200 dividend shares in 2023
• Here’s the Fortescue dividend forecast through to 2025
• Up 37% in 12 months: Here’s why this fundie still sees value in Woodside shares

Motley Fool contributor Bronwyn Allen has positions in BHP Group and Fortescue Metals Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. 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 Scott Phillips.

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It’s been a positive day for the S&P/ASX 200 Index (ASX: XJO) and ASX shares this Thursday. At the time of writing, the ASX 200 has lifted by 0.18% to 7,515 points after climbing as high as 7,548 points earlier in the session. But one ASX 200 share that is doing even better is Telstra Group Ltd (ASX: TLS).

Telstra shares are on a roll today. Sure, the 0.12% gain the telco has recorded at present doesn’t look that impressive. But earlier this morning, Telstra hit $4.18 a share. That’s a new 52-week high for the ASX 200 blue-chip veteran.

Telstra shares are now up around 15.5% since the company’s last 52-week low of $3.62 that we saw back in September last year.

It’s also very close to a new five-year high for Telstra. Back in January 2022, the company rose as high as $4.22 a share. But you’d have to go back to 2017 to find the last time the Telstra share price was above $4.31 a share:

Of course, this is not an all-time high for the company. Not even close. Back in Tesltra’s early ASX days in the late 1990s, the company got pretty close to asking $9 a share. We’re not even halfway to that historical high water mark today.

But it’s been a long time since Telstra was at those kinds of prices. The closest the telco got to those heights was back in early 2015 when it looked like the company was closing in on $7. But it wasn’t to last, and Telstra fell a nasty 60% or so between early 2015 and mid-2018.

But enough history. So why are Telstra shares tilling new highs today?

Why are Telstra shares at a new 52-week high today?

Well, it’s got nothing to do with anything out of the company itself, since Tesltra’s last ASX announcement was back on 4 January. So perhaps investors are taking note of what ASX brokers have been saying of late.

As my Fool colleague James covered this morning, ASX broker Morgans has given Telstra shares a buy rating, complete with a 12-month share price target of $4.65.

The broker reckons Telstra shares are undervalued today, given the value of the company’s underlying infrastructure assets. It’s also predicting Tesltra will maintain its generous dividend policy over the next few years.

Fellow broker Goldman Sachs has an equally bullish outlook on the telco as well, with its own share price target of $4.60.

So it’s possible that investors are taking these brokers at their word and are buying into Telstra and driving up its share price. No doubt Telstra investors will be unable to find too much fault in what is happening.

At the current Tesltra share price, this ASX 200 telco has a market capitalisation of $48 billion, with a dividend yield of 3.97%.

The post Telstra shares just rung in a new ASX 200 high. Here’s the tea… appeared first on The Motley Fool Australia.

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More reading

• Why are ASX 200 iron ore shares like Rio Tinto sliding lower today?
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Motley Fool contributor Sebastian Bowen has positions in Telstra Group. 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 positions in and has recommended Telstra Group. 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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The Xero Limited (ASX: XRO) share price is having a sensational day.

At the time of writing, the cloud accounting platform provider’s shares are up 9% to a four-month high of $84.16.

Why is the Xero share price surging today?

Investors have been scrambling to buy Xero shares today following a rebound in the tech sector after the US Federal Reserve hinted that its rate hikes could soon be coming to an end.

This saw the technology-focused Nasdaq index rise 2% overnight and the S&P/ASX All Technology Index rise 3.5% this afternoon.

In addition, the Xero share price may be rising more than most in the tech sector thanks to some recent broker commentary.

Earlier this week, Goldman Sachs added the company to its coveted conviction list with a buy rating and $109.00 price target. This suggests that its shares could still rise 30% over the next 12 months even after today’s gain.

Its analysts commented:

We see Xero as very well-placed to take advantage of the digitisation of SMBs globally, driven by compelling efficiency benefits and regulatory tailwinds, with >100mn SMBs worldwide representing a >NZ$76bn TAM. Following the recent underperformance (absolute/relative), we see an attractive entry point into a compelling global growth story and our preferred large-cap technology name in ANZ, and are Buy rated (on CL).

The post Xero share price jumps 9% to four-month high appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 200 tech shares going gangbusters on Thursday
• How I’d invest $20k in ASX 200 shares in 2023 to aim for a million
• The Nasdaq just had its best January in over 20 years. Are ASX tech shares back?
• ‘Incredible value’: 3 ASX 200 shares expert would buy now for long-term growth
• The ASX 200 is still full of cheap shares despite this year’s surge and I’m ready to buy more

Motley Fool contributor James Mickleboro has positions in Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Xero. The Motley Fool Australia has positions in and has recommended Xero. 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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