Motley Fool Australia

3 ASX 200 shares to buy right now

Image source: Getty Images

The S&P/ASX 200 Index (ASX: XJO) is home to 200 of the largest companies on the Australian share market.

While not all of these shares are necessarily in the buy zone, a good number jump out as potential options.

Three that come highly rated are listed below. Here’s why they could be in the buy zone:

Altium Limited (ASX: ALU)

Altium is a leading printed circuit board (PCB) design software provider. These PCBs are found inside almost all electronic devices. Given the proliferation of electronic devices due to the artificial intelligence and internet of things markets, demand for its software platform has been very strong in recent years. And while the pandemic is having an impact on demand right now, management remains very positive on its long term growth trajectory.

Credit Suisse is a fan of the company and this week put an outperform rating and $35.00 price target on its shares.

Aristocrat Leisure Limited (ASX: ALL)

Another ASX 200 share to look at is Aristocrat Leisure. It is one of the world’s leading gaming technology companies and responsible for many of the most popular poker machines around. In addition to this, the company has a thriving digital segment which creates a wide range of games such as Raid: Shadow Legends, Toy Story Drop, and Big Fish Casino. This segment has millions of daily users generating recurring revenues. And with new releases strengthening its offering and casinos reopening, the company looks well-positioned for growth.

Citi notes that 2020 has been a difficult year, but believes the company will bounce back strongly and grow nicely over the medium term. The broker has a buy rating and $40.60 price target on its shares.

REA Group Limited (ASX: REA)

A final ASX 200 share to get better acquainted with is REA Group. It is the leading real estate listings company in the Australian market and owns several equivalents in international markets. FY 2020 was a difficult year because of the pandemic, but thanks to its excellent costs control, the company delivered a robust full year result. Pleasingly, it has started FY 2021 strongly and looks well-placed to accelerate its growth as trading conditions improve.

Morgan Stanley is positive on the company and has an overweight rating and $150.00 price target on its shares.

Where to 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 more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

*Returns as of June 30th

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and recommends Altium. The Motley Fool Australia has recommended REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Related Articles…

Latest posts by James Mickleboro (see all)