Are you looking to make some additions to your portfolio in 2022? If you are, the three ASX shares listed below could be great options.
They have been tipped as shares that could generate strong returns for investors in the future. Here's why they could be five-star stocks:
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CSL Limited (ASX: CSL)
The first five-star stock for investors in 2022 is CSL. It is one of the world's leading biotherapeutics companies with a portfolio of life-saving, world class therapies and vaccines. Its products are used around the world to treat immunodeficiencies, bleeding disorders, hereditary angioedema, Alpha 1 antitrypsin deficiency, and neurological disorders. The company is also in the process of adding treatments for iron deficiency, nephrology and cardio-renal to its arsenal through the acquisition of Vifor Pharma for $17 billion. Together with its ~US$1 billion annual spend on R&D, CSL looks well-placed for growth over the long term.
Citi currently has a buy rating and $340.00 price target on the company's shares.
Domino's Pizza Enterprises Ltd (ASX: DMP)
Another five-star stock to look at is Domino's. This pizza chain operator could be a quality option for investors due to its bold growth plans and the ongoing popularity of its offering. In respect to its growth plans, management is aiming to more than double its footprint to 6,650 stores in existing markets by 2033. It also has the balance sheet strength to make acquisitions that increase its addressable market even further. Combined with its long track record of delivering solid same store sales growth, this bodes well for its growth over the 2020s.
Goldman Sachs is a fan of the company and has a buy rating and $147.00 price target on its shares.
REA Group Limited (ASX: REA)
A final five-star stock to consider buying in 2022 is REA Group. It is the digital advertising company that operates Australia's leading property website, realestate.com.au. In addition, REA operates a number of complementary businesses in the Australian market and internationally. This includes its growing presence in the mortgage broker market following the acquisition of Mortgage Choice. All in all, together with new revenue streams, its good cost control, and a booming housing market, REA Group appears well-placed for growth.
Macquarie is very positive on the company's outlook and has an outperform rating and $192.00 price target on its shares.
