Investors that are looking for some new shares to buy might want to look at the blue chips listed below.
These two blue chip ASX 200 shares have been tipped to climb meaningfully higher from where they trade today. Here's what you have to know about them:
CSL Limited (ASX: CSL)
The first ASX 200 share for investors to look at is CSL. It is one of the world's leading biotechnology companies, comprising the CSL Behring and Seqirus businesses.
CSL is also aiming to acquire Vifor Pharma, which will expand its product portfolio and pipeline. Together with its billion-dollar per annum spend on R&D and improving plasma collections, CSL appears well-positioned for long term growth.
The team at Citi is positive on CSL and has a buy rating and $335.00 price target on its shares. Its analysts believe that plasma collections will bounce back beyond pre-pandemic levels this year, which it expects to be a big boost to investor sentiment.
The broker commented: "Over the next six months, we expect the market to focus on the strong underlying plasma market demand, and the closure the Vifor deal, both of which should lead to strength in the share price."
Goodman Group (ASX: GMG)
Another blue chip ASX 200 share that is highly rated is Goodman. It is a global integrated commercial and industrial property company with a world class property portfolio.
Goodman's high quality properties have exposure to key growth markets such as ecommerce and are in high demand with tenants. In addition, the company has a development pipeline which looks set to underpin further solid earnings growth in the coming years.
Citi is also positive on Goodman's future. Its analysts currently have a buy rating and $29.50 price target on its shares. The broker expects Goodman to outperform its upgraded earnings guidance in FY 2022.
Its analysts commented: "We continue to see guidance as conservative, with our EPS estimates rising 5% in FY22 and c. 6% thereafter. We now forecast c. 23% EPS growth in FY22 and c. 19% EPS CAGR from FY21-FY24. Our TP increases 5% on higher asset values and higher earnings. GMG remains OUR top pick in the sector."
