Are you interested in adding some ASX shares to your portfolio this month?
Three ASX 200 shares that could be worth considering are listed below. Here's what you need to know about them:
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NextDC Ltd (ASX: NXT)
The first ASX 200 share to look at is data centre operator NextDC. With more and more services shifting to the cloud, demand for data centre space has been growing at a rapid rate in recent years. The good news is that the shift to the cloud is still a work in progress, which bodes well for demand over the next decade. And with NextDC owning some of the highest quality data centres in the world, it appears well-placed to capture this demand. In addition, the company is constructing new centres in regional markets and looking at the Asian market.
Goldman Sachs is positive on the company and has a buy rating and $14.20 price target on its shares.
Seek Limited (ASX: SEK)
Another ASX 200 share that could be in the buy zone is this leading job listings company. Seek has been tipped to continue its solid growth over the long term thanks to its leadership position in the ANZ market and its international operations.
Credit Suisse is a fan of Seek. Last month, its analysts put an outperform rating and $36.90 price target on its shares. It expects Seek to outperform its guidance in FY 2022.
TechnologyOne Ltd (ASX: TNE)
A final ASX 200 share to look at is enterprise software provider TechnologyOne. It has been tipped to deliver strong earnings growth over the coming years thanks to its transition to a software-as-a-service (SaaS) focused business. As of its last update, management believes it is on track to almost double its annual recurring revenue (ARR) to $500 million by FY 2026.
The team at Goldman Sachs is also very positive on Technology One. The broker currently has a buy rating and $13.30 price target on its shares.
