If you're interested in adding some S&P/ASX 200 Index (ASX: XJO) shares to your portfolio in August, then the three listed below could be worth considering.
These ASX 200 shares have all been named as buys recently. Here's what you need to know about them:
Cochlear Limited (ASX: COH)
The first ASX 200 share to look at is Cochlear. It is one of the world's leading hearing solutions companies. It could be a great long term option for investors thanks to its leadership position in an industry with high barriers of entry and experiencing favourable tailwinds such as ageing populations.
Goldman Sachs is a fan of Cochlear. Its analysts currently have a buy rating and $237.00 price target on its shares. This compares favourably to the latest Cochlear share price of $212.64.
NEXTDC Ltd (ASX: NXT)
Another ASX 200 share that could be in the buy zone is NextDC. It is a leading data centre operator with a collection of world class centres that are benefiting from the ongoing structural shift to the cloud. Together with its potential expansion into Asia and Edge (regional) data centres, NextDC has been tipped to grow strongly in the coming years by a number of brokers.
One of those is Citi, which currently has a buy rating and $14.55 price target on its shares. This is materially higher than the latest NextDC share price of $11.60.
SEEK Limited (ASX: SEK)
A final ASX 200 share for investors to look at is leading job listings company, Seek. It appears well-positioned for growth in the coming years thanks to its leadership position, strong pricing power, and exposure to Australia's recovery from the pandemic.
The team at Credit Suisse is positive on Seek. Its analysts currently have an outperform rating and $36.90 price target on its shares. This implies significant upside from the current Seek share price of $21.49.
