If you are looking to bolster your portfolio with some ASX 200 shares, you may want to look at the two listed below.
Here's why these ASX 200 shares are highly rated by experts right now:
REA Group Limited (ASX: REA)
The first ASX 200 share to look at is property listings company REA Group. It is best-known for the realestate.com.au website, which is dominating the ANZ market with an average of well over 100 million monthly visits to its website. This is over 3 times greater than its nearest competitor, which highlights just how powerful it has become over the last decade.
It is thanks to this dominant market position, together with new acquisitions and revenue streams, that REA Group has been tipped to grow strongly in the coming years.
Morgans, for example, is very positive on the company's outlook. As a result, the broker has an add rating and $143.00 price target on its shares. This compares favourably to the latest REA share price of $123.77.
SEEK Limited (ASX: SEK)
Another ASX 200 share that experts rate highly is Seek. It is of course the ANZ region's leading job listings company.
It bounced back strongly from the pandemic and delivered a huge increase in revenue and net profit after tax in FY 2022. Seek reported a 47% increase in revenue to $1.16 billion and an 81% jump in net profit after tax to $245.5 million.
This was driven by very strong ad volumes, with records broken in March, and an 11% increase in ad yields. The latter reflects higher prices, a favourable customer mix, and increased depth adoption.
This went down well with UBS, which responded by upgrading Seek's shares to a buy rating with a $27.80 price target. This implies material upside based on the current Seek share price $20.59.
