Looking for an ASX 200 share or two to buy? Two that analysts rate as buys are listed below.
Here's what experts are saying about them:
Seek Limited (ASX: SEK)
The first ASX 200 share that has been tipped as a buy is job listings company, Seek.
The team at Morgans is positive on the company and has $29.40 price target on its shares.
It believes Seek is well-placed for growth in the coming years thanks to its strong market position and favourable tailwinds. It also believes the company is the best option in the classified space. The broker explained:
Of the classifieds players, we continue to see SEEK as the one with the most relative upside, a view that's based on the sustained listings growth we've seen over the period. The tailwinds that have driven elevated job ads (~210k currently, broadly flat on the robust pcp) and strong FY22 result appear to still remain in place, i.e. subdued migration, candidate scarcity and the drive for greater employee flexibility. With businesses looking to grow headcount in the coming months and job mobility at historically high levels according to the RBA, we see these favourable operating conditions driving increased reliance on SEEK's products.
Woolworths Group Ltd (ASX: WOW)
Another ASX 200 share that has been named as a buy is Woolworths.
Goldman Sachs is a very big fan of the retail giant. So much so, the broker has put its shares on its conviction list with a buy rating and $41.20 price target.
Goldman believes Woolworths is the top pick in the supermarket space and expects further market share gains and margin improvements in the coming years. It said:
We believe the business has among the highest consumer stickiness and loyalty among peers, and hence has strong ability to drive market share gains via its omni-channel advantage, as well as pass through any cost inflation to protect its margins, beyond market expectations. The stock is trading below its historical average (since 2018), and we see this as a value entry level for a high-quality and defensive stock.
