Buy and hold these ASX 200 shares: brokers

These could be great options for investors looking for buy and hold investments.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Are you wanting to make some new additions to your portfolio?

If you are, then analysts think the two ASX 200 shares listed below could be worth considering. Here's why these shares are rated as buys:

A businessman hugs his computer and smiles.

Image source: Getty Images

Altium Limited (ASX: ALU)

The first ASX 200 share that could be a great buy and hold option is Altium.

Altium is a software company that focuses on electronic design systems for 3D printed circuit board (PCB) design and embedded system development. It is used by design teams of all shapes and sizes. This includes the likes of BAE Systems, Dell, Microsoft, NASA, and Tesla.

Thanks to favourable industry tailwinds and its leadership position, management is forecasting strong revenue growth in the coming years. It is is aiming to achieve US$500 million in revenue by 2026, which will be more than double FY 2022's revenue of US$220.8 million.

Morgan Stanley is a fan of the company. It currently has a buy rating and $43.50 price target on its shares.

Aristocrat Leisure Limited (ASX: ALL)

Aristocrat could be another ASX 200 share to buy and hold.

It is a gaming technology company with a portfolio of industry-leading poker machines, a lucrative digital business, and a fledgling real money gaming business. The latter recently launched with a deal with BetMGM.

Goldman Sachs is confident in the company's long term outlook. This is due to Aristocrat "holding a top 3 spot in slot machine sales in the US, having a strong digital gaming offering, and now launching into the growing iGaming market."

Goldman has a buy rating and $42.80 price target on its shares.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Temple & Webster Group. The Motley Fool Australia has recommended Temple & Webster Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Growth Shares

A graphic of a pink rocket taking off above an increasing chart.
Growth Shares

This could be the best ASX 300 stock buy today!

This seems like a great time to invest.

Read more »

Man holding out Australian dollar notes, symbolising dividends.
Growth Shares

Where to invest $10,000 in ASX shares in April

Wondering where to invest? Here are three picks to consider.

Read more »

Hand holding Australian dollar (AUD) bills, symbolising ex dividend day. Passive income.
Growth Shares

Where to invest $500 in ASX shares right now

Looking for investment options? Here are three top picks for the month.

Read more »

Beautiful young woman drinking fresh orange juice in kitchen.
Growth Shares

Why these ASX 200 stocks could be perfect for buy and hold investors

Not all companies are suited to a long-term approach, which is why selection matters.

Read more »

A man sitting at his dining table looks at his laptop and ponders the share price.
Growth Shares

3 ASX 200 shares I would buy immediately if the market dips again

These quality shares could be worth a look if they pull back further.

Read more »

A man is shocked about the explosion happening out of his brain.
Growth Shares

$5,000 to invest? 3 ASX shares that could be no-brainer buys right now

You don't need a brain to see that these shares could be attractively priced right now.

Read more »

A graphic of a pink rocket taking off above an increasing chart.
Growth Shares

2 ASX growth shares to buy now while they're on sale

I think it’s a great time to invest in these stocks at excellent prices…

Read more »

Green arrow with green stock prices symbolising a rising share price.
Growth Shares

2 ASX shares highly recommended to buy: Experts

These businesses are very positively rated by analysts.

Read more »