If you're in the process of building or refreshing an ASX retirement portfolio, then it could be worth looking at the ASX shares listed below.
They have been named as buys by analysts at Goldman Sachs and tipped to be long-term winners for investors. Here's what the broker is saying:
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Lifestyle Communities Ltd (ASX: LIC)
The first ASX retirement share to look at is Lifestyle Communities. It is a developer, owner and manager of affordable independent living residential land lease communities.
Goldman Sachs is a big fan of the company and responded to its recent capital raising by retaining its buy rating with a new $21.55 price target. It analysts commented:
The long-term outlook for LIC is very positive — we believe outperformance of the stock will be driven by: (1) a step up in the pace of land acquisitions, with industry build rates below demand from an ageing population; (2) structural growth in demand for land lease as the sector increases its penetration among retirees; and (3) fundamental valuation support for cap rates.
Woolworths Group Ltd (ASX: WOW)
Another ASX retirement share that could be in the buy zone is supermarket giant Woolworths.
It has been tipped to deliver solid earnings and dividend growth over the long term by analysts at Goldman Sachs. This is expected to be driven by market share gains thanks to its omnichannel advantage and powerful loyalty program.
The broker has a buy rating and $40.40 price target on its shares. It said:
We are Buy rated on the stock as 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 its ability to pass through any cost inflation to protect its margins, beyond market expectations.
