Buy this ASX 200 stock for 'stability and growth potential'

One analyst has good things to say about this stock.

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Goodman Group (ASX: GMG) shares are a popular option for investors.

The ASX 200 stock features in countless portfolios across the country and it isn't hard to see why.

What is Goodman?

Goodman Group is an integrated property group with operations and investments throughout Australia, New Zealand, Asia, Europe, the United Kingdom and the Americas.

It is one of the largest listed specialist investment managers of industrial property and business space globally.

Management notes that Goodman's global property expertise, integrated own+develop+manage customer service offering and significant investment management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver long-term returns for investors.

Well, the company has certainly delivered on the latter. Goodman shares have been incredible performers over the last decade.

During this time, the ASX 200 stock has delivered an average total return of 22% per annum.

To put that into context, a $10,000 investment in Goodman's shares back in 2014 would now be worth almost $75,000.

Is it too late to buy this ASX 200 stock?

One analyst that remains very positive on Goodman is Niv Dagan from Peak Asset Management.

Peak Asset Management is a boutique investment management firm that is headquartered in Melbourne. It aims to provide private and institutional investors with access to Australia's most attractive corporate opportunities. The company notes that each opportunity must pass its strict investment process.

According to The Bull, Peak Asset Management's executive director, Niv Dagan, thinks the ASX 200 stock is a great long term option for investors. This is due to its stability and growth potential. He said:

Goodman is an integrated industrial property group. It reported $12.9 billion of development work in progress across 82 projects on March 31. The company's solid earnings growth and robust financial health underpin its appeal. Given its global presence and consistent performance, Goodman is a promising candidate for a long-term investment, as it offers stability and growth potential.

Is anyone else bullish?

Analysts at Citi would likely agree with Peak's positive view on Goodman.

That's because earlier this month the broker put a buy rating and $40.00 price target on the ASX 200 stock.

Based on its current share price of $35.18, this implies potential upside of almost 14% for investors over the next 12 months. The broker believes Goodman is well-placed for growth thanks to its data centre and warehouse developments.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 Goodman Group. The Motley Fool Australia has recommended Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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