A new financial year is on the horizon, so what better time to make some new additions to your investment portfolio.
But which ASX 200 stocks could be buys?
Let's take a look at three best buys for FY 2025 according to analysts at Bell Potter. They are as follows:
Bega Cheese Ltd (ASX: BGA)
Bell Potter sees a lot of value in this diversified food company's shares. Particularly given that its outlook is becoming more positive and its shares are trading on historically low forward earnings multiples. It explains:
Our Buy rating remains on BGA is based on: (1) a historically low forward multiple; (2) consolidating milk processing infrastructure; and (3) the material valuation upside should BGA execute on its 5 year targets. In addition, we note that the key drivers of FY25e appear to have improved in recent months, with: (1) Australian milk production continuing to demonstrate YOY growth through 4Q24; (2) YOY gains in SMP pricing in FY25e futures markets; and (3) a material YOY downdraft in farmgate milk prices in FY25e based on minimum opens by major processors.
Bell Potter has a buy rating and $5.35 price target on its shares. This implies potential upside of 26% for investors over the next 12 months.
Neuren Pharmaceuticals Ltd (ASX: NEU)
Another ASX 200 stock that Bell Potter is bullish on for FY 2025 is biotechnology company Neuren Pharmaceuticals.
The broker believes it could be a great long term pick for patient investors. It explains:
In the last six months, NNZ-2591 reported highly encouraging Phase 2 data in two rare diseases. NEU will once again have first-to-market opportunities in these two rare diseases, assuming future Phase 3 trials are successful. While short-term news will continue to be impacted by Acadia's commercialisation of NEU's first drug, called Daybue, we maintain our BUY recommendation for investors who have a longer 2 to 3-year investment horizon.
Bell Potter has a buy rating and $28.00 price target on its shares. This suggests that potential upside of 32% is possible from current levels.
Boss Energy Ltd (ASX: BOE)
If you're not averse to investing in the mining sector, then this uranium miner could be an ASX 200 stock to buy according to Bell Potter.
The broker sees "significant value" in its shares right now. Especially given its geographically diversified multi-asset portfolio and the uranium bull market. It said:
BOE's Honeymoon project recommenced production in April-24, with first sales expected in July-24. The business over the last six months has changed somewhat, with the acquisition of a 30% interest in the Alta Mesa project with JV partner enCore energy in South Texas. We continue to see significant value in BOE, with optionality around expansion at Honeymoon via low-risk and cost regional resources at Jasons and Goulds Dam. With the inclusion of Alta Mesa, BOE boasts a geographically diversified multi-asset portfolio with several growth levers yet to be pulled, heading into a uranium bull market.
Bell Potter has a buy rating and $6.35 price target. This implies potential upside of 54% for investors.
