Are you looking to make some long term investments to take advantage of the power of compounding?
If you are, then it could be worth considering the three ASX 200 shares listed below that analysts currently rate as buys. Here's why they could be great buy and hold picks for investors today:
CSL Ltd (ASX: CSL)
Analysts at Bell Potter think that CSL could be a quality ASX 200 share to buy and hold. Particularly given its positive earnings growth outlook and attractive valuation. They said:
CSL presents an attractive buying opportunity as we anticipate the start of a margin recovery phase for CSL, driving above-market earnings growth over the next few years. CSL trades at a 12-month forward PE of ~28x, representing a discount to its 10-year average of ~31x and a substantial discount to its 5 year average of ~35x.
The broker has a buy rating and $327.42 price target on its shares.
Megaport Ltd (ASX: MP1)
Over at Goldman Sachs, its analysts think that this network as a service provider could be a great ASX 200 share to buy now. Especially following a sharp pullback in its share price this week and its significant long-term growth runway.
Following the release of its results, the broker commented:
[W]e remain confident MP1 has a clear product advantage vs. peers and a decade-long runway for robust growth. Despite the soft operational trends in recent periods, we expect still robust top-line growth, with the increased focus on profitable growth supporting an attractive earnings profile over FY24-26.
Goldman Sachs has a buy rating and $12.00 price target on its shares.
Treasury Wine Estates Ltd (ASX: TWE)
Finally, analysts at Morgans are tipping this wine giant as a top ASX 200 share to buy.
The broker believes the recent acquisition of DAOU Vineyards could be a bit of a game changer for the company and leaves it well-placed for growth. It said:
The acquisition is in line with TWE's premiumisation and growth strategy and will strengthen a key gap in Treasury Americas (TA) portfolio. Importantly, DAOU has generated solid earnings growth and is a high margin business. It consequently allowed TWE to upgrade its margins targets. While not without risk given the size of this transaction, if TWE delivers on its investment case, there is material upside to our valuation.
Morgans has an add rating and $14.80 price target on its shares.
