Do you have $10,000 available to invest in the share market? If you do, here are four ASX 200 shares that analysts think could be great options for these funds.
Let's see what brokers are saying about them:
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Lovisa Holdings Ltd (ASX: LOV)
This fashion jewellery retailer could be an ASX 200 share to buy right now.
That's the view of analysts at Morgans, which believe that its shares could be undervalued following a sharp pullback this month.
According to a recent note, the broker has an add rating and $36.50 price target on its shares. Based on the current Lovisa share price of $31.36, this implies potential upside of 16% for investors over the next 12 months.
Megaport Ltd (ASX: MP1)
Another ASX 200 share that could be in the buy zone right now is Megaport. It is a leading global provider of elastic interconnection services.
Macquarie is very bullish on the company and believes it is well-placed for growth in the coming years. In light of this, it sees recent share price weakness as a compelling buying opportunity.
Late last month, the broker put an outperform rating and $13.60 price target on Megaport's shares. This suggests that they could rise over 80% between now and this time next year.
Treasury Wine Estates Ltd (ASX: TWE)
A third ASX 200 share to consider for a $10,000 investment is Treasury Wine. It is the wine giant responsible for a portfolio of popular brands including Penfolds, 19 Crimes, Squealing Pig, Blossom Hill, Lindeman's, and DAOU Vineyards.
Morgans rates the company highly and sees a lot of value in its shares. Especially now China has removed its restrictions on Australian wine.
The broker has an add rating and $14.80 price target on its shares. This implies potential upside of 30% for investors.
Xero Ltd (ASX: XRO)
A final ASX 200 share that could be a great option for a $10,000 investment is Xero. It is a growing cloud accounting platform provider.
Goldman likes Xero due to its huge long-term growth opportunity. It notes that Xero is "very well-placed to take advantage of the digitisation of SMBs globally, driven by compelling efficiency benefits and regulatory tailwinds, with >100mn SMBs worldwide representing a >NZ$100bn TAM."
The broker currently has the company's shares on its Asia-Pacific conviction list with a buy rating and $180.00 price target. This suggests that upside of 28% is possible from current levels.
