5 of the best ASX 200 shares to buy after the market selloff

These shares could be top picks following this month's market weakness.

| More on:
Three happy office workers cheer as they read about good financial news on a laptop.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

If you have room in your portfolio for some new ASX 200 shares after the market selloff, then read on!

That's because listed below are five shares that analysts think are top picks for investors in April. Here's why they could be buys:

BHP Group Ltd (ASX: BHP)

The mining giant remains one of the most dependable blue-chip shares on the ASX 200. With exposure to commodities such as iron ore, copper, and nickel, BHP is well-positioned to benefit from long-term global demand for raw materials, particularly as electrification and infrastructure spending ramp up worldwide.

Goldman Sachs is bullish on the Big Australian. It has a buy rating and $45.10 price target on its shares.

Life360 Inc (ASX: 360)

Another ASX share that could be a buy is Life360. This location and safety services provider continues to expand and monetise its huge user base. With strong revenue growth, a loyal customer base, and a strategic push into other areas, Life360 has significant potential as it scales further.

Goldman Sachs is very positive on the company's future. So much so, the broker recently put a buy rating and $27.00 price target on its shares.

NextDC Ltd (ASX: NXT)

With the increasing demand for cloud computing and data storage, NextDC is well-positioned for long-term success. The data centre operator continues to expand its footprint across Australia and the Asia-Pacific, supporting major enterprises and cloud providers.

The team at Macquarie is positive on the company. It recently put a outperform rating and $21.20 price target on its shares.

WiseTech Global Ltd (ASX: WTC)

The logistics software giant continues to grow its market share globally. WiseTech's CargoWise platform is used by some of the largest freight and logistics companies worldwide, and its recurring revenue model arguably makes it a quality ASX 200 share to hold for the long term. Especially given a significant pullback in its shares in 2025.

Macquarie also sees a lot of value in WiseTech's shares at current levels. It has an outperform rating and $152.70 price target on them.

Woolworths Group Ltd (ASX: WOW)

Finally Woolworths could be an ASX 200 share to buy in April. As Australia's largest supermarket chain, Woolworths offers defensive earnings and consistent dividends. The company's focus on digital transformation, loyalty programs, and supply chain efficiencies should also help drive growth in the coming years after a tough period.

Goldman Sachs is tipping its shares as a buy with a price target of $34.70.

Motley Fool contributor James Mickleboro has positions in Life360, Nextdc, and WiseTech Global. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group, Life360, Macquarie Group, and WiseTech Global. The Motley Fool Australia has positions in and has recommended Macquarie Group and WiseTech Global. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Broker Notes

A male investor sits at his desk looking at his laptop screen holding his hand to his chin pondering whether to buy Macquarie shares
Financial Shares

This leading broker just upgraded AMP shares to 'outperform'. Here's why

This top broker just turned bullish on AMP shares. But why?

Read more »

A Paladin Energy miner wearing a hard hat and protective gear stands in front of a large mining truck and smiles to the camera.
Energy Shares

Paladin Energy shares have surged 32% in 2 days. Macquarie says that's the tip of the iceberg

After a tough year, the future is looking brighter for Paladin Energy shares.

Read more »

A male sharemarket analyst sits at his desk looking intently at his laptop with two other monitors next to him showing stock price movements
Broker Notes

Top brokers name 3 ASX shares to buy today

Here's what brokers are recommending as buys this week.

Read more »

Contented looking man leans back in his chair at his desk and smiles.
Broker Notes

Leading brokers name 3 ASX shares to buy today

Here's why brokers believe that now could be the time to snap up these shares.

Read more »

a woman holds a facebook like thumbs up sign high above her head. She has a very happy smile on her face.
Broker Notes

Bell Potter names the best dirt cheap ASX 200 stocks to buy

These top stocks could be going cheap according to the broker.

Read more »

A businessman looking at his digital tablet or strategy planning in hotel conference lobby. He is happy at achieving financial goals.
Broker Notes

Top brokers name 3 ASX shares to buy next week

Brokers gave buy ratings to these ASX shares last week. Why are they bullish?

Read more »

man sitting in hammock on beach representing asx shares to buy for retirement
Broker Notes

Want to retire rich? These ASX 200 shares could be top buy and hold picks

Analysts think these shares could be great long term options for Aussie investors.

Read more »

A man holding a cup of coffee puts his thumb up and smiles while at laptop.
Broker Notes

Goldman Sachs says this ASX 200 share is dirt cheap

The broker sees big returns on the cards for buyers of this stock.

Read more »