For investors sitting on $20,000 and looking to deploy it into the share market, June could be a great time to act.
While market volatility never goes away, long-term investors have historically been rewarded for putting their money to work — especially in high-quality businesses with competitive advantages.
Here are four top ASX 200 shares analysts think are worth considering in June.
CSL Ltd (ASX: CSL)
CSL is one of Australia's most successful global businesses. With a dominant position in blood plasma therapies, vaccines, and biotech innovation, it has been a long-term compounder with an outstanding record of earnings growth.
While the company has had a tough time in recent years, analysts believe the next few years will be very positive thanks to a rebound in the key CSL Behring business.
It is for this reason that Morgans has an add rating and $329.26 price target on its shares.
Xero Ltd (ASX: XRO)
Another ASX 200 share to consider buying is Xero. It is a global accounting platform provider that has built a loyal customer base across Australia, New Zealand, the UK, and increasingly in North America.
Its cloud-based model provides scalable, subscription-based revenue and sticky customer relationships, making it an attractive long-term growth story. Especially given that its total addressable market is estimated to be 100 million subscribers. This compares to its current subscriber base of 4.4 million.
Goldman Sachs is bullish on Xero and has a buy rating and $205.00 price target on its shares.
Web Travel Group Ltd (ASX: WEB)
After spinning off its Webjet business, Web Travel is now laser-focused on its WebBeds B2B travel business. It is one of the largest global hotel accommodation suppliers to travel agents and online platforms.
The team at Macquarie believes WebBeds is well-positioned in a fragmented and rapidly recovering global travel market. As a result, the broker recently put an outperform rating and $6.19 price target on its shares.
WiseTech Global Ltd (ASX: WTC)
Finally, WiseTech could be an ASX 200 share to buy. It is a logistics software powerhouse whose CargoWise platform is used by many of the world's largest freight forwarders.
The company has been growing at a rapid rate as global supply chains modernise and become more digitised. But if you thought its growth was over, think again. It still has a long growth runway thanks partly to strategic acquisitions that increase its total addressable market.
Morgans is a big fan and has an add rating and $132.40 price target on its shares.
