For investors on the lookout for high-quality shares to buy in June and hold for the long term, the ASX 200 shares in this article could be well worth considering.
That's because they remain well-positioned to deliver solid earnings growth long into the future. And with brokers putting buy ratings on them, now could be the time to pounce. Here's what is being recommended:
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CSL Ltd (ASX: CSL)
CSL is a global biotech leader specialising in blood plasma products, vaccines, and treatments for rare and serious diseases. After a period of underperformance driven by margin pressures and the integration of the Vifor Pharma acquisition, sentiment around CSL is beginning to turn a corner.
In fact, a number of brokers believe the company is positioned to deliver double-digit earnings growth for the remainder of the decade. This is thanks largely to its growing plasma collection network, strong demand for immunoglobulins, and its investment in R&D.
Macquarie is bullish on the company and has an outperform rating and $360.30 price target on its shares.
NextDC Ltd (ASX: NXT)
Another ASX 200 share that could be a top buy in June is NextDC.
It is fair to say that data is the new oil, and NextDC is a pure-play on this digital infrastructure boom. The company develops and operates data centres across Australia and the Asia-Pacific, providing essential infrastructure for cloud providers, hyperscalers, and large enterprises.
In recent months, NextDC has announced significant expansion plans across Sydney, Melbourne, and international markets to support AI-led demand and hyperscale cloud adoption. It has also released a couple of contract updates, which have impressed the market. One was released this morning, revealing yet another jump in contracted utilisation. This bodes well for its revenue and earnings growth over the remainder of the 2020s.
UBS is a fan of the company and has a buy rating and $19.80 price target on its shares.
REA Group Ltd (ASX: REA)
Finally, REA Group could be an ASX 200 share to buy in June and hold for the long term.
It is the operator of realestate.com.au, which continues to be a dominant force in digital property listings in Australia. REA benefits from powerful network effects, high margins, and a robust balance sheet. As interest rate pressures begin to ease, property market activity is gradually rebounding — something that plays directly into REA's core business model.
The team at Bell Potter currently rates REA Group as a buy with a $267.00 price target.
