If you're investing with a long time horizon, it could pay to back businesses with big ambitions and scalable growth models.
Three ASX 200 shares that could tick these boxes are listed below. Here's what you need to know about these buy-rated shares:
NextDC Ltd (ASX: NXT)
NextDC is Australia's leading data centre operator, and it continues to benefit from a structural shift toward cloud computing, digital infrastructure, and AI adoption.
Data is the lifeblood of the modern economy, and companies like Microsoft, Amazon and Google — many of which are NextDC customers — are demanding increasing capacity to serve their cloud platforms. NextDC owns and operates world class data centres in key metropolitan hubs, offering high uptime, strong connectivity, and the ability to scale as demand grows.
Its long-term pipeline includes new builds in Sydney and Melbourne, as well as across the Asia-Pacific region. And with many backed by long-term contracts with blue-chip tenants, it has solid visibility on its future earnings.
As the digital economy continues to scale, NextDC is well positioned to capitalise. It is partly for this reason that Morgans rates it as a buy with a $18.80 price target.
Temple & Webster Group Ltd (ASX: TPW)
Another ASX 200 share that could be a great long term pick is Temple & Webster. It is Australia's leading online-only furniture and homewares retailer operating in a category that remains significantly underpenetrated online compared to other Western markets.
The company is known for its agile business model, lean inventory structure, and proprietary tech stack — all of which help it scale efficiently. As consumer behaviour continues shifting online, Temple & Webster stands to benefit from increased market share and improved margins through operating leverage.
For investors seeking exposure to the digitisation of retail in Australia, Temple & Webster could be a great way to do it. Morgan Stanley is bullish and has an overweight rating and $28.00 price target on its shares.
WiseTech Global Ltd (ASX: WTC)
Finally, WiseTech could be a great ASX 200 share to buy and hold. It is one of Australia's most successful tech exports. The logistics software business powers global freight operations through its flagship platform, CargoWise.
It has consistently grown revenues at a rapid pace and now serves some of the largest freight forwarders in the world. The global logistics industry is fragmented and notoriously complex — and WiseTech's integrated, cloud-based solution helps streamline workflows, improve compliance, and lower costs.
With ongoing expansion, R&D investment, and acquisitions to complement its organic growth, WiseTech has its sights set firmly on long-term value creation.
The team at Bell Potter is positive on the company and has a buy rating and $122.50 price target on its shares.
