With earnings season over, top broker Macquarie has revealed its top S&P/ASX 200 Index (ASX: XJO) share picks for the next year.
The broker has three levels of ratings — outperform, neutral, and underperform.
Here we highlight some of the ASX 200 shares in each of the 11 market sectors that scored an outperform rating after their latest results.
These are not the only stocks in each sector to receive Macquarie's top rating.
However, the 12-month price targets on these stocks imply particularly strong potential gains ahead.
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16 ASX 200 shares with strong growth potential: broker
Let's take a look.
Healthcare
Despite its share price plunge last month, the broker remains a strong backer of sector heavyweight CSL Ltd (ASX: CSL).
CSL shares cratered after the company's FY25 report revealed a 17% increase in net profit to US$3 billion.
Macquarie has a price target of $295.90 on CSL shares, suggesting almost 40% upside from here.
The broker also likes Polynovo Ltd (ASX: PNV) shares with a price target of $2 following the biotech's FY25 results.
That's about 50% higher than where this ASX 200 healthcare share is trading now.
Materials
The sector's largest ASX 200 gold share, Northern Star Resources Ltd (ASX: NST), is among Macquarie's top picks.
The broker has a share price target of $24 on Northern Star, implying about a 30% upside, following its FY25 report.
Macquarie also likes Capstone Copper Corp CDI (ASX: CSC) shares following its 2Q FY25 report.
It has a price target of $12.50 on the ASX 200 copper share, implying a potential 20%-plus upside ahead.
Technology
Macquarie has a price target of $8.11 on Siteminder Ltd (ASX: SDR) shares after the company's FY25 report.
This suggests a potential 17% gain ahead for this ASX 200 tech share.
Industrials
Macquarie has a price target of $3.50 on Cleanaway Waste Management Ltd (ASX: CWY) after its FY25 results.
This implies a potential 26% gain from here.
Financials
The top broker has a $2.63 price target on GQG Partners Inc (ASX: GQG) shares following the company's 1H FY25 results.
This indicates a whopping potential 50% capital gain over the next 12 months.
Macquarie is also backing Pinnacle Investment Management Ltd (ASX: PNI) shares for nearly 20% capital growth in FY26.
The broker has a price target of $25.33 on this ASX 200 financial share following its FY25 results.
Utilities
Macquarie is backing AGL Energy Limited (ASX: AGL) shares for capital growth over the next year.
The broker has $10.91 price target on this ASX 200 utilities share following its FY25 results.
This indicates a potential rise of more than 30% over the next 12 months.
Consumer discretionary
Macquarie put a price target of $31.30 on Temple & Webster Group Ltd (ASX: TPW) shares after the online retailer's FY25 report.
This implies more than 30% capital growth potential over the next 12 months.
The broker also likes Light & Wonder Inc CDI (ASX: LNW) shares after the company's 2Q FY25 report.
It anticipates more than 25% upside within 12 months.
Macquarie also sees a big year ahead for Flight Centre Travel Group Ltd (ASX: FLT) shares.
The broker put a price target of $16.55 on this ASX 200 travel share after the company released its FY25 results.
This stock also has potentially 25% growth ahead.
Real estate & REITs
Macquarie has a $6.74 price target on ASX 200 real estate share Lendlease Group (ASX: LLC) after its FY25 results.
This implies more than 20% potential upside from here.
Consumer Staples
In this sector, the broker likes ASX 200 agricultural share Graincorp Ltd (ASX: GNC).
Macquarie has a price target of $9.10 on the stock, suggesting a potential 14% upside.
Graincorp did not report in this August earnings season.
Communications
Macquarie likes Seek Ltd (ASX: SEK), with a share price target of $32.50, after reviewing the online advertiser's FY25 report.
This indicates a potential 17% upside for this ASX 200 communications share.
Energy
Macquarie has a share price target of $2.05 on Deep Yellow Ltd (ASX: DYL) shares.
This follows the uranium miner's June quarter results released in late July.
This implies a potential 13% upside from here.
