November was a rough month for ASX 200 shares.
The S&P/ASX 200 Index (ASX: XJO) fell more than 3% in that span.
Sectors that were hit particularly hard by losses were Financials, Technology and Real Estate, which all fell between 4-11% according to Bell Potter's Monthly Bell report.
But when quality blue-chip stocks lose ground, it can create buying opportunities.
It's not uncommon for investor sentiment to fall, and spiral on itself, despite a company not having any serious flaws.
There are a few ASX 200 stocks that I believe might fall into this bucket.
When this happens, it's a great time to jump in on undervalued stocks.
With that sentiment in mind, here are three ASX 200 shares to target right now with $1,000.
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TechnologyOne Ltd (ASX: TNE)
TechnologyOne is one of the largest publicly listed software companies in Australia, with offices across six countries.
It develops user-friendly enterprise software products that are deeply integrated into customers' information technology, or IT, infrastructure.
The information technology sector fell more than 11% in the month of November.
TechnologyOne was certainly not immune to the pain.
Its share price is down more than 20% in the last month.
This was despite the fact the company actually delivered another record full year result for FY 2025.
I still see this as a quality company. With its share price now below fair value, it could be an opportunity for investors to swoop in.
Bell Potter has a price target of $33.00 on this ASX 200 stock, indicating an upside of 12.55%.
REA Group (ASX: REA)
REA Group shares are down 9% in the last month and 20% over the last 6 months.
When you look at the fundamentals, this company is still operationally strong.
In its Q1 FY26 release, the company reported revenue of $429m, up 4% YoY, and EBITDA excluding associates of $254m, an increase of 5%.
I believe investors might have overreacted to the news that its competitor Domain was acquired by CoStar Group Inc (NASDAQ: CSGP) in August.
In my opinion, REA Group still holds market dominance.
Morgans recently cut its target price.
However the updated target of $247 still indicates more than 28% from its current share price.
Life360 Inc (ASX: 360)
Life 360 shares are down almost 22% in the last month.
However, its Q3 2025 results included a reported 34% year-on-year increase in revenue for the three months to US$124.5 million.
Net profit of US$9.8 million was up more than 27% from Q3 2024.
The team at Bell Potter seems to agree it is now undervalued. The broker placed a price target of $52.50 on the company in November.
This indicates an upside of more than 38%.
