The start of a new year is often when investors reassess their portfolios and look to put fresh capital to work.
January 2026 will be no different. With markets coming off a volatile period and valuations resetting across several sectors, selectively buying high-quality ASX 200 shares could prove rewarding over the long term.
But which shares could be top picks for a $10,000 investment? Let's look at three that analysts rate as buys:
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Breville Group Ltd (ASX: BRG)
Breville is one of Australia's quiet global success stories. While it is listed locally, the vast majority of its revenue is generated offshore, particularly in North America and Europe. This gives investors international exposure while still buying an ASX 200 stock.
The company has built a premium brand around kitchen appliances, with a strong focus on innovation and design. Products such as espresso machines, air fryers, and food processors continue to resonate with consumers who are willing to pay for quality.
It is the coffee side of the business which is getting analysts at Macquarie most excited. In fact, the broker believes the coffee business will underpin 10%+ per annum revenue growth between FY 2025 and FY 2028.
In light of this, Macquarie has put an outperform rating and $39.20 price target on its shares. This implies potential upside of over 30% for investors over the next 12 months.
Macquarie Group Ltd (ASX: MQG)
The team at Ord Minnett thinks that Macquarie Group could be a great pick for investors in January.
It is one of the most diversified financial shares on the ASX 200. Often described as a global asset manager rather than a traditional bank, Macquarie generates earnings from infrastructure, renewables, commodities, and financial markets across the world. This diversification has helped it navigate different market cycles better than most financial peers.
And while its performance this year has been slightly underwhelming, management remains very positive on its long-term growth outlook. So, with its shares down meaningfully from their highs, Ord Minnett thinks that now could be a good time to invest.
It has a buy rating and $255.00 price target on its shares. This suggests that upside of 25% is possible between now and this time next year.
Woodside Energy Group Ltd (ASX: WDS)
A final ASX 200 share to consider for a $10,000 investment is Woodside.
It is one of the world's largest energy producers with a collection of world class assets from across the globe.
Energy prices can be volatile, but Woodside's scale and low costs leave it better positioned than most to navigate weaker periods and prosper during booms.
Morgans thinks it could be a top option for investors looking for energy exposure. It currently has a buy rating and $30.60 price target on its shares. This implies potential upside of approximately 30% for investors over the next 12 months.
