These 3 ASX 200 shares led their sectors last year. Are they still good buys?

These stocks had the strongest capital growth within their sectors in 2025. Experts reveal their ratings for 2026.

The S&P/ASX 200 Index (ASX: XJO) lifted 6.8% and delivered a total return, including dividends, of 10.32% last year.

The following three ASX 200 shares were the star performers of their sectors, achieving the highest capital growth among their peers.

Are they still good buys?

Let's defer to the experts.

A young boy dressed in a suit and glasses that are too big for him sits at a desk and holds up a trophy representing the top 10 ASX shares today

Image source: Getty Images

Deep Yellow Ltd (ASX: DYL)

ASX 200 uranium explorer Deep Yellow was the No. 1 share in the energy sector for 2025.

Deep Yellow shares rose 63% to close at $1.84 per share on 31 December.

The uranium price was volatile last year but gained momentum in the second half due to higher demand and constrained supply.

The US increased its commitment to nuclear power with an $80 billion deal with Canadian Westinghouse Electric to build nuclear reactors.

The uranium price closed at US$82.85 per pound yesterday, up 12% over 12 months.

Ord Minnett has a buy rating on Deep Yellow with a share price target of $2.

Jefferies has a hold rating with a target of $1.85.

Yesterday, the ASX 200 uranium share closed at $2.01, down 1%.

Generation Development Group Ltd (ASX: GDG)

Retirement and investment solutions provider Generation Development Group was the highest riser in the financials sector in 2025.

The Generation Development Group share price rose 66% to finish the year at $5.89.

Macquarie gives Generation Development Group shares an outperform rating with a 12-month price target of $6.70.

Yesterday, the ASX 200 financial share closed at $6.05, down 1.3%.

Codan Ltd (ASX: CDA)

Electronics solutions provider Codan was the No. 1 share in the tech sector for 2025.

The Codan share price ripped 77% to finish the year at $28.43.

Codan designs and manufactures electronics solutions for government, corporate, NGO, and consumer clients.

Yesterday, UBS reiterated its hold rating on Codan shares and increased its 12-month share price target from $34 to $37.

MA Financial has a buy rating on the ASX 200 tech share with a $42.31 target.

Last Friday, the Codan share price ripped 17% after an impressive half-year profit update.

Yesterday, Codan shares closed at $37, up 0.8%.

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended Generation Development Group and Ma Financial Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on ASX Share Market News

IPO written in purple on blocks on top of each other in the air.
IPOs

Anthropic IPO: Are 5 types of shares too many?

Anthropic is going for a very unusual setup.

Read more »

Two male ASX investors and executives wearing dark coloured suits sit at a table holding their mobile phones discussing the highest trading ASX 200 shares today
Broker Notes

Buy, hold, sell: Resmed, Goodman Group, CBA shares

We review three fresh buy, hold, and sell calls from John Athanasiou at Red Leaf Securities.

Read more »

colleagues on a lunch break looking at iPhone
Broker Notes

Top brokers name 3 ASX shares to buy now

Here's what brokers are recommending as buys this week.

Read more »

A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
ASX Share Market News

5 things to watch on the ASX 200 on Friday

Will Friday the 13th be unlucky for the share market?

Read more »

Woman with her fingers crossed and eyes shut.
Broker Notes

7 ASX 200 shares in the buy zone as optimism returns to the market: experts

Brokers reaffirmed their buy calls on Liontown, Rio Tinto, Xero, and others this week.

Read more »

A little girl is surprised at a science experiment.
Opinions

2 ASX shares with the potential to double in a year, and the risk that keeps me cautious

One of these ASX shares could climb up to 123% higher.

Read more »

ASX shares broker ratings represented by three different coloured buttons.
Broker Notes

6 ASX shares upgraded and downgraded by the experts this week

Brokers have changed their ratings and 12-month price targets on Qantas, Codan, and others. 

Read more »

A woman sits in a cafe wearing a polka dotted shirt and holding a latte in one hand while reading something on a laptop that is sitting on the table in front of her
Broker Notes

Buy, hold, sell: CSL, NextDC, PLS shares

Mark Elzayed from Vestra Capital explains his ratings on three ASX 200 shares.

Read more »