The market has been very volatile recently, dragging a number of quality ASX 200 shares sharply lower.
While this is disappointing, for long-term investors, periods of uncertainty can create opportunities to buy strong businesses that are still early in their growth journey or positioned to benefit from major industry tailwinds.
With that in mind, here are two ASX 200 shares that analysts think could be worth considering for the next five years.
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Life360 Inc (ASX: 360)
One ASX 200 share that could be a compelling option for the next five years is Life360.
The technology company operates a leading family safety and connection platform that allows users to track the location of loved ones, receive crash detection alerts, and access emergency assistance features.
Importantly, the business already has enormous scale. Life360 finished 2025 with approximately 95.8 million monthly active users, representing 20% year-over-year growth.
However, only a small portion of those users currently pay for premium services. The company ended the year with 2.8 million Paying Circles, up 26% year over year, highlighting the growing opportunity to convert its large free user base into recurring subscription revenue.
Management is also expanding the platform beyond subscriptions. The company is building a broader "family super app" ecosystem that includes hardware devices such as Pet GPS trackers, advertising services powered by location data, and additional safety products.
Looking further ahead, Life360 is targeting 150 million monthly active users and US$1 billion in annual revenue over the medium term, which highlights the scale of the opportunity ahead of the business.
The team at Bell Potter is bullish on Life360 and has a buy rating and $40.00 price target on its shares.
NextDC Ltd (ASX: NXT)
Another ASX 200 share that could be worth considering as a buy and hold investment is NextDC.
The company operates data centres that provide the critical infrastructure needed for cloud computing, artificial intelligence, and large-scale digital workloads. As businesses increasingly move their operations to the cloud, demand for high-performance data centre capacity continues to rise.
Importantly, NextDC's recent half-year update highlighted a record forward order book of contracted capacity that is expected to ramp into billing through to FY 2029, which could underpin strong revenue growth in the coming years.
This growing contracted pipeline gives the company strong visibility over future demand for its facilities. At the same time, NextDC continues to invest heavily in new capacity to support hyperscale cloud providers and enterprise customers.
With artificial intelligence and cloud adoption accelerating globally, demand for secure and reliable data centre infrastructure could continue rising for many years.
Morgans is a big fan of NextDC and recently put a buy rating and $20.50 price target on its shares.
