3 ASX 200 shares that could be too good to ignore in June

These shares could be worth looking at very closely this month.

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The three ASX 200 shares in this article have not had an easy run recently.

That can be enough for many investors to move on and focus elsewhere. But share price weakness does not always mean a company's long-term opportunity has disappeared.

In some cases, a pullback can make quality growth businesses much more attractive, particularly when they still have strong market positions and clear paths to expand.

With June now here, these three ASX 200 shares could be worth another look.

Businessman looks with one eye through magnifying glass.

Image source: Getty Images

Life360 Inc (ASX: 360)

The first ASX 200 share to look at is Life360.

It has built something many consumer technology companies spend years trying to create: a product that becomes part of everyday family routines.

Its app helps families stay connected through location sharing, driving safety features, crash detection, emergency support, and other tools designed around peace of mind.

That regular use is important. A consumer app is far more valuable when it solves a repeated problem rather than relying on occasional engagement.

Life360 also has several ways to expand its business from here. Subscriptions remain important, but advertising, connected devices, and new safety-focused services could all add to the revenue opportunity.

The key challenge will be maintaining user trust while improving monetisation. That is especially important for a platform built around families and location data.

Even so, its large user base, clear use case, and growing revenue options make Life360 one of the more interesting technology shares on the ASX.

TechnologyOne Ltd (ASX: TNE)

Another ASX 200 share that could be worth watching is TechnologyOne.

It provides enterprise software to customers such as councils, universities, government agencies, and large organisations.

That may not sound overly exciting, but these customers run on complex processes. Finance, payroll, asset management, student administration, property, planning, and compliance systems all need to work reliably.

This gives TechnologyOne a strong position. Once its software is embedded across critical workflows, changing providers can be costly, disruptive, and risky.

The company is also pushing beyond traditional software delivery with its SaaS+ model and artificial intelligence (AI) products. This could help customers reduce implementation complexity and get more value from their data and processes.

Some software companies may be challenged by AI. TechnologyOne appears better placed to use it as a product and productivity enhancer, particularly because its systems sit inside important organisational workflows.

Its valuation can be demanding, but recurring revenue, defensive customers, and sector-specific software give the company a strong long-term profile.

WiseTech Global Ltd (ASX: WTC)

A third ASX 200 share to consider is WiseTech Global.

It builds software for the logistics industry, with its CargoWise platform used by freight forwarders, customs brokers, and supply chain operators around the world.

Global trade is full of friction. Goods move across countries, transport modes, regulations, documents, tariffs, warehouses, and ports. That creates a need for software that can bring order to a complicated system.

WiseTech's opportunity is to become more important as logistics customers try to automate work, reduce errors, and improve visibility across supply chains.

Its software can become deeply embedded because logistics operators do not want disruption inside mission-critical workflows. That can create sticky relationships and support long-term revenue growth.

The company has also used acquisitions (large and small) to broaden its product capability and extend its reach across the logistics ecosystem.

If global supply chains keep becoming more digital, WiseTech could remain one of the ASX's standout technology compounders.

Motley Fool contributor James Mickleboro has positions in Life360, Technology One, and WiseTech Global. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Life360, Technology One, and WiseTech Global. The Motley Fool Australia has positions in and has recommended Life360 and WiseTech Global. The Motley Fool Australia has recommended Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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