Analysts say these world-class ASX 200 blue-chip shares are buys

Analysts think these blue chips would be good additions to your portfolio.

| More on:
a man looks down at his phone with a look of happy surprise on his face as though he is thrilled with good news.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The ASX 200 index is home to a good number of high-quality blue-chip shares with strong business models and positive growth outlooks.

But which ASX 200 blue chip shares could be buys?

Two that analysts are tipping as buys are listed below. Here's what you need to know about them:

Cochlear Limited (ASX: COH)

The first ASX 200 blue chip share that has been named as a buy is Cochlear. It is a leader in the development, manufacture, and distribution of cochlear implantable devices for the hearing impaired.

Goldman Sachs believes that the company is well-placed to continue its growth and win market share. It recently commented:

Given we believe COH has one of the strongest/broadest portfolios in recent memory, and having taken advantage of the strong sales momentum in FY23 to increase investment into growth/commercialisation initiatives (including DTC campaigns which appear increasingly impactful), we see limited reasons why COH won't continue to gain steady share through FY24E and beyond.

Goldman has a buy rating and a $280 price target on Cochlear's shares.

Goodman Group (ASX: GMG)

Citi continues to rate this industrial property company as a top buy.

It was impressed with Goodman's performance in the first quarter and believes its outlook remains as positive as ever. Particularly given its opportunity in the data centre market. It commented:

GMG's 1Q24 update highlighted continued strong operational results with 99% occupancy, rising LFL rental growth as they capture under-renting, and growing AUM and stable development production rate with elevated margins. […] Demand supply dynamics remain tight in industrial and GMG's large development pipeline and solid track record, along with data center opportunities should drive the growth in earnings over the medium term. The stock trades at c.21x FY24e but with a consistent double-digit earnings growth outlook over the next 3-5 years, we see good value here.

Citi's analysts have a buy rating and a $25.50 price target on Goodman's shares.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro 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 Cochlear, Goldman Sachs Group, and Goodman Group. The Motley Fool Australia has recommended Cochlear and Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Blue Chip Shares

Smiling couple sitting on a couch with laptops fist pump each other.
Blue Chip Shares

2 dirt cheap ASX 200 blue chip shares to buy now with $10,000

Analysts think these cheap shares could be top buys.

Read more »

Young female investor smiling and speaking on mobile phone while sitting in front of laptop
Blue Chip Shares

Down 28% and 23%! Should I buy either of these 2 iconic ASX 200 shares?

These ASX blue-chips are trading at much cheaper prices. Are they buys to me?

Read more »

Multiracial happy young people stacking hands outside - University students hugging in college campus - Youth community concept with guys and girls standing together supporting each other.
Blue Chip Shares

5 ASX 200 blue chip shares to buy in FY26 with $5,000

Analysts think these shares could be top picks for the new financial year.

Read more »

A smiling businessman in the city looks at his phone and punches the air in celebration of good news.
Blue Chip Shares

2 ASX stocks to hold for steady gains

Analysts think these stocks could deliver the goods for investors.

Read more »

A bland looking man in a brown suit opens his jacket to reveal a red and gold superhero dollar symbol on his chest.
Blue Chip Shares

The best ASX 200 blue chip shares to buy now with $3,000

Let's see why analysts think these are among the best stocks to buy right now.

Read more »

A male investor wearing a white shirt and blue suit jacket sits at his desk looking at his laptop with his hands to his chin, waiting in anticipation.
Blue Chip Shares

Are these ASX 200 blue-chip shares undervalued?

Could now be time to jump in on these struggling blue chip holdings?

Read more »

A young man punches the air in delight as he reacts to great news on his mobile phone.
Blue Chip Shares

The best blue chip ASX 200 shares to buy this month

Let's see which blue chips are best buys according to analysts at Bell Potter.

Read more »

Blue chips with stock written on them.
Blue Chip Shares

Why these ASX blue-chip shares are top buys for this fund manager

Here are two of the most appealing ASX blue-chip shares.

Read more »