If you have room in your portfolio for some new additions, then it could be worth checking out the ASX 200 stocks listed below.
They have been named as buys by analysts and tipped to rise at least 18%. Here's what you need to know about these top stocks:
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Treasury Wine Estates Ltd (ASX: TWE)
The first ASX 200 stock to look at is Treasury Wine.
It is the wine giant that owns popular brands including Penfolds, Wolf Blass, 19 Crimes, and Blossom Hill. It also recently added to its portfolio with the acquisition of DAOU Vineyards for A$1.4 billion.
The team at Morgans is positive on the company. In response to its recent half-year results, the broker has retained its add rating with a $14.03 price target. This suggests upside of 20% for investors over the next 12 months.
Woolworths Limited (ASX: WOW)
Over at Goldman Sachs, its analysts believe that Australia's largest supermarket operator could be an ASX 200 stock to buy.
The broker likes Woolworths due to potential market share gains driven by its dominant loyalty program and omni-channel advantage.
Last month, its analysts put a buy rating and $42.30 price target on the company's shares. This implies potential upside of 18.5% for investors from current levels.
Xero Limited (ASX: XRO)
Another ASX 200 stock that Goldman Sachs is a fan of is cloud accounting platform provider Xero.
Goldman believes it has a multi-decade runway for growth thanks to its huge addressable market. It highlights that this comprises "100mn SMBs worldwide representing a >NZ$76bn TAM."
The broker has a buy rating and $141.00 price target on its shares. This suggest a potential return of 23% for investors over the next 12 months.
