If you're on the lookout for standout ASX 200 shares, two names to consider checking are Macquarie Group Ltd (ASX: MQG) and Life360 Inc (ASX: 360).
Both have shown impressive growth in 2024 and brokers say they offer strong potential for further gains.
While Macquarie shares are up 14% this year to date, the company has also paid $6.40 per share in dividends over the past 12 months.
Meanwhile, Life360 has surged more than 143% so far this year.
Here's why experts say these two ASX 200 shares could be worth considering for your portfolio today.
Image source: Getty Images
Macquarie: Banking powerhouse
Macquarie is often considered a standout ASX banking stock due to its sheer size and presence in many countries globally.
The investment bank's performance is underscored by its involvement in high-growth sectors such as renewable energy, infrastructure, and asset management.
According to K2 Asset Management, these are but a few of the compelling reasons to consider Macquarie shares.
The fund manager points to Macquarie's ability to keep profit margins steady across its key business areas when compared to its global peers, according to my colleague Tristan.
Moreover, Macquarie's exposure to the global green energy transition positions it well for long-term growth, K2 says.
The group's consistent annual growth rate of around 7% over the past two decades further solidifies its status as a strong compounding investment.
Analysts at Morgan Stanley also forecast a 22% growth in earnings from the ASX 200 share in FY25, driven by its diversified revenue streams.
It values the company at $215 per share.
ASX 200 share with momentum
Life360 is another ASX 200 share in a good position to continue its ascent, in my view.
The family security platform finished trading on Tuesday at $18.42 per share, extending gains for the past month to $14%.
Following its recent quarterly update, analysts have taken note. The results impressed analysts at Bell Potter, who reaffirmed the broker's buy rating with an improved price target of $20.50.
According to my colleague James, the company's Q2 results exceeded expectations, noting the growth in metrics like annualised monthly revenue (AMR) and average revenue per paying circle (ARPPC).
Bell Potter particularly highlighted Life360's record growth in paying circles, which reached 132,000 for the quarter.
The broker also sees potential catalysts in the tech stock's upcoming Q3 results.
Given Life360's strong momentum and the anticipated seasonal boost in the latter half of the year, this ASX 200 stock could continue its march higher, in my view.
Foolish takeaway
According to top brokers, both Macquarie and Life360 represent compelling ASX 200 shares. The two are poised to continue their strong performance until the end of 2024.
Macquarie is up 23% in the past 12 months, whereas Life360 has climbed 125% into the green.
