Do you have $1,000 to invest into the share market next month? If you do, it could be worth considering the ASX 200 stocks in this article.
Let's see why these shares, which have been named as buys by brokers, could be top picks for investors in February:
The first ASX 200 stock that could be a good destination for a $1,000 investment is Domino's Pizza Enterprises.
Although the pizza chain operator has been having a tough time in recent years, Goldman Sachs believes the tide could be changing. Its analysts highlight that they "believe that DMP's renewed focus on store unit economics and re-investment to ignite topline growth is rightly placed." In light of this, the broker feels that its "earnings has troughed in FY24 and see a path of improvement through FY25."
Goldman has a buy rating and $40.20 price target on its shares.
Another ASX 200 stock to consider for a $1,000 investment in February is Lovisa. It is a fast fashion jewellery retailer that boasts of 150 new styles being delivered to its rapidly growing store network each week.
Morgans is a fan of the company and believes it is well-placed for long term growth. It recently stated that while Lovisa's "comparable store sales growth should have been better in FY24, it has continued to deliver and will, in our opinion, continue to do so in the years ahead."
In light of this, the broker thinks that Lovisa is on a "journey to becoming a truly global brand."
Morgans currently has an add rating and $36.00 price target on its shares.
A final ASX 200 stock that could be a buy in February is Xero. It is a cloud accounting platform provider that had 4.2 million subscribers across the globe at the last count.
This is a large number but is still only a small slice of its estimated total addressable market (TAM).
Goldman Sachs believes that Xero's TAM is over 100 million small to medium sized businesses across the globe. It highlights that its analysts "see Xero as very well-placed to take advantage of the digitisation of SMBs globally, driven by compelling efficiency benefits and regulatory tailwinds, with >100mn SMBs worldwide representing a >NZ$100bn TAM."
Goldman has a buy rating and $201.00 price target on the company's shares.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。