There are a lot of shares to choose from on the ASX 200 index. But which ones could be top buys right now?

Let's take at three high quality ASX 200 shares that brokers are bullish on and believe could offer good returns over the next 12 months. They are as follows:

Goodman Group (ASX: GMG)

Morgan Stanley thinks that Goodman Group could be an ASX 200 stock to buy.

It is a specialist global industrial property and digital infrastructure group. Goodman owns, develops, and manages high-quality, sustainable properties that are close to consumers and provide essential infrastructure for the digital economy.

It is fair to say that this focus has been very successful for Goodman over the past decade, with the company growing its earnings at a consistently strong rate since back in 2015.

The good news is that Morgan Stanley thinks this positive form can continue thanks to its artificial intelligence exposure through its growing data centre pipeline.

The broker currently has an overweight rating and $42.40 price target on its shares. This implies potential upside of 19% for investors.

REA Group Limited (ASX: REA)

Another ASX 200 stock that could be a buy according to analysts is REA Group.

It is the dominant player in real estate listings in the Australian market with its realestate.com.au website. And when I say dominant, I mean it! During the first half of FY 2025, the company revealed that 5.1 million more Australians visited realestate.com.au every month on average compared to its nearest competitor.

The team at UBS expects this strong form to continue. As a result, the broker recently put a buy rating and $294.00 price target on its shares. This suggests that its shares could rose 10% from where they currently trade.

Woodside Energy Group Ltd (ASX: WDS)

Finally, analysts at Morgans are tipping energy giant Woodside as an ASX 200 stock to buy.

The broker believes that recent share price weakness has created a buying opportunity for investors. Its analysts note that "while the share price performance has been disappointing, supported by a strong balance sheet and high margins, we see WDS investors as capable of being patient."

It then concludes that its analysts "maintain an ADD recommendation believing WDS offers attractive long-term value." The broker has a price target of $33.00 on the company's shares. This implies potential upside of approximately 40% for investors over the next 12 months.