Sat. Jan 22nd, 2022

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If you are interested in adding some S & P / ASX 200 Index (ASX: XJO) stocks to your portfolio in January, then the three listed below might be worth considering.

These ASX 200 stocks have been named as buyouts and tipped to generate strong returns for investors. Here’s what you need to know about them:

The first ASX 200 stock to look at is NEXTDC. It is a leading data center operator with a collection of world-class centers across metropolitan areas across Australia. Along with its potential expansion to Asia and Edge data centers and the structural shift to the cloud, NEXTDC has been tipped by a number of brokers to grow strongly in the coming years.

One of them is Citi. It is positive on the company’s outlook and has a buy rating and price target of $ 15.40 on NEXTDC’s shares. This compares with the most recent NEXTDC stock price of $ 11.22.

Another ASX 200 stock to look at is this leading job posting company. It appears to be well positioned for growth in the coming years thanks to its leadership position, pricing and exposure to Australia’s recovery from the pandemic.

The team at Credit Suisse is positive about SEEK. Its analysts currently have an outperform rating and $ 39.50 price target on its shares. This compares with the recent SEEK stock price of $ 29.65.

Westpac Banking Corp (ASX: WBC)

One last ASX 200 stock that could be in the buy zone is Westpac. Australia’s oldest bank has been named as a acquisition of the team by Morgans. Its analysts believe that the company’s shares offer “significant value” after a recent fall. And while the broker acknowledges that Westpac’s margins are re-based significantly lower, it remains positive because of its “expectation of significant costs out of FY24F.”

Morgans has an add-on valuation and price target of $ 29.50 on the bank’s shares. This compares with the current Westpac stock price of $ 21.45.

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