June is just around the corner, and for investors, a new month brings a fresh opportunity to review portfolios, top up high-conviction ideas, and add quality shares for the long haul.
While markets have bounced off their April lows, there's still plenty of ASX 200 shares out there with the potential to deliver strong returns.
Here are five of the best ASX 200 shares to consider buying in June according to analysts.
Brickworks is more than just bricks. It's a diversified business with exposure to building products, property, and investments — including a long-standing stake in Washington H. Soul Pattinson (ASX: SOL). This mix provides steady earnings, strong asset backing, and exposure to Australia's housing and construction cycles.
Bel Potter is a fan of the company and has a buy rating and $32.00 price target on its shares.
REA Group is the operator of realestate.com.au, the digital advertising juggernaut that dominates the Australian property listings market. Despite challenges in the property cycle, REA Group has continued to grow through higher ad yields, premium product offerings, and smart technology investments.
Goldman Sachs believes this will continue. It has put a buy rating and $269.00 price target on the ASX 200 share.
Another ASX 200 share that gets the thumbs up by analysts is Telix Pharmaceuticals. It is a biotech company with a focus on radiopharmaceutical therapies for cancer diagnostics. Its lead product, Illuccix, is already generating significant (and growing) commercial revenue, and its pipeline of potential therapies could drive further growth in the coming years.
Bell Potter is also a fan of Telix. It has a buy rating and $34.00 price target on its shares.
A fourth ASX 200 share to look at in June is Woolworths. It is the market leader in Australian supermarkets, with strong cash flow, pricing power, and defensive characteristics that shine in uncertain markets. Its trusted brand, loyalty program, and investments in ecommerce and supply chain efficiency give it an edge in the competitive grocery sector.
Goldman Sachs rates Woolworths as a buy with a price target of $36.50.
Finally, Xero could be a top ASX 200 share to buy in June. It is a global cloud-based accounting powerhouse, serving millions of small and medium businesses across Australia, New Zealand, the UK, and North America. With a sticky subscription model and an expanding ecosystem of services, Xero is well-positioned to benefit from the ongoing digitisation of small business finance.
Goldman Sachs has a buy rating and $205.00 price target on its shares.
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