2 blue chip ASX 200 stock analysts rate as buys

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If you’re looking to bolster your portfolio with blue chip stocks in March, you might want to check out the two below.

Here’s why these blue-chip ASX stocks are highly rated right now:

The first Blue Chip ASX 200 stock to watch is Goodman Group. It is a leading integrated commercial and industrial real estate company with a portfolio of in-demand properties. These properties are exposed to key growth markets such as e-commerce and logistics. With strong demand and a materials development pipeline, Goodman is expected to continue its strong growth in the years to come.

Earlier this month, the Citi team responded to Goodman’s half-year results by maintaining its buy rating and raising its price target to $29.50. This compares favorably to Goodman’s last stock price of $22.21.

Citi believes the upward revision to management’s earnings-per-share guidance of 20% for fiscal 2022 is prudent and believes Goodman has the opportunity to beat it.

Another ASX blue chip ASX 200 share to consider is the REA group. It is a leading provider of real estate and property-related services through websites and mobile apps in Australia and Asia. He is best known for the realestate.com.au website which has dominated the ANZ market for years.

For example, in the first half of fiscal 2022, REA reported an average of 12.6 million unique visitors to its website each month, with a record high of 13.2 million in October. The latter is equivalent to 65% of the Australian adult population. On average, there were 3.3 times more visits than the closest competitor each month.

Looking ahead, thanks to its dominant market position, the resilience of the housing market and new acquisitions and revenue streams, REA Group appears well positioned for long-term growth.

Citi is also very positive on REA. Earlier this month, the broker placed a buy rating and a price target of $166.00 on the company’s stock. This is significantly higher than the current REA stock price of $133.17.

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