7 ASX 200 shares in the buy zone as optimism returns to the market: experts

Detailed summary

Brokers reaffirmed their buy calls on Liontown, Rio Tinto, Xero, and others this week. The post 7 ASX 200 shares in the buy zone as optimism returns to the market: experts…

S&P/ASX 200 Index (ASX: XJO) shares are down 0.3% to 9,125.3 points on Thursday.

This was partly due to strong US tech earnings inspiring renewed confidence in the AI boom.

The benchmark then tumbled 7.1% as persistently high inflation led to an interest rate hike on 30 September.

The ASX 200 troughed on 1 October and has since rebounded 5.9% on hopes the US will end the war in Iran.

Following another rate increase on 4 November, investors are also now hopeful the hiking cycle is over.

This week, brokers reaffirmed their buy calls on several ASX 200 shares amid this renewed optimism.

The Liontown share price is 67 cents, down 5.9% today and down 49% over 12 months.

JP Morgan renewed its buy rating on this ASX 200 lithium share on Monday.

The Xero share price is $76.78, up 8.4% today on its 1H FY27 results and upgraded outlook.

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