If you're on the lookout for some market-busting returns, then you may want to check out the ASX 200 shares listed below.
That's because they have been named as buys and tipped to rise 30% or more over the next 12 months.
Here's what analysts are tipping from these ASX 200 shares:
Coronado Global Resources Inc (ASX: CRN)
The first ASX 200 share that could have a major upside is Coronado Global.
According to a note out of Goldman Sachs, its analysts have responded to the coal miner's recent half-year results by retaining their buy rating with a $2.20 price target.
Based on the current Coronado share price of $1.62, this implies a potential upside of 30% for investors over the next 12 months. Goldman also expects a 10% dividend yield in FY 2023 and FY 2024.
IDP Education Ltd (ASX: IEL)
Another ASX 200 share that has been tipped to rise strongly from current levels is IDP Education.
It is a leading provider of international student placement services and high-stakes English language testing services across the globe.
A recent note out of Morgan Stanley reveals that its analysts have an overweight rating and a $32.10 price target on its shares. Based on the current IDP Education share price of $23.70, this suggests a potential upside of 35% for investors.
Mineral Resources Ltd (ASX: MIN)
A final ASX 200 share with major upside potential is Mineral Resources.
It is a mining and mining services company with exposure to energy, iron ore, and lithium.
Bell Potter currently has a buy rating and a lofty $90 price target on the company's shares. Based on its current share price of $68.21, this implies a potential upside of 32% over the next 12 months.
