If you're a fan of ASX 200 growth shares like I am, then you will be pleased to know that analysts are predicting big returns from the three listed below.
Here's what you need to know about these top shares:
Flight Centre Travel Group Ltd (ASX: FLT)
Flight Centre could be a top ASX 200 growth share to buy right now. That's the view of analysts at Morgans, who have been impressed with the travel agent's performance over the last 12 months. Pleasingly, the broker believes more of the same is coming. In fact, it notes that "with confidence that the travel recovery has much further to go and the benefits of FLT's transformed business model emerging, we think the company is well placed over coming years."
Morgans has an add rating and a $26 price target on its shares. This implies a potential upside of 34% from current levels.
NextDC Ltd (ASX: NXT)
Another ASX 200 growth share that has been named as a buy is NextDC. It is one of the region's leading colocation service providers from its growing collection of world-class data centres.
Goldman Sachs is feeling bullish about NextDC due to "the rapid growth in cloud adoption" and "the significant demand by both public and private investors for digital infrastructure assets." It expects this to underpin material growth in the coming years.
Goldman currently has a buy rating and $15.80 price target on its shares. This suggests a potential upside of almost 28% for investors over the next 12 months.
TechnologyOne Ltd (ASX: TNE)
Another ASX 200 growth share that Goldman Sachs rates highly is TechnologyOne. It is a leading enterprise software provider that transforms the way organisations interact with their customers and communities.
Goldman likes the company due to its defensive earnings and positive growth outlook. Its analysts "believe that TNE can grow PBT [profit before tax] >15% p.a. across FY23-25E driven by its strong ARR outlook (+18% FY22-25E CAGR) and modest margin expansion (+220bps FY22-25E)."
The broker has a buy rating and a $18.30 price target on Technology One's shares. This implies that its shares could rise 18% between now and this time next year.