Analysts say these ASX 200 growth shares could rise 20%+

Big returns could be on the cards from these shares.

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When analysts put price targets on a company's shares, it indicates where they believe they could be trading in 12 months.

And while they don't always get it right, it can be a useful guide to understanding the potential rewards on offer from a particular share.

With that in mind, listed below are three ASX 200 growth shares that analysts have price targets implying returns of 20%+ for investors from current levels. Here's what you need to know:

CSL Limited (ASX: CSL)

Analysts at Citi see major upside potential for this ASX 200 growth share after a period of weakness. The broker currently has a buy rating and a $325 price target on the biotherapeutics giant's shares.

Based on the latest CSL share price of $263.12, this implies a potential upside of almost 24% for investors over the next 12 months.

IDP Education Ltd (ASX: IEL)

Over at Goldman Sachs, its analysts believe that this language testing and student placement company's shares can rise strongly over the next 12 months.

The broker currently has a buy rating and a $29.65 price target on the ASX 200 growth share. This suggests a potential upside of 29% for investors between now and this time next year. It commented:

We believe IEL's premium valuation is justified given the medium-term earnings potential driven by: (1) Structural growth in multi-destination placements, supplemented by an ongoing Australian recovery; (2) Ability to grow market share in the highly fragmented Canadian and UK SP markets; (3) Reinvestment in digital capabilities to increase competitive moat and generate new earnings streams.

Treasury Wine Estates Ltd (ASX: TWE)

Morgans thinks this wine giant's shares can rise even more than the others. It has an add rating and a $14.15 price target on Treasury Wine's shares, which implies a potential upside of 34% for investors.

Its analysts highlight that "on an FY25F PE of 17.5x, TWE is trading at a material discount to its 5-year average of ~25x." Morgans also points out that a potential "key near term catalyst is China removing the tariffs on Australian wine imports."

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has positions in CSL and Treasury Wine Estates. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended CSL, Goldman Sachs Group, and Idp Education. The Motley Fool Australia has recommended CSL, Idp Education, and Treasury Wine Estates. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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