Are you looking for big returns for your investment portfolio? If you are then it could be worth checking out the ASX 200 shares listed below.
That's because they have been named as buys by analysts and tipped to rise strongly over the next 12 months.
Here's what they are predicting for these shares:
Domino's Pizza Enterprises Ltd (ASX: DMP)
Morgan Stanley believes this pizza chain operator's shares could be seriously undervalued at current levels.
A note from last month reveals that its analysts have an overweight rating and $68.00 price target on them.
Based on the current Domino's share price of $44.87, this implies potential upside of approximately 51% for the ASX 200 share over the next 12 months.
Northern Star Resources Ltd (ASX: NST)
The team at Macquarie think that Northern Star could be a great option for investors that are looking for exposure to gold.
Last month, following the release of a half-year result that was largely in line with its expectations, the broker retained its outperform rating and $16.00 price target on the ASX 200 gold share.
Based on the latest Northern Star share price of $12.94, this price target would mean a 24% return for investors over the next 12 months.
ResMed Inc. (ASX: RMD)
Analysts at Macquarie also still see plenty of value in this ASX 200 medical device company's shares despite a strong recent run.
Following its quarterly update, which came in comfortably ahead of the broker's expectations, its analysts retained their outperform rating on its shares with an improved price target of $33.45.
Based on the current ResMed share price of $26.72, this suggests potential upside of 25% for investors between now and this time next year.
