These ASX 200 shares could rise 20% to 50%

Big returns could be on the cards according to analysts.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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:

A man holding a cup of coffee puts his thumb up and smiles with a laptop open.

Image source: Getty Images

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.

Motley Fool contributor James Mickleboro has positions in Domino's Pizza Enterprises and ResMed. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Domino's Pizza Enterprises, Macquarie Group, and ResMed. The Motley Fool Australia has positions in and has recommended Macquarie Group and ResMed. The Motley Fool Australia has recommended Domino's Pizza Enterprises. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Broker Notes

Broker written in white with a man drawing a yellow underline.
Broker Notes

Top brokers name 3 ASX shares to buy next week

Brokers gave buy ratings to these ASX shares last week. Why are they bullish?

Read more »

Smiling couple sitting on a couch with laptops fist pump each other.
Broker Notes

Buy, hold, sell: Beach Energy, Flight Centre, and Judo Capital shares

Does Morgans rate these shares as buys? Let's find out.

Read more »

Three people in a corporate office pour over a tablet, ready to invest.
Broker Notes

Brokers name 3 ASX shares to buy right now

Let's find out which shares top brokers are feeling bullish about this week.

Read more »

A smug executive woman wearing glasses and red lipstick blows a kiss to herself as she takes a selfie.
Broker Notes

6 ASX shares with upgraded ratings from experts this week

Brokers have flagged new confidence in Flight Centre, Iluka Resources, and other ASX shares.

Read more »

A group of people jump for joy and dance around celebrating good news.
Broker Notes

8 ASX 200 shares with reaffirmed buy recommendations this week

Judo Bank, which dove 46% yesterday, is among the ASX 200 shares with reiterated buy ratings this week.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Broker Notes

Should you buy this ASX 200 share for its 15% forecast dividend yield?

Bell Potter is bullish on this stock. Let's find out why.

Read more »

A businessman looking at his digital tablet or strategy planning in hotel conference lobby. He is happy at achieving financial goals.
Broker Notes

Is this exciting ASX tech stock a buy after its massive news?

This tech stock has been the talk of the town this week.

Read more »

Woman checking out new laptops.
Broker Notes

3 reasons to buy the rebound in JB Hi-Fi shares today

A leading analyst suggests JB Hi-Fi shares are well-placed to outperform. But why?

Read more »