Are you on the lookout for gain returns to supercharge your portfolio?
If you are, then it could be worth getting better acquainted with the ASX 200 shares listed below.
These shares have been named as buys and tipped to rise between 20% and 50% from current levels. Here's what you need to know:
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IDP Education Ltd (ASX: IEL)
The team at Morgan Stanley thinks investors should be snapping up this language testing and student placement company's shares while they're cheap.
The broker has an overweight rating and $27.50 price target on them. This suggests potential upside of 44% for investors between now and this time next year.
Morgan Stanley believes that its recent results highlight the strength and growth potential of its student placement business.
Lynas Rare Earths Ltd (ASX: LYC)
If you don't mind investing in the mining sector, then this rare earths producer could be a buy. That's the view of analysts at Goldman Sachs, which have the company on the broker's conviction list.
Goldman currently has a buy rating and $7.40 price target on its shares. This implies potential upside of 23% for investors over the next 12 months.
It believes the ASX 200 share is undervalued based on "the stock trading at ~0.8x NAV (A$7.78/sh) and pricing in US$67/kg NdPr vs. spot at ~US$53/kg and our long run US$83/kg (real $, from 2028) NdPr price forecast."
Qantas Airways Limited (ASX: QAN)
Goldman Sachs also sees a lot of upside for this airline operator's shares.
In fact, the broker believes "QAN is not priced for a generic recovery, let alone prospects for improved earnings capacity."
Its analysts have a buy rating and $8.05 price target on its shares. This suggests upside of 56% for investors from where its shares trade today.
