These ASX 200 growth shares could rise 12% to 30%

Analysts think big returns could be on offer from these shares.

| More on:
Man drawing an upward line on a bar graph symbolising a rising share price.

Image source: Getty Images

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 wanting to give your portfolio a lift with some quality ASX 200 growth shares? Then look no further!

That's because listed below are a few ASX shares that have been named as buys and tipped to grow strongly over the coming years.

Here's what sort of returns analysts are tipping from these shares right now:

Corporate Travel Management Ltd (ASX: CTD)

The first ASX 200 growth share to consider buying is Corporate Travel Management. It is a global leader in business travel management services.

Morgans remains bullish on the company despite its weaker-than-expected half-year results in February. The broker highlights that "if CTD delivers even close to its five-year strategy, the share price will be materially higher in time."

In light of this, Morgans thinks investors should buy and hold its shares while they're cheap. Though, it concedes that "the market may take time to rebuild its confidence in the outlook."

Morgans has an add rating and a $20.65 price target on the company's shares. This implies a potential upside of 32% for investors over the next 12 months.

Goodman Group (ASX: GMG)

Another ASX 200 growth share for investors to consider buying this month is Goodman Group. It is a leading integrated commercial and industrial property company.

Thanks to its strategy of developing properties in strategic locations close to large urban populations and in and around major gateway cities globally, it has been growing its earnings at a strong rate over the last decade.

The good news is that Macquarie believes this strong form can continue and is forecasting double-digit earnings growth in the coming years.

The broker currently has an outperform rating and a $34.84 price target on Goodman's shares. This suggests that a potential upside of 12% is possible for investors from current levels.

TechnologyOne Ltd (ASX: TNE)

A final ASX 200 growth share that could be a buy this month is enterprise software provider TechnologyOne.

Goldman Sachs is a big fan of the company and believes it is well-placed to continue its strong annual recurring revenue (ARR) growth for the foreseeable future.

For example, it feels that "the company is well placed to meet its A$500mn FY26 ARR target through a combination of SaaS flip uplift, net expansion and new customer growth."

Goldman has a buy rating and $18.05 price target on Technology One's shares. This implies a potential upside of 14% for investors over the next 12 months.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Corporate Travel Management, Goldman Sachs Group, Goodman Group, Macquarie Group, and Technology One. The Motley Fool Australia has positions in and has recommended Corporate Travel Management and Macquarie Group. The Motley Fool Australia has recommended Goodman Group and Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Growth Shares

a man looks down at his phone with a look of happy surprise on his face as though he is thrilled with good news.
Growth Shares

2 highly rated ASX growth shares to buy before it's too late

Analysts don't want you to miss out on these growing companies.

Read more »

Two happy excited friends in euphoria mood after winning in a bet with a smartphone in hand.
Growth Shares

5 stellar ASX growth shares to buy for strong returns

Analysts think growth investors should be snapping up these stocks when the market reopens.

Read more »

A group of businesspeople clapping.
Growth Shares

2 of the best growth-focused ASX shares to consider buying in May

Analysts have very good things to say about these growth stocks.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Growth Shares

How ASX growth shares can become top dividend stocks

Are growth stocks passive income power plays in the making?

Read more »

A woman makes the task of vacuuming fun, leaping while she pretends it is an air guitar.

2 top ASX growth shares I'd buy today

I’m bullish about these stocks.

Read more »

A young boy points and smiles as he eats fried chicken.
Growth Shares

The smartest ASX growth shares to buy with $500 right now

I’m bullish about ASX growth stocks at a good price.

Read more »

a man sits back from his laptop computer with both hands behind his head feeling happy to see the Brambles share price moving significantly higher today
Growth Shares

Aussie investors: 3 ASX shares to buy and hold forever

Analysts think these buy and hold options are top picks right now.

Read more »

Elegant lady with make up wearing jewellery and sitting on a chair.
Growth Shares

Leading broker thinks this top ASX 200 stock's earnings can soar 130% by FY28

This stock could see enormous profit growth in the coming years.

Read more »