If you are a growth investor on the lookout for some big returns, then it could be worth considering the ASX 200 shares in this article.
Not only have they been named as buys, but they are also tipped to deliver market-beating returns for investors over the next 12 months.
Let's see what analysts are saying about these ASX 200 growth shares right now:
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IDP Education Ltd (ASX: IEL)
The first ASX 200 growth share that could be a buy for investors this month is student placement and language testing company.
That's the view of analysts at Morgans. They believe that it is worth sticking with the struggling company. Especially given their belief that the good times will return in FY 2026. The broker said:
IEL reported FY24 underlying NPATA of A$154.3m, down 1% on the pcp. 2H24 reflected the impact of policy changes, with 2H NPATA down ~34% on pcp. Tighter and uncertain policy settings saw 2H24 IELTs volumes down ~24% HOH. Student Placement was solid (2H flat on pcp), although policy hadn't fully impacted.
IEL expects the international student market (new admissions) to be down ~20-25% in FY25. IEL expect to outperform this via meaningful market share gains. We think FY25 is likely to be the trough year for 'student flows', impacted by tighter policies and the associated uncertainty. We expect IEL's earnings to fall ~12%, with some benefits from pricing; market share gains; and solid cost control.
Morgans has an add rating and $18.20 price target on its shares. Based on its current share price of $12.71, this implies potential upside of 43% for investors over the next 12 months.
Lovisa Holdings Ltd (ASX: LOV)
Analysts at Morgans also think that fashion jewellery retailer Lovisa could be a great ASX 200 growth share to buy.
The broker was very pleased with its performance in FY 2024 and believes it is well-placed to build on this in the future. It commented:
There are not many global retailers achieving 17% sales growth and 21% EBIT growth in the current challenging consumer environment, but this is exactly what Lovisa did in FY24. A long period of stellar growth has trained investors to have very high expectations for the business and, while its comparable store sales growth should have been better in FY24, it has continued to deliver and will, in our opinion, continue to do so in the years ahead. We maintain our ADD rating.
Morgans has an add rating and $36.00 price target on its shares. Based on its current share price of $29.17, this suggests that upside of 23% is possible for investors.
