Are you on the lookout for big returns for your investment portfolio?
If you are, then it could pay to listen to what analysts are saying about these ASX 200 shares in this article.
Here's why analysts think these shares could be dirt cheap at current levels:
Domino's Pizza Enterprises Ltd (ASX: DMP)
Goldman Sachs thinks that this pizza chain operator's shares are dirt cheap at current levels.
Especially given its belief that things are looking a lot more positive for the ASX 200 share now that it is closing down underperforming stores.
While we agree with the Company's renewed two-pronged focus on SSSG inflection and cost optimization, it is critical for the company to further illustrate a recovery pathway for Japan/France SSSG with clear check-points and timeline to boost investor confidence.
And with the broker forecasting an earnings per share (EPS) compound annual growth rate through to FY 2027, it feels its shares are too cheap at 18x estimated FY 2026 earnings. It adds:
DMP is trading at FY26 PE of ~18x vs FY25-27e EPS CAGR of ~19%. Reiterate Buy with new TP of A$37.3/sh (prev A$38.30/sh).
As you can see above, Goldman has a buy rating and $37.30 price target on its shares. This implies potential upside of 35% for investors over the next 12 months.
IDP Education Ltd (ASX: IEL)
This language testing and student placement company's shares could be cheap according to analysts at Morgans.
Although the broker acknowledges that its half year results were much worse than feared, it believes it is worth sticking with the ASX 200 share. This is because Morgans still feels that FY 2025 is a trough year and it should be onwards and upwards from here. Though, patience may be required. It explains:
IEL reported 1H25 underlying EBIT of A$92.7m, down 41.6% on pcp. 1H25 came in slightly above our expectation, however well below consensus. Weaker than expected Student Placement (SP) volumes (-27% on pcp) and SP margins (-400bps) were slightly offset by tighter overhead control (-9% on pcp). IELTs volumes were flat HOH (-24% on pcp). A significant decline in Indian volumes (-55%) were partially offset by growth elsewhere. The direct China IELTS testing entry has been delayed and pushed out by ~6-months. Policy uncertainty across major jurisdictions continues. The UK is showing green shoots post-election; however Australia and Canada elections take place CY25.
We continue to expect FY25 to be the 'trough' year for student volumes and IEL, however note the trough has deepened and the recovery timing relies on clearer policy. The timing and shape of the recovery is unclear, with more clarity on policy unlikely until election cycles conclude (AUS, CAD). On a medium to long-term basis, we see value in the business however note patience is required given certain/improved policy settings is a required catalyst.
Morgans has an add rating and price target of $13.00 on its shares. This implies potential upside of almost 30% for investors.
