Investors often target blue-chip ASX 200 shares for lower volatility and consistent earnings.
It's often assumed that because these companies are well-established, there is limited upside.
However, here are some blue-chip stocks that have recently received price targets from brokers indicating upside of 20% or more.
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Qantas Airways Ltd (ASX: QAN)
With oil prices skyrocketing and geopolitical tension impacting global travel, Qantas shares have faced some volatility recently.
The company noted that it is facing uncertainty due to Middle East tensions and rising jet fuel refining margins.
However, it has hedged crude oil exposure and remains confident in fuel supply through April and May.
Strong international demand – especially to Europe – has led the airline to redeploy aircraft and cut domestic capacity, with higher airfares expected to lift unit revenue by about 5% in the second half of FY26.
These headwinds have pushed its stock price down by 12% year to date.
In good news for prospective buyers, the Qantas share price could now be a significant value.
Macquarie recently placed a $11 price target on the airline's shares, which would be a 20% rise from the share price at the time of writing.
As a bonus, experts are tipping a healthy dividend yield for the ASX 200 company throughout the next few years.
Telix Pharmaceuticals Ltd (ASX: TLX)
Like many ASX 200 healthcare shares, the Telix stock price has fallen heavily in the last 12 months.
However, the commercial-stage biopharmaceutical company has rebounded significantly over the past month.
Brokers believe this could be the start of a longer rally.
Recently, Bell Potter placed a buy rating and $19 price target on Telix shares after the company announced the refinancing of its convertible note facility.
The share price at the time of writing is hovering around $14.59, which indicates an upside potential of 30%.
Life360 Inc (ASX: 360)
Despite now climbing 26% over the last 6 days at the time of writing, the Life360 share price remains significantly below its yearly highs.
The company's core product is a private family and friends social networking app that allows users to communicate and share their locations.
At the time of writing, this ASX 200 stock is exchanging hands for $22.72 per share.
However, this is significantly below the $36.02 average price targets of 10 analysts via TradingView.
Should this ASX 200 stock reach that level in the next 12 months, it would be a 58% rise from current levels.
