The Australian share market has traditionally generated an average annual return of around 10%.
While that is undoubtedly a great return, investors don't necessarily have to settle for targeting it.
That's because there are some ASX 200 shares that are being recommended as buys and tipped to rise considerably more.
Here are two shares that analysts are recommending to Aussie investors this month:
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Nufarm Ltd (ASX: NUF)
The team at Morgans believes that agricultural chemicals company Nufarm could be an ASX 200 share with considerable upside.
The broker was pleased with the company's half-year results, which revealed that its earnings were at the high end of its guidance range.
Morgans believes this leaves Nufarm well-placed to deliver strong earnings growth in FY 2026.
As a result, it has put a buy rating and $4.15 price target on its shares. Based on its current share price, this implies potential upside of almost 50%.
Commenting on its recommendation, the broker said:
NUF's 1H26 result was at the higher end of guidance with the company reporting strong earnings growth. Seed Technologies reported a particularly strong result. NUF is on track to deliver strong underlying EBITDA growth in FY26. Pleasingly, the company upgraded its Seed Technology guidance. NUF is our key pick of the ag and chemical sector. The company is materially undervalued and we reiterate our BUY rating with a new price target of A$4.15.
Web Travel Group Ltd (ASX: WEB)
Morgans is also bullish on this travel technology company and believes it could be an undervalued ASX 200 share.
It was pleased to see the WebBeds owner's FY 2026 results come in ahead of expectations.
In response, the broker upgraded its shares to a buy rating with a $3.75 price target. Based on its current share price, this suggests that upside of almost 60% is possible between now and this time next year.
Speaking about its upgrade, Morgans said:
Given the Middle East conflict affected trading in March, WEB's FY26 result came in at the lower end of guidance, albeit better than consensus, proving its resilience. Unsurprisingly, WEB's FY27 update showed that trading has slowed materially given the conflict. Adverse FX has been another headwind.
Given the uncertainty, WEB did not provide any formal FY27 earnings guidance. We have made significant downgrades to our forecasts. We assume that the conflict and a subdued consumer environment impacts WEB's 1H27 (seasonally stronger half), followed by a recovery in the 2H27. After material share price weakness, we upgrade WEB to a BUY rating. The company is worth materially more than the current share price. We know from past economic and geopolitical events, that after a downturn, travel demand rebounds and so will its earnings and share price.
