Top brokers say there are still ASX 200 growth shares with massive upside in 2022

Here are 3 ASX 200 shares that could rocket this year.

| More on:
share price rise

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

Key points

  • The ASX 200 has slipped 4.6% year to date but brokers are still bullish on some of the index's constituents  
  • In fact, some experts are tipping upsides of 30% on some of the ASX's top 200 shares
  • Here are 3 ASX 200 shares that could be on a strong trajectory this year, according to brokers 

It's been a tough start to the year for S&P/ASX 200 Index (ASX: XJO) stocks. Fortunately, brokers have tipped plenty of ASX 200 growth shares to keep an eye on over the rest of this year.

Among them are some old favourites and others that might come as a surprise.

Let's take a look at which shares experts are predicting will perform well in 2022.

3 ASX 200 growth shares brokers expect to rocket in 2022

Domino's Pizza Enterprises Ltd. (ASX: DMP)  

The Domino's Pizza share price is one that has caught brokers' attention this year.

As The Motley Fool Australia recently reported, Goldman Sachs has a price target of $136.20 on the stock. That signals a 30% upside on its current share price of $104.26.

The broker is expecting strong growth from the company's soon-to-be-released earnings for the first half of financial year 2022.

Meanwhile, UBS has slapped it with a smaller price target – expecting it to get to $120 – and a 'buy' rating. That represents a 15% upside.

IDP Education Ltd (ASX: IEL)

Another ASX 200 share worth watching, according to brokers, is IDP Education.

The company helps international students' study in English speaking countries. It also owns the International English Language Testing System.

According to reporting by my Foolish colleague James Mickleboro, the company could be set for strong growth this year as international students return to their studies.

UBS currently has a $35.90 price target and a 'buy' rating on IDP Education's shares, representing a 24% upside on its current share price of $28.94.

Goodman Group (ASX: GMG)

Finally, real estate investment trust (REIT) Goodman Group has brokers excited in 2022.

The REIT focuses on industrial real estate such as logistics and industrial facilities, warehouses, and business parks.

As The Motley Fool Australia recently reported, Citi has slapped the Goodman Group's stock with a $27.50 price target – 20% higher than its current share price of $22.75.

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns and has recommended Idp Education Pty Ltd. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Growth Shares

View of a business man's hand passing a $100 note to another with a bank in the background.
Growth Shares

Invest $10,000 into these ASX 200 shares in January

Market-beating returns could be on offer from these shares this year according to analysts.

Read more »

A happy young girls lies in the grass with her father, smiling at the prospects of a bright future.
Growth Shares

I think these 2 ASX shares are ideal for growth investors

Technology is an exciting sector to find opportunities.

Read more »

A young boy sits on his father's shoulders as they flex their muscles at sunrise on a beach
Growth Shares

2 ASX 300 shares I'm very excited about for 2025

2025 could be a good year for these stocks.

Read more »

Growth Shares

4 of the best ASX growth shares to buy now

Analysts are tipping these growing companies as buys. Let's dig deeper into them.

Read more »

Four piles of coins, each getting higher, with trees on them.
Growth Shares

Looking for ASX growth stocks? I rate these 2 as buys

I’m expecting big things from these investments.

Read more »

A man is shocked about the explosion happening out of his brain.
Growth Shares

3 explosive ASX 200 growth stocks to buy in January

Analysts think these growth shares could be top picks for investors next month.

Read more »

Businessman hand with coins and sprout in network connection. Plant growing on pile of coins money. Money growth concept.
Growth Shares

2025 could be a breakthrough year for Mach7 shares: Here's why

At first glance, the numbers may seem unfavourable, but looks can be deceiving.

Read more »

Two adults and a child look happy as they walk through airport with child sitting on suitcase.
Growth Shares

I think these 2 exciting ASX growth shares are buys today

Where I'm looking for cheap opportunities to achieve potential substantial growth

Read more »