If you are looking for big returns for your investment portfolio, then it could be worth hearing what analysts are saying about the ASX 200 shares listed below.
That's because they have been tipped to rise 20% to 60% over the next 12 months. Here's what you need to know:
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Mineral Resources Ltd (ASX: MIN)
Analysts at Bell Potter believe huge potential returns are on offer with this ASX 200 share.
In response to its full year results last week, the broker retained its buy rating on the mining and mining services company's shares with a reduced price target of $66.00. Based on its current share price of $40.15, this implies potential upside of 64% for investors.
It recently commented:
Our Buy view is underpinned by MIN's earnings diversification, strong insider ownership, clearly articulated strategies, expertise in contracting and internal growth options at Onslow as well as potential lithium expansions including into downstream. All up, MIN offers diversified exposure to steady income streams from the contracting business and market-driven commodity exposure coupled with earnings derived from both lithium and iron ore.
NextDC Ltd (ASX: NXT)
The team at Morgans thinks that investors should be buying this data centre operator's shares following a post-results pullback.
Its analysts responded to its results by retaining its add rating with a slightly trimmed price target of $20.50. This suggests that its shares could rise 21% from current levels.
While NextDC's FY 2025 guidance was softer than expected, Morgans continues to believe that the company is well-placed for strong long term growth. It said:
NXT's FY24 result was slightly stronger than expected while FY25 guidance was slightly lower than expected due to a slower ramp-up in revenue and faster ramp-up in scale-up costs, positioning the business for significant expansion.
Qantas Airways Limited (ASX: QAN)
Goldman Sachs thinks that this airline operator's shares can continue to ascend from current levels.
Last week, its analysts put a buy rating and $8.05 price target on the ASX 200 share. This implies potential upside of 20% over the next 12 months.
Goldman continues to believe that Qantas' shares are undervalued given its structurally stronger earnings. It said:
QAN's current market capitalisation is in-line and enterprise value is still 3% below pre-COVID levels. As such, we believe QAN is not priced for a generic recovery, let alone prospects for improved earnings capacity. We continue to see upside associated with substantially improved MT earnings capacity.
