While the Australian share market typically provides investors with an average dividend yield of 4%, income investors don’t have to settle for that because of the ASX 200 shares listed below.

Here are two ASX 200 shares with big forecast yields and even bigger upside potential:

Charter Hall Retail REIT (ASX: CQR)

Analysts at Citi are positive on this supermarket anchored neighbourhood and sub-regional shopping centre markets-focused property company. They note that the company has “defensive net property income growth despite rising interest rate profile.”

As a result, last month, the broker put a buy rating and $4.50 price target on its shares. This implies potential upside of 14.5% based on the current Charter Hall Retail REIT share price of $3.93.

In addition, Citi is expecting the company to be in a position to increase its dividend to 26 cents per share in FY 2023 and then maintain it at this level in FY 2024. This will mean very generous yields of 6.6% for investors.

Pilbara Minerals Ltd (ASX: PLS)

Thanks to strong lithium prices, this mining company could be destined to pay some big dividends in the coming years. That’s the view of the team at Macquarie, which expect this ASX 200 lithium giant to return a good portion of its bountiful free cash flow to shareholders this year.

The broker is forecasting a 45 cents per share dividend in FY 2023 and a 34 cents per share dividend in FY 2024. Based on the latest Pilbara Minerals share price of $4.19, this equates to yields of 10.7% and 8.1%, respectively.

And with Macquarie having an outperform rating and $7.70 price target on Pilbara Minerals’ shares, this suggests potential upside of almost 84%.

The post Big yields and even bigger gains lie ahead for these ASX 200 shares: analysts appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Friday
• What’s happening with ASX 200 lithium stocks this week?
• Buy these ASX 200 mining shares before they boom: experts
• Top ASX dividend shares to buy in March 2023

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Are you wanting to add a growth share or two to your portfolio?

If you are, then analysts at Goldman Sachs think the two listed below could be worth considering. Here’s why these growth shares are rated as buys:

Aristocrat Leisure Limited (ASX: ALL)

Aristocrat could be an ASX growth share to buy according to the broker. It is a gaming technology company best-known for its industry-leading poker machines. But it also has a lucrative digital business, named Pixel United, and recently expanded into the merging real money gaming market with a deal with BetMGM.

In addition, management invests heavily in research and development each year to cement its leadership position and position it for growth.

Goldman Sachs is confident in the company’s outlook and has put a buy rating and $42.80 price target on its shares. It commented:

We view ALL as strategically the most diversified, holding a top 3 spot in slot machine sales in the US, having a strong digital gaming offering, and now launching into the growing iGaming market. While short-term headwinds persist in the form of supply chain, spend for longer term growth etc., we believe that the longer-term growth outlook remains strong.

Temple & Webster Group Ltd (ASX: TPW)

Another ASX growth share that Goldman Sachs is bullish on is Temple & Webster. It is Australia’s leading pure-play online retailer of furniture and homewares.

Goldman currently has a buy rating and $6.50 price target on the company’s shares.

The broker believes the company is well-placed to be a big winner from the shift to online shopping. Especially given that the shift is still in its infancy for Temple & Webster’s target categories. It commented:

We believe TPW is well positioned in the upcoming cycle to continue to grow market share, despite a weaker macro environment. In our view TPW is best placed to be a winner in a category that favours scale players, requires a specialised approach to e-commerce, and has higher barriers to entry vs. other retail categories; and greater focus on costs is a sensible strategy to balance near-term profitability with growth.

The post 2 ASX growth shares to buy: Goldman Sachs appeared first on The Motley Fool Australia.

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More reading

• How I’d invest $20,000 in ASX 200 shares to aim for a million
• Buy these 3 ASX growth shares this month: experts
• This ASX growth share has a massive 84% upside: Goldman Sachs
• Guess which ASX 200 share is giving another $500 million back to its shareholders
• 2 ASX All Ords shares I think can make big returns by 2025

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Temple & Webster Group. The Motley Fool Australia has recommended Temple & Webster Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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