Why these ASX 200 shares could rise 20% to 50%

If you’re looking for big returns, then your search could be coming to an end.

That’s because the three ASX 200 shares below have been named as buys and tipped to rise more than 20% over the next 12 months.

To put that into context, if these analysts are on the money with their recommendations, this would turn a $20,000 investment into at least $24,000 by the end of the year.

Let’s now see which ASX 200 shares are being tipped as buys:

Flight Centre Travel Group Ltd (ASX: FLT)

The team at Morgans sees plenty of upside potential for this travel agent giant.

Particularly given its “confidence that the travel recovery has much further to go and the benefits of FLT’s transformed business model emerging, we think the company is well placed over coming years.”

Morgans has an add rating and $26.00 price target on its shares. This implies that its shares could rise almost 24% from current levels.

Lifestyle Communities Ltd (ASX: LIC)

Another ASX 200 share that has been tipped to rise strongly is Lifestyle Communities. It is one Australia’s leading land lease communities developers.

Goldman Sachs is feeling very bullish about its outlook over the coming years. It notes that “significant cash flow is poised to be unlocked as LIC moves from net development to net settlement in 2H24E.

Goldman has a buy rating and $25.25 price target on its shares. This equates to a return of almost 50% for investors over the next 12 months.

Mineral Resources Ltd (ASX: MIN)

Finally, analysts at Bell Potter continue to believe that mining and mining services company Mineral Resources is an ASX 200 share to buy.

It points out that “MINs businesses are in a period of significant growth. Over the next two-years Lithium and Iron Ore production quantities will grow substantially, accompanied by associated increases in contracted Mining Services volumes.”

Bell Potter has a buy rating and $90.00 price target on its shares. This implies potential upside of 55% for investors.

The post Why these ASX 200 shares could rise 20% to 50% appeared first on The Motley Fool Australia.

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More reading

• If I’d invested $10,000 in Flight Centre shares a year ago here’s what I’d have now!
• Why I’d consider buying Mineral Resources shares to tap into Kali Metals
• My top ASX lithium stock to buy and hold while waiting for the next boom
• These are the 10 most shorted ASX shares
• These 3 ASX 200 shares are ‘significantly undervalued’ by the market

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 Goldman Sachs Group. The Motley Fool Australia has recommended Flight Centre Travel 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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