These ASX 200 shares could rise 20% to 50%

Are you looking for big returns for your investment portfolio? If you are then it could be worth checking out the ASX 200 shares listed below.

That’s because they have been named as buys by analysts and tipped to rise strongly over the next 12 months.

Here’s what they are predicting for these shares:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Morgan Stanley believes this pizza chain operator’s shares could be seriously undervalued at current levels.

A note from last month reveals that its analysts have an overweight rating and $68.00 price target on them.

Based on the current Domino’s share price of $44.87, this implies potential upside of approximately 51% for the ASX 200 share over the next 12 months.

Northern Star Resources Ltd (ASX: NST)

The team at Macquarie think that Northern Star could be a great option for investors that are looking for exposure to gold.

Last month, following the release of a half-year result that was largely in line with its expectations, the broker retained its outperform rating and $16.00 price target on the ASX 200 gold share.

Based on the latest Northern Star share price of $12.94, this price target would mean a 24% return for investors over the next 12 months.

ResMed Inc. (ASX: RMD)

Analysts at Macquarie also still see plenty of value in this ASX 200 medical device company’s shares despite a strong recent run.

Following its quarterly update, which came in comfortably ahead of the broker’s expectations, its analysts retained their outperform rating on its shares with an improved price target of $33.45.

Based on the current ResMed share price of $26.72, this suggests potential upside of 25% for investors between now and this time next year.

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

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More reading

• 34 ASX 200 shares with ex-dividend dates next week
• Here are 2 high-quality ASX 200 blue chip shares that analysts are bullish on
• 5 things to watch on the ASX 200 on Friday
• Why Australian Finance Group, Chalice, DroneShield, and ResMed are sinking today
• 5 things to watch on the ASX 200 on Thursday

Motley Fool contributor James Mickleboro has positions in Domino’s Pizza Enterprises and ResMed. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Domino’s Pizza Enterprises, Macquarie Group, and ResMed. The Motley Fool Australia has positions in and has recommended Macquarie Group and ResMed. The Motley Fool Australia has recommended Domino’s Pizza Enterprises. 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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