There could be some big returns on offer for investors from the ASX 200 growth shares listed below if analysts are to be believed.
Here’s what they are saying about these shares:
NextDC Ltd (ASX: NXT)
The first ASX 200 growth share that has been named as a buy is data centre operator NextDC.
Goldman Sachs is a big fan of the company and believes it is well-placed for growth over the coming years. This is thanks to the structural shift to the cloud and the artificial intelligence (AI)Â boom. In respect to the latter, the broker believes the âDC industry will benefit from a âthird wave of demandâ, with generative AI requiring 5-10x more compute vs. traditional search.â
Goldman currently has a buy rating and a $14.96 price target on its shares. This implies a potential upside of 17% over the next 12 months.
Treasury Wine Estates Ltd (ASX: TWE)
Another ASX 200 growth share that has been named as a buy is wine giant Treasury Wine.
Goldman Sachs believes the Penfolds owner is a great option for investors following its share price weakness this year. Particularly given its attractive valuation and positive growth outlook. Goldman highlights that âTWE is now re-entering a growth phase with a 12% EPS CAGR and PEG of <2x which is attractive vs the rest of our consumer coverage.â
The broker has a buy rating and a $13.40 price target on Treasury Wineâs shares. This suggests a potential upside of 20% for investors from current levels.
Webjet Limited (ASX: WEB)
A final ASX 200 growth share that has been named as a buy is online travel booking company Webjet.
Morgans likes the company due to its growth opportunity, improvements to its business model during the pandemic, and attractive valuation. The broker highlights that âWEB has clearly come out of COVID with a materially lower cost base, consolidated systems and a large business in the US.â
Morgans currently has an add rating and price target of $8.97 on Webjetâs shares. This implies a potential upside of 15% over the next 12 months.
