If you are searching for big returns, then the ASX 200 shares in this article could be worth a look.
That's because analysts are tipping these shares to rise at least 20% over the next 12 months.
Here's what they are recommending this month:
Imdex Ltd (ASX: IMD)
The team at Morgans is bullish on this mining technology company and has named it as an ASX 200 share to buy.
It was impressed with its strong quarterly update and believes that there's potential for the company to outperform for the full year. It said:
The 3Q update was strong with constant FX organic revenue growth of +26% YoY. While we pare back our FY26 revenue forecast slightly on FX, we make negligible changes to our EBITDA forecast ($164m +3% vs VA consensus $160m) as mix benefits offset the lower revenue. For FY27-28, we increase our earnings forecasts on confirmation of strong volume growth and recent capital markets activity. While we see capacity for a slight beat in August, in our view, outer year upgrades will be the key driver of the share price from here.
FY27 VA consensus revenue is muddled due to recent break-even acquisitions, however, FY27 EBITDA of $187m implies less than +10% organic revenue growth in the base business vs FY26 consensus EBITDA of $160m (assuming incremental margins of +40-50% and an incremental +$7m EBITDA YoY contribution from ALT/MSI). We forecast FY27 EBITDA of $200m (+7% vs $160m consensus).
Morgans has put a buy rating and $5.00 price target on its shares. Based on its current share price of $4.04, this implies potential upside of over 20% for investors over the next year.
Light & Wonder Inc (ASX: LNW)
Bell Potter thinks this gaming technology company could be an ASX 200 share to buy.
Although its first-quarter update was softer than expected, it believes this was due to one-offs. It said:
1Q26 represents a poor start to the year, however, we note that International shipments, the primary driver for the miss, is typically lumpy QoQ. We believe the decline in GO base install reflects a one-off occurrence that should benefit future quarters. Notwithstanding the continued disappointment in SciPlay revenue growth, which we now forecast flat YoY for FY26, we continue to believe improving game performance will support BPe and consensus forecasts across CY26-28e.
Bell Potter has retained its buy rating with a $190.00 price target. Based on its current share price of $114.64, this implies potential upside of 65% for investors over the next 12 months.
The post These ASX 200 shares could jump 20% to 65% appeared first on The Motley Fool Australia.
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 Light & Wonder Inc. The Motley Fool Australia has recommended Light & Wonder Inc. 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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