UPDATE: Experts reveal that five shares within the ASX 200 index are poised for staggering growth, potentially surging by 30% to 45% over the next 12 months. This forecast comes as the index experiences a troubling decline, shedding 0.52% yesterday to close at 8,803.5 points. With the benchmark already down 2% this month, investors are keen for insights on where to find opportunity amidst market turmoil.
Macquarie Group has identified the following five ASX 200 shares as having ambitious price targets that suggest significant upside potential. Here’s what you need to know:
AGL Energy Limited (ASX: AGL) closed at $8.24, up 0.12% yesterday. Following the energy retailer’s FY25 results, Macquarie issued a price target of $10.91, indicating a potential rise of over 30% in the coming year.
CSL Ltd (ASX: CSL) saw its share price close at $209.94, down 1.61%. Despite this dip, Macquarie maintains an outperform rating, projecting a price target of $295.90. This implies a remarkable 40% upside, especially as CSL is among several ASX 200 companies initiating share buyback programs.
Polynovo Ltd (ASX: PNV) closed at $1.39, down 5.78%. Macquarie holds an outperform rating with a revised target of $2.00, still representing a 44% increase. Following Polynovo’s FY25 results, analysts noted several potential near-term catalysts.
WiseTech Global Ltd (ASX: WTC) ended the day at $94.36, down 1.04%. Morgans retains a buy rating, albeit with a reduced price target of $127.60, suggesting an upside of 35%. This company is also among the many ASX shares going ex-dividend this week.
Lastly, Temple & Webster Group Ltd (ASX: TPW) closed at $22.93, up 1.87%. Macquarie has a price target of $31.30 on this online furniture retailer, implying a potential growth of more than 35% over the next year.
Analyst James Wilson from Macquarie commented on Temple & Webster’s outlook, stating, “We maintain our Outperform rating — seeing momentum from accelerating sales and earnings growth.”
These projections come at a critical time for investors, emphasizing the importance of identifying promising stocks during what is traditionally a weaker market month.
As awareness grows around these shares, expect increased trading activity and interest in the ASX 200. Investors are encouraged to monitor these stocks closely as we approach significant market shifts.
Stay tuned for further updates as this developing story unfolds.
