3 ASX 200 growth shares to buy for 20% to 30% returns

A new month is upon us, so what better time to consider making some new additions to your portfolio.

But which ASX 200 growth shares could be great options for investors?

Three to consider buying are listed below. Let's see what brokers are saying about them:

Lovisa Holdings Limited (ASX: LOV)

The first ASX 200 growth share that could be a buy is fashion jewellery retailer Lovisa.

That's the view of analysts at Morgans, which are feeling very positive about the company's outlook and see it as a great long-term pick. This is due largely to its global expansion plans.

The broker has previously suggested that "LOV may just prove to be one of the biggest success stories in Australian retail. LOV is showing every sign of becoming a global brand."

Morgans has an add rating and $36.00 price target on its shares. This implies potential upside of 26% for investors from current levels.

NextDC Ltd (ASX: NXT)

Another ASX 200 growth share that could generate big returns for investors over the next 12 months is NextDC.

It provides colocation services to local and international organisations from its growing collection of world-class Tier III and Tier IV data centre facilities across Australia and the Asia-Pacific.

NextDC has been growing at a rapid rate for many years and this positive trend is expected to continue. This is thanks to the artificial intelligence boom driving a third wave of demand.

Morgans is also a big fan of the company. Its analysts highlight that recent results in the data centre market "reinforces our view that the significant demand for cloud computing and AI-related digital infrastructure is going to unpin attractive returns and long-term growth."

The broker has an add rating and $20.50 price target on its shares, which suggests potential upside of 29% for investors.

WiseTech Global Ltd (ASX: WTC)

Finally, the team at Macquarie believes that WiseTech Global could be an ASX 200 growth share to buy. Especially after recent share price weakness.

WiseTech Global is the logistics solutions company behind the CargoWise One platform. This platform is integral to the global logistics industry and used by all the big players.

Macquarie believes it is well-placed for growth over the long term. Particular given the potential for CargoWise to expand beyond freight forwarding into other very large and lucrative markets.

Earlier this week, Macquarie upgraded the company's shares to an outperform rating with a $152.70 price target. This implies potential upside of 22% for investors over the next 12 months.

The post 3 ASX 200 growth shares to buy for 20% to 30% returns appeared first on The Motley Fool Australia.

Motley Fool contributor James Mickleboro has positions in Lovisa, Nextdc, and WiseTech Global. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Lovisa, Macquarie Group, and WiseTech Global. The Motley Fool Australia has positions in and has recommended Macquarie Group and WiseTech Global. The Motley Fool Australia has recommended Lovisa. 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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