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Here are three ASX shares that analysts are tipping as buys with the potential to rise up to 50% over the next 12 months.
This copper miner could be a buy according to Morgans.
Although it expects a disappointing quarterly update, the broker remains positive and has retained its buy rating with a trimmed price target of $17.00.
Based on its current share price of $13.88, this implies potential upside of over 20% for investors.
The broker commented:
3Q26 has been flagged as the weakest quarter of FY26 since guidance was released due to heavy planned maintenance. Against consensus, we expect a weaker Mantos Blancos will be offset by a stronger Mantoverde even despite a 15-day tie-in period. CSC has fallen 14% over the past month, against SFR's 7% fall and a 3-10% decline across the global majors.
We think the underperformance reflects investors de-risking ahead of a busy catalyst calendar, and we see the pullback as a buying opportunity ahead of a strong end to CY26. We mark to market 3Q26 copper and lift cost assumptions, leaving EBITDA little changed, and our TP falls to A$17.00 (from A$18.00). BUY maintained.
Another ASX share that could be cheap is small business lender Judo Capital.
In response to its annual general meeting update, Morgans retained its buy rating with a slightly increased price target of $1.44. Based on its current share price of 95 cents, this suggests that upside of over 50% is possible.
Speaking about its recommendation, Morgans said:
At its AGM JDO reiterated FY27 guidance implying 25-31% PBT growth (we target +26%). While still early in FY27, JDO indicated 1Q27 trends were as expected. The balance between asset quality and NIM (risk and return) remains the key watch point. JDO says NIM is tracking to its guidance, arrears increased but remained below its through-the-cycle assumption, and CET1 deteriorated but was at the top end of the target range. Forecast EPS changes are minor.
Target price $1.44/s (+4 cps). BUY maintained. Valuation metrics are compelling at current prices given the strong growth outlook (c.0.6x P:BV, c.5x FY27F EPS, long-term equity IRR of c.19% pa). We back-solve that the share price implies a c.23% probability of zero equity value.
A third ASX share that could rise strongly according to analysts is WebBeds (formerly known as Web Travel).
Morgans is feeling positive about the company's outlook ahead of its results release next month. So much so, it has retained its buy rating with an improved price target of $4.50. This implies potential upside of almost 30% for investors.
The broker commented:
Ahead of WEB's 1H27 result on 25 November, we have upgraded our FY27-29 EBITDA forecasts by ~8%. Despite the Middle East conflict and a ~9% FX headwind, WEB's 1H27 guidance beat our expectations, with trading in 2Q27 improving on 1Q27. We forecast earnings growth to accelerate in FY28.
Past economic and geopolitical shocks show travel demand rebounds quickly once a downturn passes, and we expect WEB's earnings to follow. WEB trades on undemanding multiples. We maintain our BUY rating with a new price target of A$4.50 (was A$3.75).
The post Analysts tip these ASX shares to return 20% to 50% appeared first on The Motley Fool Australia.
Motley Fool contributor James Mickleboro has positions in Web Travel Group Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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