3 ASX shares tipped by brokers to return 48% to 109% over the next 12 months

ASX shares are jumping higher again on Tuesday following a rebound on Wall Street, falling oil prices, and a commodity rebound.

Here are three ASX shares that brokers expect can help drive even more growth over the next 12 months, and they're expected to climb up to 109%.

Electro Optic Systems Holdings Ltd (ASX: EOS)

EOS shares have fallen around 3% on Tuesday, to $7.24 each. Today's dip continues a run of share price declines for the defence technology company. Its shares have now fallen 39% over the past five weeks.

They're now down around 26% year to date, but 37% higher than 12 months ago.

The shares are very volatile because, although the company has secured and executed several large contracts, it also faces operational issues and high costs, including supply chain delays and inflationary pressures which compress the company's margins on its fixed-price contracts.

But the company has a huge revenue pipeline and a contract backlog which gives it a predictable revenue stream for the next few years.

And going forward, EOS expects continued strong demand, driven by defence spending and escalating global interest in counter-drone technology. 

Experts also agree that there is a lot more room for growth.

TradingView data shows all analysts have a strong buy rating on the ASX shares. The $15.11 average target price implies an upside of around 109%, at the time of writing.

Eagers Automotive Ltd (ASX: APE)

Eagers shares are up around 1% in Tuesday lunchtime trade, and changing hands for $15.57 apiece.

Today's increase is good news for investors but there is a long way to go before the shares have recouped recent huge losses.

The shares crashed around 21% over the past week after the company released a trading update to the market on the 5th of November.

Eagers said that its third-quarter trading in Australia has been affected by industry-wide headwinds, including an elevated interest rate environment, persistent inflationary pressures and higher fuel prices. The company said that these conditions have weighed on sentiment whilst also adding pressure to the cost of doing business. 

Despite the challenges, Eagers said it expects to deliver record revenue and underlying profit before tax in FY26.

Eagers is guiding full year reported revenue from continuing operations in the range of $17.3 billion to $17.5 billion, up around 30% on the prior financial year. 

But the record-breaking revenue forecast was overshadowed by the company's decision to revise its profit margins to 2.8% to 3% for FY26. This is down from a 3.1% profit margin recorded in the first half of 2026.

The downgrade seems to have spooked investors, but experts are still optimistic.

TradingView data shows the majority (11 out of 15) of analysts have a buy/strong buy rating on the ASX shares. The $23.46 average target price implies an upside of around 51% at the time of writing.

Integral Diagnostics Ltd (ASX: IDX)

Integral Diagnostics shares are down around 2% on Tuesday, to $1.68 each. 

The decline follows a 16% share price crash in late-October following the company's annual general meeting (AGM).

The ASX small-cap healthcare shares have been tumbling ever since. They're now down 20% over the past month alone, and 33% lower for the year to date.

The diagnostic imaging business reported a 3% increase in revenue for the first quarter of FY27 (or 4.4% adjusted for constant currency) which it attributes to labour shortages. That's an abrupt slowdown compared to the 25.6% revenue growth the company achieved in FY26.

The company is implementing cost initiatives to help improve its operating EBITDA margin in the second half of FY27. For the full year, management expects an EBITDA margin in the range of 19.5% to 20.5%. This is lower than the operating EBITDA margin of 20.9% achieved in FY26.

Investors may be concerned but it looks like the experts are still confident that the business can turn it around.

TradingView data shows the majority of analysts (10 out of 14) have a buy/strong buy rating on the shares. Another four rate the ASX shares as a hold. The $2.49 average target price implies an upside of 48%, at the time of writing.

The post 3 ASX shares tipped by brokers to return 48% to 109% over the next 12 months appeared first on The Motley Fool Australia.

Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. 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 recommended Eagers Automotive Ltd. 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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