
ASX share prices are always changing. Some analysts see upside ahead for certain ASX shares.
Based on expert price targets, there are a few stocks that could deliver returns of more than 60% in the next 12 months. A price target is where brokers think share prices will be in a year, though that’s not a guarantee of future returns.
Let’s look at two of the most exciting prospects.
Xero Ltd (ASX: XRO)
Xero is one of the world’s leading cloud accounting businesses, with a focus on small and medium enterprises (SME). Its main markets are Australia, New Zealand, the UK and the US.
According to CMC Invest, there have been three analyst ratings on the ASX share in the last three months. Two of those analyst ratings calls were a buy and one was a hold.
The price target of the three ratings is $106.81, which implies a possible rise of 84.6% at the time of writing. Even a return of half of that scale would be very impressive.
Xero’s underlying numbers continue to be impressive, though Melio-related costs led to lower net profit in FY26.
During FY26, the company reported that operating revenue grew 31% to $2.75 billion following an 11% rise of customers to 4.92 million and a 23% increase in the average revenue per customer growing to $55.44.
Xero also reported that annualised monthly recurring revenue (AMRR) grew by 37% to $3.27 billion and adjusted operating profit (EBITDA) jumped 18% to $757 million.
For FY27, operating revenue is expected to grow to between $3.62 billion and $3.73 billion, while adjusted EBITDA is forecast to rise to between $860 million and $920 million.
Nine Entertainment Co Holdings Ltd (ASX: NEC)
Another ASX share currently rated positively is Nine Entertainment, a large media business. It has the Nine Network and 9Now, The Sydney Morning Herald, The Age, The Australian Financial Review and other media assets.
According to CMC Invest, four analysts have rated the business in the last three months. Three of those ratings were buy calls, and one was a hold call.
Of those four ratings, the average price target is currently $1.11. At the time of writing, that suggests a possible rise of 62% over the next 12 months.
The company continues to deliver underlying earnings. In FY26, it reported that its continuing business achieved 3% revenue growth, 17% operating profit (EBITDA) growth and 7% net profit after tax (NPAT) growth.
The ASX share also recently announced that it had extended its Premier League rights through to 2034, which is an important driver of EBITDA growth for Stan (the streaming service).
The post 2 ASX shares tipped to grow 62% or more in the next 12 months appeared first on The Motley Fool Australia.
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* Returns as of 1 August 2026
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Motley Fool contributor Tristan Harrison 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 Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool Australia has recommended Nine Entertainment. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

