These 2 ASX All Ords shares tripled in value last year. Can they keep going?

S&P/ASX All Ords Index (ASX: XAO) shares lifted 7.11% and produced total returns, including dividends, of 10.56% last year.

The ASX All Ords outperformed the benchmark S&P/ASX 200 Index (ASX: XJO), which rose 6.8% and returned 10.32%.

As always, there were outliers.

These 2 ASX All Ords shares more than tripled in value last year.

Can their amazing ascension continue?

We defer to the experts.

Will these 2 ASX All Ords shares streak even higher?

Predictive Discovery Ltd (ASX: PDI)

This ASX All Ords gold mining share soared 220% last year to close at 74 cents apiece on 31 December.

Yesterday, the Predictive Discovery share price closed at 82 cents, up 0.6%.

Predictive Discovery is developing gold deposits within Guinea’s Siguiri Basin.

The company’s flagship asset is the Bankan Gold Project, which has a mineral resource estimate of 5.53Moz.

The explorer completed the Definitive Feasibility Study (DFS) in June.

The Guinea Government has approved the environmental Impact assessment, and the exploitation permit application is in the final stages.

Predictive Discovery is also in the process of acquiring Robex Resources CDI (ASX: RBR).

The company announced final court approval last week.

So far in the new year, Ord Minnett is the only broker to issue a new note on Predictive Discovery shares.

The broker downgraded its rating to a hold but lifted its 12-month price target from 50 cents per share to 74 cents per share.

The increased target price is still 10% below where the ASX All Ords share is trading today.

This means Ord Minnett considers the gold explorer overvalued by the market for now.

DroneShield Ltd (ASX: DRO)

This ASX All Ords industrial share leapt 300% to close at $3.08 apiece on 31 December.

Droneshield is benefitting from a huge increase in global defence spending amid greater geopolitical turmoil.

On Tuesday, the Droneshield share price closed at $4.74, up 4.2%.

Last week, Droneshield announced it had been selected for Australia’s Project LAND 156 C-sUAS Services Standing Offer Panel.

This will allow the defence department to procure DroneShield’s counterdrone services through selective and limited tender.

Droneshield CEO, Oleg Vornik, said:

We welcome the opportunity to support Defence through this Panel arrangement and stand ready to deliver battle-proven, software-defined C-sUAS solutions.

TradingView data shows two analysts have a consensus strong buy rating on Droneshield shares.

While their maximum target is $5, implying a potential 5.5% upside in 2026, their minimum target is $4.40, which suggests a possible fall.

After such strong growth in 2025, it’s worth noting that there is a large short position on Droneshield shares today.

The post These 2 ASX All Ords shares tripled in value last year. Can they keep going? appeared first on The Motley Fool Australia.

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Motley Fool contributor Bronwyn Allen 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 DroneShield. 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.