3 ASX shares tipped to fall more than 30% in 2026

The All Ordinaries Index (ASX: XAO) has gone from strength to strength so far in 2026 as strong earnings results and improving investor confidence continues to drive many ASX shares higher. 

But there are some ASX shares which are tipped to travel in the other direction, with analysts tipping downsides of 30% (or more) over the next 12 months.

Helia Group Ltd (ASX: HLI)

Helia shares closed higher on Wednesday afternoon, up 3.05% to $5.75 a piece. The share price is now 3.6% higher for the year-to-date and 15.23% higher over the year, albeit with significant peaks and troughs along the way.

Analysts are bearish on the ASX stock, with many tipping more volatility ahead for the currently-overpriced stock. Analysts have a consensus sell position on Helia shares, with a target price of $3.95 a piece. That implies a 31.30% downside at the time of writing. 

Dominos Pizza Enterprises Ltd (ASX: DMP)

Domino’s shares closed 1.6% higher on Wednesday afternoon at $21.60 a piece. It’s positive news for investors after the share price plunged 8% earlier last week following news of a leadership shakeup. 

Last Wednesday, the company announced it had appointed Andrew Gregory as its incoming Group Chief Executive Officer and Managing Director.

The news has come right before the pizza chain is due to report its half-year result, which is due on 25 February 2026.

For the year-to-date, Domino’s shares are down 1.01%, and 33.92% below where they were this time last year.

Analysts are split on where the shares could travel from here. TradingView data shows that out of 17 analysts, six have a hold rating. Another five have a buy or strong buy rating, and six have a sell or strong sell position. 

The average target price is $20.89, which implies a 3.29% downside at the time of writing. But then some analysts think the shares could sink even further to just $13.00 a piece. That implies a 39.81% downside from the share price at the close of the ASX on Wednesday.

Boss Energy Ltd (ASX: BOE)

At the close of the ASX on Wednesday, Boss Energy shares were 3.45% higher for the day at $1.65 a piece. The hike means the shares are now 5.1% higher for the year-to-date but a whopping 46.08% below just one year ago.

The Uranium miner is heavily reliant on uranium prices, which skyrocketed in mid-January before crashing back down to normalised levels earlier this month after a fresh increase in global supply momentarily outweighed the view of soaring growing demand expectations that carried prices in recent quarters, Trading Economics explained. 

While analyst sentiment about the outlook of the stock is mixed, the majority of experts have a bearish stance. TradingView data shows that out of 16 analysts, seven have a sell or strong sell rating. Another five have a hold rating and four have a strong buy rating. 

The average target price is $1.725 per share, which implies a 4.55% upside at the time of writing. But the more bearish analysts think the shares could sink 39.39% to just $1 within the next 12 months. 

The post 3 ASX shares tipped to fall more than 30% in 2026 appeared first on The Motley Fool Australia.

More reading

• These are the 10 most shorted ASX shares
• Here are the top 10 ASX 200 shares today
• Why AGL, CBA, Domino’s, and James Hardie shares are jumping today
• Domino’s shares catch investors’ attention today. Here’s what was announced
• Here are the top 10 ASX 200 shares today

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 positions in and has recommended Domino’s Pizza Enterprises. The Motley Fool Australia has recommended Domino’s Pizza Enterprises. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.