The ASX All Ordinaries Index (ASX: XAO) has eased slightly as we move further into the fourth week of earnings season. At the close of the market on Tuesday, the All Ords Index had dropped 0.078% for the day to 9,244.30 points.
It’s not all bad news though. After coming off a four-month high late last week, the index is still trading significantly higher (up 7.99%) than this time last year, and it looks like it could keep climbing.
Here are three ASX All Ords shares which I’d buy today.
Electro Optic Systems Holdings Ltd (ASX: EOS)
EOS shares have plunged 32.13% since their all-time high recorded in mid-January. But the stock is still nearly 500% above where it was trading just one year ago.
The Aussie defence company, which develops and produces advanced electro-optic technologies, has faced a couple of headwinds recently. Speculation that the company might move its headquarters and stock market listing from Australia to Europe seemed to spook investors. And a scathing short seller report from Grizzly Research, which raised doubts about a recent acquisition, damaged investor confidence.
But analysts are still incredibly bullish on the outlook for the ASX All Ords defence share.
Yesterday, analysts at Bell Potter confirmed their buy rating on EOS shares, however lowered their price target to $9.70. The broker is one of three analysts which have a buy rating on the stock. Bell Potter represents the most bearish price target while others think the stock could jump as much as 76.67% to $12.95 a piece, from the share price at the time of writing.Â
Woodside Energy Group Ltd (ASX: WDS)
Woodside shares have stormed higher in 2026 off the back of global oil supply concerns and some impressive production figures and strong returns for 2025.
At the close of the ASX All Ords Index on Tuesday, Woodside shares are 17.29% higher for the year-to-date and 18.69% higher than this time last year.
Analysts were impressed with the energy stock’s results and even after the latest price rally, many think there is some more upside ahead.
TradingView data shows that out of 15 analysts, 9 have a hold rating. Another 6 have a buy or strong buy rating on the stock. The maximum target price is $31.02, which implies a potential 11.78% upside at the time of writing.
TechnologyOne Limited (ASX: TNE)
TechnologyOne shares have had a more difficult start to 2026. At the close of the ASX on Tuesday, the tech stock is down 18.92% for the year-to-date and a huge 29.3% lower than this time last year.
The stock suffered a dramatic sell-off by investors late-last year. The company reported strong financials in November but investors weren’t satisfied with the lack of future growth projections. The stock was also smashed by a broad tech-sector sell-off earlier this month.
Despite the slow start, I think the ASX tech share has the potential to quietly become a global leader this year.
Analysts seem to agree too. The stock is widely tipped to storm higher over the next 12 months. And it looks like the shares are now trading below fair value.
TradingView data shows that 13 out of 16 analysts have a buy or strong buy rating on TechnologyOne shares. The maximum target price is $40.32, which implies a huge 78.49% potential upside over the next 12 months, at the time of writing.
The post 3 ASX All Ords shares I’d buy with $5,000 today appeared first on The Motley Fool Australia.
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* Returns as of 20 Feb 2026
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More reading
- 5 things to watch on the ASX 200 on Wednesday
- Steadfast Group lifts revenue, profit, and dividend in 1H26 earnings update
- Here are the top 10 ASX 200 shares today
- Forget term deposits! I’d buy these two ASX 200 shares instead
- Where to now for EOS shares after a 500% surge?
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 Electro Optic Systems and Technology One. The Motley Fool Australia has recommended Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.