Light & Wonder Inc (ASX: LNW) shares have rebounded around 9% in Tuesday lunchtime trade.

At the time of writing, the ASX gaming shares are changing hands at $112.57 a piece.

The rebound is good news for investors after the stock tumbled around 39% from an all-time high in early January. 

Despite the latest rebound, Light & Wonder shares are still down around 28% year to date and 24% below the trading levels seen this time last year.

What has happened to Light & Wonder shares today?

There hasn’t been any price-sensitive news out of the company today to explain the latest increase, but Light & Wonder has posted an update to the ASX this morning, which could have helped reinvigorate investor confidence in the company’s outlook.

The company announced that it plans to release its financial results for the Q2 FY26, ending 30 June, before the ASX opens on the 5th of August.

Also, as part of the announcement, the company reiterated its 2026 outlook and said it continues to expect mid-to-high single-digit growth and consolidated adjusted EBITDA growth for the year, despite broad macroeconomic uncertainty.

The company also confirmed it is committed to deleveraging its balance sheet toward the mid-point of its targeted net debt leverage ratio range during 2026, and to below 3.0x in the first half of 2027, subject to the continuation of share repurchases. 

Approximately US$180 million remains under its ongoing share repurchase program. 

Do brokers rate the ASX gaming stock as a buy, sell, or hold?

The experts are uniformly bullish about the outlook for Light & Wonder shares over the next 12 months. And it looks like we could see a huge upside ahead, even after today’s share price spike.

Market Index data shows that brokers agree on a strong buy consensus on the stock, and the $192.75 target price implies a 72% upside ahead.

TradingView data shows that some experts are even more bullish. The majority (20 out of 23) have a buy or strong buy rating on the shares. Another three have a hold rating.

The average target price is a little lower, at $176.2, but it still implies a potential 57% upside ahead, at the time of writing. But some analysts forecast that Light & Wonder shares could rise by up to 99% to $222.79 over the next 12 months.

My view on Light & Wonder shares

Light & Wonder has been reshaping its business in recent years, focusing on recurring revenue and higher-quality earnings. If the company’s next results are able to confirm that execution has continued improving and there is potential to build value over the long term, investor confidence and its share price could follow suit.

The post Why are Light & Wonder shares flying 9% higher today? appeared first on The Motley Fool Australia.

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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 Light & Wonder Inc. The Motley Fool Australia has recommended Light & Wonder Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

ASX shares have been under pressure this week off the back of escalating conflict in the middle east, a rise in oil prices, and concerns about how weaker commodity prices will affect miners

But periods of uncertainty are a great time to focus on investment opportunities that have strong growth potential.

Here are four ASX shares that brokers rate as strong buys, with potential upside of up to 109%.

Life360 Inc (ASX: 360)

Life360 shares have softened in July after rebounding around 55% from an annual low. They’re still another 55% below an all-time high set in October last year, however. The ASX shares were caught up in a tech-sector-wide sell-off over the past nine months which saw investors sell their tech shares amid growing fears that companies’ core services could be replaced by AI. But I think they’re now oversold and there is huge growth potential ahead. The company reported a 38% increase in total revenue in its latest quarterly results in mid-May. This was primarily driven by a 32% increase in subscription revenue and 36% increase in core subscription revenue. Life360 also upgraded FY26 guidance for its revenue and adjusted EBITDA. Market Index data shows brokers rate Life360 shares as a strong buy. They tip a 27% upside to an average $32.01 target price, at the time of writing.

Catalyst Metals Ltd (ASX: CYL)

It’s been a volatile year for this ASX gold producer this year, with its share price ranging anywhere between a low of $4.71 and a high of $9.80 over the past 12 months. Its share price spiked to an all-time high in January after it announced a significant new high-grade discovery at its Plutonic Gold Belt. But it has now lost around 42% of its value mostly thanks to a significant increase in mining costs and a weaker gold price after a strong run late last year. Global instability has also led many investors to sell their gold shares and rotate into larger, more stable assets in 2026. But I like that Catalyst Metals has shown a long period of operational consistency and organic growth. The miner expects production to increase towards the latter half of FY26 as well. Analysts rate the ASX shares as a strong buy and tip an average target price of $9.58. That implies a potential 71% upside at the time of writing.

WiseTech Global Ltd (ASX: WTC)

WiseTech is another ASX tech stock which has been swept in the tech-sector wide sell off this year. The company also recently faced headwinds following media reports that the Australian Federal Police is investigating founder Richard White over alleged trafficking matters. The company responded and said that the alleged investigation relates to Richard White in a personal capacity. It added that there is no suggestion in this media commentary of an investigation into WiseTech. But it didn’t stop investors rushing for the exit. I still see WiseTech as having a strong competitive advantage in the global logistics industry. And I think the company’s future hinges primarily on its FY26 results. If WiseTech manages to reach or exceed its upgraded guidance, I think we’ll see a turnaround in the share price. Market Index shows that the majority of brokers (seven out of eight) have a buy rating on the shares. The average $72.84 target price implies a potential 109% upside over the next 12 months, at the time of writing.

Predictive Discovery Ltd (ASX: PDI)

Gold miner Predictive Discovery also faced headwinds this year. Including higher mining costs, weaker gold prices, and an overall investor rotation away from ASX gold shares into larger, more stable assets. After a rally late last year, however, the gold miner’s shares have performed strongly. They’re now 54% higher than 12 months ago. Its production numbers are expected to increase in the latter half of the year too, with the miner actively developing gold deposits in Guinea’s Siguiri Basin. Market Index data shows brokers agree to a strong buy rating on the ASX shares. The maximum target price is $1.35 per share, which implies a potential 106% upside at the time of writing.

The post 4 ASX shares rated a strong buy and with upsides of up to 109% appeared first on The Motley Fool Australia.

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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 Life360 and WiseTech Global. The Motley Fool Australia has positions in and has recommended Life360 and WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Yandal Resources Ltd (ASX: YRL) this week reported new drilling results from its Siona prospect, which have piqued the interest of analysts at Shaw and Partners.

They have a buy rating on the company, albeit labelling it high risk, and a bullish share price target, which we’ll get to shortly.

First, let’s see what the company announced.

Encouraging new gold exploration results

Yandal, in a statement to the ASX, reported the results from nine shallow exploration holes at Siona, with gold grades of up to 5 grams per tonne over a 3m intersection reported.

The company said regarding the drilling:

Results have demonstrated a coherent horizontal (flat) zone of gold mineralisation within the upper regolith profile occurring broadly to the southwest of the Primary Siona mineralisation.

Yandal Resources Managing Director Chris Oorschot said:

Our previous RC and diamond drilling across the Siona gold discovery (in late 2024 and early 2025) included a number of mineralised intervals that were either outside of, or presenting a different geometry relative to the main Siona mineralised trend. These nine shallow RC holes were focussed on a possible trend situated to the southwest of the main mineralised structure. The results show an almost horizontal zone of gold mineralisation that includes some discrete higher-grade intervals. The shallow nature and consistent geometry are very encouraging and will certainly add to the Mineral Resource potential of the Siona Prospect.

Further exploration drilling will kick off in the coming weeks, the company said.

A broader exploration program will also be made public following a strategic review in late July, with the company adding that it was in a strong cash position.

Shares looking cheap

Shaw and Partners said in their note to clients that they envisaged the gold resource at the project growing substantially.

YRL already has 450koz of Resource gold largely on existing mining leases, with strong extension potential and in the vicinity of multiple gold mills owned by other corporates. Further, ongoing drill results already suggest YRL has a realistic path to reach ~1Moz of Resources within a year. Upside to our price target could come from YRL’s attractive ongoing exploration potential. Additionally, corporate optionality in the Yandal region could add further upside potential to our stock valuation.

Shaw and Partners has a 51-cent per share price target on the company, compared to 20 cents currently.

If achieved, this would constitute a 153.9% return. Yandal Resources is valued at $76.3 million.

The post This ASX gold stock could jump 150%: Broker appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England 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 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.