Telstra Group Ltd (ASX: TLS) shares have had a volatile run through the first nine months of 2026. 

The ASX telco’s shares flew to a 10-year high of $5.55 a piece in mid-May, but then they crashed around 18% to an annual low in late-August. Since then, the shares have rebounded again.

At the time of writing, Telstra shares are trading at $4.86 a piece. That’s around a 5% increase from last month’s low and around 1% lower for the year to date.

Going forward, it looks like there could be a lot more upside ahead for the shares. TradingView data shows that the majority of analysts have a buy/strong buy rating on the stock, and some tip an upside of up to 13% to a maximum $5.50 target price.

It’s not all about share price gains and losses, though. Telstra has plenty more to offer its shareholders.

Telstra shares are a great buy for passive income

Telstra, as a business, is classically defensive. As a provider of internet access and mobile connectivity, the telco benefits from a stable income.

Phone and internet connectivity are considered essential services, which means their offerings are in high demand regardless of where we are in the economic cycle, inflation rates, or the cost of living.

And that means the company is able to perform steadily over the long term, rather than being subject to market fluctuations, cyclical growth, or shifting investor sentiment.

This is great news for investors who want to hedge against potential volatility elsewhere in the index.

Just last month, the company announced its FY26 results, including a 4% year-on-year increase in EBITDA to $8.3 billion and a 4.9% increase in underlying NPAT to $2.5 billion.

Going forward, Telstra expects to continue growing its underlying EBITDA and has posted guidance of between $8.5 billion and $8.8 billion in FY27.

It’s this consistent performance, combined with Telstra’s defensive nature, that enables the company to pay its shareholders a reliable, consistent passive income stream.

Not only that, its dividend payout ratio is close to 100% of company earnings, which unlocks a great dividend yield.

What passive income does the telco pay its shareholders?

Telstra traditionally makes two fully-franked dividend payments to shareholders every year, payable in March and September. 

The telco paid its shareholders a 10.5-cent dividend in March, 90.48% franked, and a final 9.5-cent, fully-franked dividend this month. That totals 21 cents for FY26.

Based on the latest forecasts, the telco is also expected to pay a total dividend of 21 cents per share in FY27.

Based on the current share price, that translates to a dividend yield of around 4.4% for FY26 and FY27.

The post Are Telstra shares a good buy for passive income? 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 no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

S&P/ASX 200 Index (ASX: XJO) shares are 0.5% lower at 8,706.8 points on Tuesday.

With earnings season over, brokers have updated their ratings and 12-month price targets on scores of ASX 200 shares.

Here are three with strong upside potential.

Life360 Inc (ASX: 360)

The Life360 share price is $20.88, up 6.9% today.

Over the past month, this ASX 200 tech share has fallen 15%.

Bell Potter renewed its buy rating on Life360 shares but shaved its price target down from $35 to $34.

This suggests a potential 62% upside ahead.

Analyst Chris Savage said:

The 2Q2026 key metrics of MAU growth, paying circle growth and adjusted EBITDA were all ahead of our forecasts…

The 2026 guidance for MAU growth, consolidated revenue and adjusted EBITDA were all unchanged…

We retain our BUY recommendation and note we expect the buyback to be more active this quarter after only modestly commencing last quarter.

Pro Medicus Ltd (ASX: PME)

The Pro Medicus share price is $167, up 1% today and down 43% over 12 months. 

Pro Medicus shares began rebounding in February, ahead of the broader sector, but it’s been a topsy-turvy recovery.

The ASX 200 healthcare share almost doubled in value between late February and early July, then fell on profit-taking.

The Pro Medicus share price is up 5% since the broader sector pivoted on 3 June.

Morgans has an accumulate rating with a 12-month target of $230 on Pro Medicus shares.

This implies a potential 38% upside ahead.

The broker said: 

FY26 confirms PME is executing at an even higher level than the market gave it credit for.

EBIT margin of 74.9% and constant currency EBIT growth of 30.6% both beat expectations comfortably, with the FX-driven softness in headline revenue a currency story, not a demand or execution one.

Momentum remains broad-based, implementations are ahead of schedule, renewals are a clean sweep, and the pipeline is opening up in new segments rather than just deepening in existing ones.

Looking ahead, FY27 is shaping as a genuine standout year.

Ramelius Resources Ltd (ASX: RMS)

The Ramelius Resources share price is $3.66, down 2.5% today.

Over the past month, this ASX 200 gold share has fallen 0.4%.

Morgans has a buy rating on Ramelius Resources shares with a $4.74 target.

This implies a potential 30% upside ahead.

The broker said:

RMS is expected to release FY27 guidance and an updated outlook to FY30 in Sep-26, following execution of the EPC contract for the Mt Magnet mill expansion, providing greater clarity on project costs and timing. 

The post 3 ASX 200 shares tipped by experts to jump 30% to 62% 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 Life360. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Pro Medicus. The Motley Fool Australia has positions in and has recommended Life360. The Motley Fool Australia has recommended Pro Medicus. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The CSL Ltd (ASX: CSL) share price has staged an extraordinary recovery over the past few months.

After dropping to around $90 in June, the healthcare giant is trading at around $171.57 on Tuesday.

That is a huge change in a short period. But with the CSL share price still comfortably short of its highs, could there be another leg higher?

The easy gains may be behind us

When the CSL share price was trading around $90, I thought the valuation looked exceptionally cheap for a company with its global healthcare operations and long-term growth potential.

Investors were pricing in plenty of disappointment following weaker guidance, restructuring, and uncertainty around the earnings outlook.

Since then, the CSL share price has risen by more than 90%.

At $171.57, I certainly would not describe the stock as dirt cheap anymore.

According to consensus estimates, CSL is expected to generate earnings per share of $9.01 in FY27, rising to $9.51 in FY28 and $10.10 in FY29.

That means CSL shares are currently trading on a PE ratio of around 19 times forecast FY27 earnings.

I think that still represents decent value for money, but the investment case has changed.

From here, I expect CSL’s earnings growth to become much more important for the market than simply recovering from an unusually depressed valuation.

What would a $200 CSL share price mean?

A move from $171.57 to $200 would represent further upside of around 17%.

I do not think that looks unrealistic. At $200, CSL would trade at roughly 22 times forecast FY27 earnings.

Looking further ahead, that falls to around 20 times the FY29 earnings estimate.

For a global healthcare company with strong positions in plasma therapies and other specialised treatments, I think that valuation could be justified if CSL delivers on the earnings recovery currently expected.

What could push it higher?

CSL Behring remains particularly important to the outlook.

The business has opportunities to grow demand for its immunoglobulin and albumin therapies while improving profitability as plasma collection becomes more efficient.

Margin recovery would be encouraging because it could allow revenue growth to translate into stronger earnings growth.

There are also still challenges elsewhere in the group, including pressure within CSL Vifor. But if earnings rise towards the current FY28 and FY29 forecasts, I think investors could become increasingly comfortable paying a higher price for the shares.

Foolish takeaway

I think the CSL share price could reach $200, although the path looks quite different from the recovery out of June’s lows.

At $171.57, the shares are no longer obviously cheap. They are trading at around 19 times forecast FY27 earnings after almost doubling in value.

For the CSL share price to move another 17% higher, I think the company will need to show that its earnings recovery is genuinely taking hold.

If it can do that, $200 does not look like an unreasonable valuation to me.

The post Is the CSL share price heading to $200? appeared first on The Motley Fool Australia.

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Motley Fool contributor Grace Alvino has positions in CSL. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL. The Motley Fool Australia has recommended CSL. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.