If you are looking for an ASX 200 share to buy, then it could be worth considering Netwealth Group Ltd (ASX: NWL) shares.

That’s because according to Bell Potter, there could be big returns on the cards for buyers at these levels.

What is the broker is saying?

Bell Potter has been busy updating its model to reflect mark-to-markets and appears confident its update next month will be positive. It said:

Despite earlier risk off, global equity markets recovered and posted outsized returns for the June quarter. We update our model to reflect strong positive mark-to-markets. NWL offers the highest and cleanest leverage across our platform coverage, which is one reason why we continue to favour the name into the trading update (16 July). We upgrade FUA forecasts +1%/+1%/+1% for 2026-28.

It then adds:

Our forecasts already captured the benefit of stronger markets in April, so revisions are a little more modest while our net inflow forecasts remain unchanged. We expect custodial FUA flows of $3.8B for the quarter (which usually build over the course of the year) and market movements of $6.4B. The run-rate has now improved for four consecutive quarters, although our $3.8B forecast implies a slowdown, against the usual seasonality.

Big potential returns

As mentioned at the top, Bell Potter believes this ASX 200 share could deliver big returns for investors over the next 12 months.

According to the note, the broker has retained its buy rating and $30.00 price target on Netwealth’s shares.

Based on its current share price of $21.76, this implies potential upside of 38% for investors over the next 12 months.

In addition, Bell Potter is forecasting a 2% dividend yield over the same period, bringing the total potential return to approximately 40%.

Commenting on the company and its buy thesis, it said:

Our Buy recommendation is unchanged. NWL no longer trades as a leveraged play on financial markets, which is interesting. Given its increased scale, we would expect the opposite, with free carry having a bigger impact than flows. A shift back into global growth assets should also be supportive. Although it hasn’t benefited from this either.

NWL reaffirmed EBITDA margin guidance despite weakness in March, and we count 23 advertised roles (quite large) skewed towards product and corporate, with a focus on senior hires. We have reset our margin expectations to 49.0%. This results in EPS changes of -2%/+0%/+0% for 2026-28.

The post Why this ASX 200 share could deliver a 40% return appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro 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 Netwealth Group. The Motley Fool Australia has positions in and has recommended Netwealth Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

On Thursday, the S&P/ASX 200 Index (ASX: XJO) had a subdued session but managed to finish slightly higher. The benchmark index rose 1.6 points to 8,724.5 points.

Will the market be able to build on this on Friday and end the week on a high? Here are five things to watch:

ASX 200 expected to rise

The Australian share market looks set to rise on Friday despite a mixed night of trade in the United States. According to the latest SPI futures, the ASX 200 is expected to open 52 points or 0.6% higher this morning. On Wall Street, the Dow Jones was up 2.15%, but the S&P 500 was flat and the Nasdaq fell 0.8%.

Oil prices fall

ASX 200 energy shares Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) could have a poor finish to the week after oil prices fell again overnight. According to Bloomberg, the WTI crude oil price is down 0.7% to US$68.10 a barrel and the Brent crude oil price is down 0.6% to US$71.13 a barrel. US-Iran peace deal optimism has weighed on oil prices.

Buy Netwealth shares

Bell Potter thinks Netwealth Group Ltd (ASX: NWL) shares are undervalued. This morning, the broker has retained its buy rating and $30.00 price target on the investment platform provider’s shares. This implies potential upside of approximately 38%. It said: “Our Buy recommendation is unchanged. NWL no longer trades as a leveraged play on financial markets, which is interesting. Given its increased scale, we would expect the opposite, with free carry having a bigger impact than flows. A shift back into global growth assets should also be supportive.”

Gold price rises

ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Newmont Corporation (ASX: NEM) could have a good finish to the week after the gold price charged higher overnight. According to CNBC, the gold futures price is up 1.1% to US$4,126.1 an ounce. This was driven by the release of US payrolls data, which the market appears to believe wasn’t supportive of interest rate hikes.

Buy Chalice shares

Bell Potter has also recommended Chalice Mining Ltd (ASX: CHN) shares this morning. According to the note, the broker has reaffirmed its speculative buy rating and $4.00 price target on the mineral exploration company’s shares. It said: “CHN’s Gonneville project continues to offer exposure to a globally significant, critical minerals PGE-Ni-Cu-Co Project in a Tier 1 jurisdiction. It has designation at both State and Federal levels as a Major Project, conferring dedicated co-ordination and support for the project through statutory approvals processes. CHN is sufficiently funded to reach FID in 1HCY28.”

The post 5 things to watch on the ASX 200 on Friday appeared first on The Motley Fool Australia.

More reading

• Why this ASX 200 share could deliver a 40% return
• $5,000 invested in Woodside shares 6 months ago is now worth…
• Here are the top 10 ASX 200 shares today
• ASX 200 claws back early losses as bank shares jump
• Should you buy property or stocks? Here’s what you need to consider

Motley Fool contributor James Mickleboro has positions in Woodside Energy Group Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Netwealth Group. The Motley Fool Australia has positions in and has recommended Netwealth 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 300 Index (ASX: XKO) uranium stock Bannerman Energy Ltd (ASX: BMN) has lost a fair bit of ground since the end of April.

On 23 April, Bannerman shares closed trading for $4.74. Earlier this week, shares were changing hands for $3.14 apiece, putting the share price down 33.7% in just over two months.

While that’s been a painful slide for existing shareholders, Fairmont Equities’ Michael Gable believes this the retrace now presents an opportunity to buy Bannerman shares at a long-term bargain price (courtesy of The Bull).

Should I buy the ASX 300 uranium stock today?

“This uranium development company’s flagship Etango project is based in Namibia,” Gable said.

Citing the first reason you might want to buy Bannerman Energy shares today, he noted, “We believe the uranium sector presents a bright outlook as we expect demand to outpace supply for the next several years.”

Then there’s the recent joint venture agreement the ASX 300 uranium stock inked with the China National Nuclear Corporation, first announced to the market on 13 February.

Commenting on the JV Etango funding deal on the day, Bannerman Energy executive chairman Brandon Munro said:

By enabling the debt-free construction of Etango, this solution maximises flexibility and dramatically derisks the construction and ramp-up phases of project execution.

It also delivers us a Tier-1 cornerstone offtake partner on genuine and market terms, ensuring Bannerman remains strongly exposed to future uranium price upside potential.

Gable pointed out that the market doesn’t appear to be pricing in the benefits of the JV deal. He noted:

Despite BMN de-risking its main resource by announcing a joint venture with the China National Nuclear Corporation, the share price has retreated along with many other stocks in the market.

Which brings us to the third reason Gable has a buy recommendation on Bannerman Energy shares.

“In our view, this presents a buying opportunity as BMN should be leveraged to any upside in the uranium price,” he concluded.

What’s the latest from Bannerman Energy?

Bannerman released its March quarter update on 29 April.

Commenting on the progress being made at Etango, Bannerman CEO Gavin Chamberlain said:

Bannerman continued to progress Etango’s early works program during the March 2026 quarter, with key construction activities, detailed design and procurement advancing in line with schedule and budget.

The ASX 300 uranium stock reported that its site contractor workforce numbered more than 560 personnel at the quarter end, and the project’s bulk earthworks contract was 66.5% complete.

Turning to the balance sheet, as at 31 March, Bannerman Energy had a cash balance of $69.9 million and liquid assets of $12.7 million.

The post 3 reasons to buy this beaten down ASX 300 uranium stock today appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben 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.