Looking for big returns? If you are, then it could be worth checking out the two ASX shares in this article.

That’s because analysts have just put buy ratings on them and are expecting upside of at least 20% from current levels.

Here’s what they are recommending:

Netwealth Group Ltd (ASX: NWL)

Bell Potter thinks this ASX share could be being undervalued by the market, especially after a strong quarterly update this week.

In response to its update, the broker has retained its buy rating and $30.00 price target on Netwealth’s shares. Based on its current share price of $24.43, this implies potential upside of over 20% for investors over the next 12 months.

Commenting on its recommendation, Bell Potter said:

NWL has provided an update across multiple fronts, highlights being the first material endorsement of its new private wealth and stockbroking solution, as well as long-term ambitions for the group. This includes more advanced net flow guardrails. We expect the conversation to move towards growth (and away from dissecting margins). The update sees net flows revised up, after delivering periods of $15B. We expect this will release doubts around governance, market volatility and proposed tax changes.

Our Buy rating is unchanged, and we upgrade our net flow estimates +8% FY27-29. Building in margin guidance prompts us to downgrade EPS -7%/-4% and we leave headroom on the FUA target. NWL is looking to replicate EPS growth. The mandate win is the first example of a catalyst, independent of any potential vendor attrition.

ResMed Inc. (ASX: RMD)

Morgans highlights that this sleep disorder treatment company’s shares have de-rated to their lowest PE ratio since the GFC.

As a result, the broker believes a buying opportunity has opened up and has put a buy rating and $41.72 price target on its shares. Based on its current share price of $31.44, this implies potential upside of approximately 33%.

Commenting on ResMed shares and its buy thesis, Morgans said:

RMD has de-rated to ~16x forward earnings, its lowest valuation since the post-GFC period, despite consensus continuing to forecast double-digit EPS growth. GLP-1 therapies, positive Phase III data from Apnimed’s oral OSA therapy, the prospect of Philips re-entering the US PAP market from 2027 and broader healthcare sector de-rating, have driven recent share price weakness.

While these risks are real, current industry data and RMD’s operating performance provide limited evidence of a material deterioration in underlying demand. We make no changes to FY26-28 forecasts or our A$41.72 target price. BUY.

The post Why these ASX shares could rise 20% to 30% appeared first on The Motley Fool Australia.

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

If I had $2,000 to invest in ASX growth shares this July, I would be looking for businesses where the long-term opportunity looks strong and the valuation is attractive.

Here are two ASX growth shares I think tick those boxes and would consider buying today.

Catapult Sports Ltd (ASX: CAT)

Catapult Sports is a growth share I think is much more interesting than the current share price suggests.

The company provides wearable technology, video analysis, and performance software used by professional sporting teams around the world. Its technology helps coaches and performance staff understand player workload, improve training programs, analyse tactics, and make better decisions around athlete management.

What I like about Catapult is that it solves a very specific problem. Elite sports teams are constantly looking for small advantages. A better understanding of player fatigue, a more effective training session, or improved tactical analysis can influence results.

That means the technology is not just a nice addition. It can become part of how teams operate.

I also think the long-term opportunity is larger than many investors realise. Professional sport is becoming increasingly data-driven across football, rugby, basketball, American football, cricket, and many other competitions. The best teams are looking for more information, not less. This could result in growing demand for Catapult’s products over the next decade.

The shares are down around 55% from their highs, which has clearly damaged investor confidence. But I think that creates an opportunity to look beyond the short-term sentiment and focus on the underlying business.

SiteMinder Ltd (ASX: SDR)

SiteMinder is another ASX growth share I think has an interesting long-term story.

The company provides technology that helps hotels manage their online presence, connect with booking channels, improve direct bookings, and manage their rooms more effectively.

I think this is a fascinating part of the travel industry because it focuses on the behind-the-scenes technology that makes bookings possible.

Hotels compete for customers every day. They need to manage pricing, availability, online channels, and customer relationships across an increasingly digital environment. SiteMinder helps simplify that process.

What I like about the company is that it sits in the middle of a major industry shift. Travel has become more technology-driven, and accommodation providers need better tools to compete.

The artificial intelligence opportunity is also interesting. As hotels look for more automation and smarter ways to manage demand, software platforms that can provide better insights and efficiency could become increasingly valuable.

The shares are down around 50% from their 52-week high, and the business still needs to prove it can deliver sustainable profitable growth. But I think the long-term opportunity remains attractive. The hotel industry is huge, and the technology behind every booking is becoming more important.

Foolish takeaway

I think Catapult and SiteMinder are two examples of growth companies where the market may be focused more on the present than the future.

Both businesses are still building their stories, and execution will remain important.

But I like companies that solve real problems in growing industries. Catapult is helping professional teams make better decisions, while SiteMinder is helping accommodation providers compete in a more digital world.

Those are the types of growth opportunities I would be happy to own for the long term.

The post 2 ASX growth shares down 50%+ that I’d buy with $2,000 in July appeared first on The Motley Fool Australia.

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Motley Fool contributor Grace Alvino 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 Catapult Sports and SiteMinder. The Motley Fool Australia has positions in and has recommended Catapult Sports and SiteMinder. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Universal Store Holdings Ltd (ASX: UNI) share price has seen plenty of volatility over the past year, as the chart below shows. I think it has already demonstrated it’s one of Australia’s top retail shares, and it still has significant growth potential.

Universal Store is not one of the most famous retailers on the ASX, but it’s quickly growing into an impressive force in the space.

It owns a portfolio of premium youth fashion brands, including Universal Store and Perfect Stranger and CTC (trading under THRILLS and Worship). The company operates 121 physical stores across Australia.

There are a few reasons why it looks like one of Australia’s top shares to consider for the next few years.

Solid revenue growth with great outlook

The last few years have been a tough retail environment for many operators, but Universal Store has managed to deliver strong top-line growth over the past five years.

FY26 looks like another year of strong growth for the business, particularly for its two core brands.

Its latest trading update showed group retail sales in the first 43 weeks of FY26 grew 14%, with Universal Store sales growth of 11.8% and Perfect Stranger sales growth of 39.8%. Universal Store’s like-for-like sales growth was 8.5%, and Perfect Stranger’s LFL sales growth was 12.9%.

The LFL sales growth shows the existing store network is performing strongly, while new stores are also adding significant growth for the brands. For example, Perfect Stranger currently has a store network of 26 locations and has opened seven new stores in FY26.

To be counted as one of Australia’s top shares, I think a business needs to demonstrate solid revenue growth. It ticks this box.

Rising profit margins

The business has a strong track record of growing profit margins, meaning its bottom line is rising faster than the top line. Net profit growth is essential because it’s what investors usually value a business on, and profit generation funds dividends.

For example, in the FY26 half-year results, group sales grew 14.2%, the gross profit margin increased by 150 basis points (1.50%) to 62.1%, and the underlying net profit grew by 22%.

Profit margins are expected to rise again in FY26, according to the company’s guidance. Based on the midpoint of its guidance, FY26 sales are projected to rise 11.5%, and underlying operating profit (EBITA) could grow by 15.4%.

I think rising profit margins are a key factor that helps an ASX share deliver strong shareholder returns.

Compelling shareholder metrics

The investor metrics the company trades at remain very attractive, in my opinion.

According to the projections on CMC Invest, the Universal Store is trading at less than 15x FY26’s estimated earnings, with a potential grossed-up dividend yield of 7.8%, including franking credits.

In my view, the business is undervalued and it could be a very good buy after dropping 18% since March 2026, making it one of Australia’s top shares.

The post A rare buying opportunity in 1 of Australia’s top shares? appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison 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 recommended Universal Store. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.