
ASX shares are climbing higher on Tuesday afternoon as investor jitters calm, oil prices fall, and gold edges higher.
Here are three ASX shares that brokers expect will help drive the share market higher over the next 12 months.
And one of them is tipped to jump 322%!
Generation Development Group Ltd (ASX: GDG)
The diversified financial services company’s shares have consistently and continually tumbled lower over the past year.
At the time of writing, they’re trading for $2.68 each, down around 55% for the year to date and 63% lower than an all-time high in October last year.Â
It looks like the share price decline is mostly investors taking their gains off the table after a strong rally through 2025.
The company itself continues to perform well. Its FY26 results showed Generation Development Group is performing well operationally. The company posted record funds under management of $6.5 billion in August, which is a 37% year-on-year increase.Â
Its underlying NPAT also increased 21% to $40.7 million, and group revenue climbed 23% to $178.7 million.
The company also said that it thinks it is well-placed to benefit from strong structural tailwinds across superannuation, retirement, and managed account markets in FY27. Management expects continued FUM growth, supported by adviser adoption and stable product revenue margins.
Brokers are very optimistic that the shares can stage a turnaround. Market Index data shows that all brokers agree on a strong buy rating on the ASX shares. The $5.62 average target price implies about 109% upside at the time of writing.
Wildcat Resources Ltd (ASX: WC8)
The ASX lithium shares are down 2% for the day at the time of writing, trading at 27 cents each. That’s a 28% decline for the year to date, but the shares are still trading around 30% higher than 12 months ago.
In late August, the company reported strong lithium drill results at its Bolt Cutter Central and Tabba Tabba projects in WA. The company has identified multiple high-grade lithium drill intersections across Bolt Cutter Central and Tabba Tabba, including 16m at 1.5% LiâO and 13.9m at 2.0% LiâO.
The company is focused on delivering a maiden Mineral Resource Estimate for Bolt Cutter Central and advancing technical studies at Tabba Tabba, set for release in the second half of 2026.Â
Wildcat is also targeting key new drill regions for further resource upgrades in the months ahead.
Experts are optimistic that Wildcat can reach its Tabba Tabba lithium project milestones and expand its Bolt Cutter discovery.
The company is also expected to benefit from an improving lithium market. If lithium demand from EVs and battery storage keeps rising, the ASX shares could benefit from a boom in demand.
Market Index data shows that all brokers have a strong buy rating on the shares. The $1.15 average target price implies a potential 322% upside, at the time of writing.
Deep Yellow Ltd (ASX: DYL)
Deep Yellow is an ASX uranium development company with a portfolio of Australian and global projects. At the time of writing, its shares are down around 0.5% for the day, to an annual low of $1.09 a piece. For the year to date, the shares are now down around 44% and 46% lower than 12 months ago.
Rising bond yields and higher interest rates have acted as strong headwinds for ASX uranium shares over the past year. Uranium developers like Deep Yellow need upfront capital, and it takes several years to become profitable. Investors have also been rotating towards more stable or defensive assets in times of volatility.
It’s not all bad news, though. In August, the company announced it had completed two major milestones at its flagship Tumas Project in Namibia. These included a long-term water supply agreement and finalisation of local ownership arrangements. The company is now focused on successfully progressing its Tumas Project towards a Final Investment Decision in Q4 2026.
Brokers are also bullish that the ASX shares can keep climbing. Market Index data shows the majority have a strong buy rating, and the $2.28 average target price implies an upside of around 109% at the time of writing.
The post 3 ASX shares tipped to fly 109% to 322% higher appeared first on The Motley Fool Australia.
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More reading
- Buy, hold, sell: Deep Yellow, SGH, Telstra shares
- This ASX uranium stock could rise 40%: Broker
- 4 ASX shares tipped by brokers to return 63% to 125%
- Why is this ASX lithium stock crashing 10% on Monday?
- 3 ASX shares trading at 52-week lows that could be outstanding value playsÂ
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 recommended Generation Development Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

