ASX shares slumped lower on Thursday thanks to a selloff across the banks, materials and mining sectors, driven by falling commodity prices and ongoing inflation and interest rate concerns.

But during times when the market looks wobbly, it’s best to pinpoint which shares could be some of the best performers going forward.

Here are three of them, and they’re tipped to return up to 162% over the next 12 months.

Zip Co Ltd (ASX: ZIP)

Zip shares closed around 2% lower on Thursday afternoon, at $2.08 a piece. The decline means the shares are now down around 38% for the year-to-date.

There hasn’t been any price-sensitive news out of the buy now, pay later provider over the past month or so to explain the latest decline. It’s likely the selloff is a continuation of heavy headwinds and the company’s underwhelming growth outlook in its FY26 results.

Zip said that for FY27, Zip is targeting a cash EBTDA of $340 million, up another 26%, which is lower than what the company achieved for FY27. 

There has also been another rotation away from high-growth tech shares like Zip recently as inflation and interest rate fears bubble back to the surface.

But the experts are still very positive the company can turn things around. According to Market Index data, all brokers have a strong buy rating on the ASX shares. The $3.95 average target price also implies an upside of around 90% at the time of writing.

Catapult Sports Ltd (ASX: CAT)

Catapult shares also closed the day flat on Thursday, at $3.17 each. For the year-to-date the shares are down around 26%.

Again, there hasn’t been any price-sensitive news out of Catapult since it posted its FY26 results in May.

It looks like investors are still concerned about the execution risk of its new low churn plan and whether it can translate into a higher annual contract revenue and revenue increase.

The company was also caught up in the latest tech-sector-wide sell-off, which acted as a further share price headwind.

But the experts are confident that the company can continue growing. Market Index data shows all brokers have a strong buy rating on the shares. At the $5.45 average target price implies an upside of around 72% at the time of writing.

Elevra Lithium Ltd (ASX: ELV)

Elevra shares also fell lower into the red on Thursday. At the close of the ASX, the lithium producer’s shares were down around 4% to $4.99 each. That means the shares are now down 37% for the year-to-date.

The latest downturn appears to be off the back of the company’s latest ASX announcement. Ahead of the market open on Thursday, Elevra announced that it has executed a binding Spodumene Concentrate Supply Agreement with LG Energy Solution for the supply of spodumene concentrate produced at North American Lithium in Québec.

The Agreement provides for the aggregate supply of 240,000 dry metric tonnes of spodumene

concentrate over a three-year term commencing from the date of the first shipment, which is expected to be delivered in the 2026 calendar year.

Investors have reacted cautiously, possibly due to broad pressure on lithium prices, and ongoing regulatory uncertainty.

As a pure-play lithium producer, the company’s shares are closely tied with lithium prices. The metal’s price, according to Trading Economics, is down around 22% over the past month.

Market Index data shows that brokers are still bullish about the outlook for the ASX shares. The majority have a buy rating on the shares and the $13.05 average target price implies a potential upside of 162%, at the time of writing.

The post Brokers tip these 3 ASX shares to jump 72% to 162% 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 Catapult Sports. The Motley Fool Australia has positions in and has recommended Catapult Sports. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Shares in aspiring tin producer Elementos Ltd (ASX: ELT) are up almost exactly 100% over the past year, but the team at Shaw and Partners believes they have a way to go yet.

The broker has just issued a new research note on the company with a bullish share price target, which I’ll get to shortly.

First let’s have a look at what the company’s up to.

Spanish project is coming together

Elementos is developing its Oropesa project in Spain, where it currently waiting on the approval of its mining licence and its environmental approval.

Shaw and Partners said it expected the environmental approval to be granted in the next six to eight weeks, which would then trigger 30 days of public consultation.

 The broker added:

Once consultation commences, ELT will likely begin pre-final investment decision engineering studies, with Environmental permitting targeted by the end of Q1CY27 and the Mining Licence to follow after around four weeks of administration. We expect shovel-ready status by June CY27.

Elementos Chair Andy Greig said in the company’s recent annual report that the demand for its products would be high.

He said:

Tin’s importance as an essential technology metal has never been clearer. LME tin prices reached all-time highs in Q1 2026 and remained in the mid-US$50,000/t range for much of the year. Persistent global supply shocks and rising demand continue to validate the strategic theme on which Elementos’ strategy was founded.

Mr Greig said Oropesa had the potential to supply about 10% of Europe’s tin needs, and was one of few tin projects globally which was primed for development.

He added:

During the year, the Company significantly progressed the regulatory, commercial and funding work required to develop the Oropesa project. Importantly, our strategy now extends beyond concentrate production, with Elementos having executed a binding call option to acquire a 50% interest in Iberian Smelting SL, owner of the Robledollano tin smelter in Spain. This partnership establishes the foundations for a domestic mine-to-metal supply chain at a time when governments, manufacturers and investors are prioritising critical mineral security and resilience.

Elementos also owns the Cleveland project in Tasmania, which the company said contains substantial tin, copper and tungsten resources.

Shares looking cheap

Shaw and Partners said Elementos was rapidly derisking the Oropesa project and was strongly supported by the local government.

It has raised its share price target for the company from 65 cents to 70 cents, compared to 48 cents currently.

This would constitute an increase of 45.8% if achieved.

Elementos is valued at $210.4 million.

The post This small-cap ASX mining company could rise more than 45%, Shaw and Partners says 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.

The Guzman y Gomez Ltd (ASX: GYG) share price is in focus today after the company revealed an 18.8% jump in network sales to $387.5 million for the first quarter of FY27, with comparable sales up 7.1% and three new Australian restaurants opened.

What did Guzman y Gomez report?

• Q1 FY27 network sales climbed 18.8% to $387.5 million (Q1 FY26: $326.3 million)
• Comparable sales growth across the group reached 7.1% (Q1 FY26: 4.0%)
• Three new Australian restaurants opened, bringing the total to 258 in Australia and 286 globally
• 40 restaurants now trading 24/7, supporting daypart expansion
• Further enhancements to the GOMEX loyalty program and proprietary order management system

What else do investors need to know?

Guzman y Gomez made strong progress on strategic and operational initiatives, including new menu additions like Crispy Chicken Tenders and Honey Habanero Ranch sauce. The company also fully rolled out its new order management system across its Australian network, simplifying and digitising operations.

Digital engagement continues to rise, helped by improvements to the GOMEX loyalty program. Daypart expansion remains a focus, with increased restaurant trading hours and targeted growth in both lunch and dinner periods. GYG’s ongoing restaurant expansion was broad-based across formats and locations, underpinned by robust guest demand.

What’s next for Guzman y Gomez?

The company has reaffirmed its FY27 guidance, targeting mid-single digit comparable sales growth and underlying EBITDA margin expansion to 6.7–6.9%, up from 6.2% in FY26. GYG plans to open 35 net new Australian restaurants this financial year, with about 12 expected in Q2.

GYG is also extending its on-market share buyback program, with approval to purchase up to an additional $100 million of shares. The timing and volume of purchases depend on market conditions and ASX rules.

Guzman y Gomez share price snapshot

Over the past 12 months, Guzman Y Gomez shares have risen 3%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has declined 3% over the same period.

View Original Announcement

The post Guzman y Gomez in focus as Q1 FY27 sales jump 18.8% appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart 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. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.