Some of my favourite ASX opportunities are businesses that have already proven themselves in Australia but still have enormous markets overseas to pursue.

If they can keep building their international presence, I think the three shares below could be considerably larger businesses in the years ahead.

Breville Group Ltd (ASX: BRG)

Breville has turned an Australian appliance brand into a global premium kitchen business.

Its products now compete in major markets around the world, particularly across coffee and food preparation.

I think coffee is one of the most interesting parts of the opportunity.

Consumers have become increasingly willing to spend money on better coffee at home, and Breville has built a strong reputation for machines that sit between basic household appliances and much more expensive professional equipment.

That gives the company room to keep attracting people who want to recreate the café experience at home.

Breville can also grow by entering more countries, expanding its product range, and encouraging existing customers to buy additional products over time.

One thing I like is that the company does not need to become the dominant appliance company everywhere. Winning a larger share of premium kitchen spending across a growing collection of markets could be enough to support many years of expansion.

Catapult Sports Ltd (ASX: CAT)

Catapult Sports operates in a growing part of the technology industry.

Its technology helps professional sporting organisations analyse athlete performance, video, tactics, and other information used by coaches and performance teams.

I think there is a strong long-term reason for clubs to spend more in this area.

Elite sport is enormously competitive. Even small improvements in player preparation, recruitment, injury management, or tactical decision-making can be valuable when teams are trying to gain an advantage.

Catapult can keep expanding by signing more organisations, adding more teams within existing customers, and encouraging those customers to use more of its software and technology.

The company has also broadened its offering through areas such as video analysis and athlete scouting.

For me, that creates the opportunity for Catapult to become increasingly embedded in how professional sporting organisations operate.

There are major leagues, clubs, universities, and sporting programs across the world, so I think the addressable market still gives the business plenty of room to run.

Megaport Ltd (ASX: MP1)

Megaport gives businesses a way to connect their networks directly to cloud providers, data centres, and other digital infrastructure.

I think that becomes more valuable as companies rely on a growing number of cloud services.

Artificial intelligence (AI) could create another source of demand for Megaport’s services.

AI workloads require enormous amounts of computing power and data to move between infrastructure. Businesses may need to connect to several cloud providers or specialised computing platforms rather than keeping everything in one place.

Megaport has also expanded into AI infrastructure through Latitude.sh, giving it exposure to customers looking for access to high-performance computing.

I like the broader idea here. As corporate IT infrastructure becomes more distributed, businesses need flexible ways to connect everything together. Megaport has built a global network specifically around solving that problem.

If cloud computing and AI infrastructure continue expanding, I think the amount of connectivity businesses require could grow substantially with them.

Foolish takeaway

I think Australian investors sometimes underestimate just how large the opportunity can become when an ASX-listed company succeeds internationally.

Breville, Catapult Sports, and Megaport already have businesses that extend well beyond Australia, but I think there is still plenty of territory left to capture.

I would be comfortable buying all three and giving their global ambitions years to play out.

The post 3 ASX shares I’d buy for their global growth potential appeared first on The Motley Fool Australia.

More reading

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• Why Megaport, Lendlease and JB Hi-Fi shares all crashed 14% to 15% this week
• 8 ASX shares just upgraded by the experts
• 3 ASX shares UBS says will return better than 36%

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 Megaport. 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.

Data centre and cloud computing businesses have been taking off over the past year as the AI revolution takes hold.

There are several Australian businesses positioning themselves to benefit from AI growth, some of which have already enjoyed impressive share price gains.

The brokers at UBS have released reports this week on companies they like in the sector.

Let’s see what they’re saying.

Goodman Group (ASX: GMG)

This company last week reported an operating profit of $2.67 billion for FY26, up 15.7% on the previous year, and said it was targeting earnings growth of 9% in the current financial year.

The company said:

The result reflects continued demand for Goodman’s urban locations and the growing contribution from data centre developments, where secured power, scarce land and customer and investment partner engagement are supporting a significant development pipeline.

Chief Executive Officer Greg Goodman said the strong operating result positioned the company well as a global provider of digital infrastructure.

He added:

Goodman has been active in data centres since 2005 and over the past five years, we’ve deliberately deepened our exposure to the sector by securing the sites, power and capital needed in major metro markets. Demand is structural across both logistics and data centres. Automation and robotics continue to drive logistics requirements while scarcity of power and land remains the key constraint on AI and cloud growth supporting data centre demand. Hyperscaler capex expectations continue to rise, with many customers facing undersupply into 2027 and 2028.

UBS said demand remained “incredibly strong”, with the company having a “compelling” offering.

UBS has a buy rating on the stock and a price target of $33.66 compared to $27.43 currently.

Megaport Ltd (ASX: MP1)

This cloud computing company last week announced FY26 revenue of $312.2 million, up 37%, while EBITDA was up 24% to $77.1 million.

Megaport Chief Executive Officer Michael Reid said:

Our team delivered an exceptional result in FY26. The Network business produced its strongest commercial performance to date, Latitude.sh expanded rapidly following acquisition, and our combined capabilities secured major long-term customer contracts across Compute, Network, and Storage. We have materially increased the scale of the business, broadened the markets we can serve, and created a much larger opportunity. Now our job is to execute against it.

UBS said the net outcome of the results report was “firmly in the positive” and estimated EBITDA of $624 million for Megaport in FY28.

The broker has a price target of $26.40 on Megaport shares, up from $24.20, compared to the current share price of $18.19.

The post Two ASX data centre stocks rated a buy appeared first on The Motley Fool Australia.

More reading

• 3 ASX shares I’d buy for their global growth potential
• 3 ASX shares I’d buy if I were a beginner today
• 2 ASX shares highly recommended to buy: Experts
• Top brokers name 3 ASX shares to buy next week
• Why Megaport, Lendlease and JB Hi-Fi shares all crashed 14% to 15% this week

Motley Fool contributor Cameron England has positions in Megaport. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goodman Group and Megaport. The Motley Fool Australia has recommended Goodman 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 0.3% higher at 9,086.1 points on Monday.

Let’s start the new week with some fresh ratings from the experts

CSL Ltd (ASX: CSL)

The CSL share price is $170.37, up 1.3% today and down 21% over 12 months. 

CSL shares soared 23% last week after the company released its FY26 results and provided a positive outlook.

The CSL share price has ripped 85% since the healthcare sector began its long-awaited rebound on 3 June.

Morgans has a buy rating on this ASX 200 healthcare giant.

Analyst Derek Jellinek said: 

The FY26 result was broadly in line with expectations, with revenue of US$15.8bn (+3% vs guidance) and underlying NPATA of US$3.1bn.

Importantly, underlying Ig demand remains strong, Seqirus delivered seasonal influenza growth despite lower US immunisation rates and transformation savings reached US$176m ahead of target, although Vifor continues to face challenges.

While FY27 targets flat top line growth, as Vifor remains a significant drag, the earnings trajectory is becoming increasingly skewed towards recovery, supported by stabilising plasma economics, cost-outs and improved commercial execution.

We make modest changes to FY27-28 estimates and increase our blended DCF, PE and EV/EBITDA-based target price to A$187.71 on a multiple roll forward.

BHP Group Ltd (ASX: BHP)

The BHP share price hit a new record high of $67.72, up 3.9%, in early trading on Monday.

BHP released its FY26 report last week, and following this, John Athanasiou from Red Leaf Securities gave the miner a hold rating.

Athanasiou said (courtesy The Bull):

The company posted attributable profit of $US9.8 billion in full year 2026, up 9 per cent on the prior corresponding period. Revenue of $US58.8 billion was up 15 per cent.

The company’s copper portfolio is positioned to benefit from electrification, renewable infrastructure, power grid investment and data centre growth.

However, BHP remains heavily exposed to iron ore, leaving earnings sensitive to Chinese demand and commodity price movements.

The quality of BHP’s asset base, balance sheet and diversified portfolio leaves existing shareholders with little reason to sell.

However, after a solid run, prospective investors may be better served waiting for a potentially more attractive entry point.

Westpac Banking Corp (ASX: WBC)

The Westpac share price is $33.60, down 0.7% today and down 12% over 12 months. 

Following Westpac’s 3Q FY26 update, Athanasiou put a sell rating on the ASX 200 bank share. 

He said: 

The bank remains well capitalised and continues to generate solid earnings, but the operating environment is becoming increasingly competitive.

Mortgage pricing is aggressive, deposit competition remains intense and the scope for sustained margin expansion appears limited.

Westpac’s dividend remains attractive, but investors should also consider opportunity cost.

We believe there are more compelling opportunities on the ASX, which offer stronger structural growth or more attractive valuations.

The post Buy, hold, sell: CSL, BHP, Westpac shares appeared first on The Motley Fool Australia.

More reading

• Are Westpac shares a buy at their new 52-week low?
• Could CSL shares really hit $200? Experts reveal their 12-month targets
• Experts name CBA and these ASX shares as sells today
• How much must I invest in BHP shares to earn a $1,000 passive income in 2027?
• How much do you need invested in ASX dividend shares to replace a $90,000 salary?

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 CSL. The Motley Fool Australia has recommended BHP Group and CSL. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.