Bell Potter says these ASX All ords shares can rise 15% to 35%

These shares could be destined to race higher according to its analysts.

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Are you on the hunt for big returns? If you are then it could be worth looking at the ASX All Ords shares listed below.

That's because they have just been named as buys by analysts at Bell Potter and tipped to rise 16% to 40%.

Here's what the broker is saying about these stocks:

Domain Holdings Australia Ltd (ASX: DHG)

Bell Potter was pleased with this property listings company's quarterly update. Particularly given that listings are improving after a difficult period. It said:

Observed sales and total Buy listings data points on respective residential listings platforms have affected a reversal since flattening in March. Trends into Q4 appear to support growing new Buy listings for DHG based on increased total Buy listings (89% from 86% in Feb) improving concurrently with total R1m sales (86% from 66% in Feb) relative to REA which potentially imply DHG listings are gaining against its competitor via new listings replenishing sold stock at a quicker rate.

In light of the above, the broker has lifted its earnings per share estimates and is now forecasting an "adj. EPS CAGR of ~26% b/w FY24-26."

Bell Potter has retained its buy rating and $3.75 price target on the ASX All Ords share. This implies a potential upside of 16% for investors.

Develop Global Ltd (ASX: DVP)

Another ASX All Ords share that has been given the thumbs up by Bell Potter on Wednesday is Develop Global.

It is a mineral exploration company with a focus on future-facing metals. In addition, it is a mining services provider that is currently working on the underground development of the Mt Marion Lithium Mine owned by Mineral Resources Ltd (ASX: MIN).

Bell Potter was reasonably pleased with a recent scoping study from the Pioneer Dome lithium project, noting that it "appears conservative." Which is always a good thing when valuing a project based on forecast commodity prices. It said:

We believe the Study applies conservative average LOM SC6 price forecasts of US$1,393/t. Long-term SC6 prices applied to our Pioneer Dome asset model are US$1,600/t, yielding an unrisked NPV(10.5% real) of A$273m. For context, using the Study price outlook in our model yields an unrisked NPV(10.5% real) of A$215m.

Outside this, the broker believes the company is well placed for growth thanks to the development of another project, the Woodlawn Zinc-Copper Mine. It said:

DVP are advancing multiple critical mineral projects simultaneously, with each development representing an opportunity to transform the company's earnings and FCF generation. The most advanced of these projects, Woodlawn, is expected to recommence production in 1H CY25; FID and announcement of a financing package are important upcoming catalysts.

Bell Potter has a buy rating and a $3.20 price target on the ASX All Ords share. This implies a potential upside of 36% for investors.

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 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.

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