If you want to supercharge your investment portfolio, then it could be worth checking out these ASX shares in this article.
That's because they have been named as buys and tipped to deliver mouth-watering returns over the next 12 months. Here's what analysts are saying about them:
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Regal Partners Ltd (ASX: RPL)
This fund manager's shares could be undervalued according to analysts at Bell Potter.
It highlights that the ASX share has come under pressure since some significant selling from a former insider. However, rather than being concerned by the selling, it feels this has created an "excellent" buying opportunity. The broker commented:
RPL is performing well, generating strong net flows, strong investment returns, high fee income and benefitting from increased scale through acquisitions. The shares have been weak since the sell down of stock by Rob Luciano on 21 June. (10m shares sold at $3.22, a 9% discount). We feel this recent weakness offers an excellent opportunity to buy into an attractive growth story, with strong momentum and a widening shareholder base. Updating our model for the performance fees and FUM increases our FY24 EPS figure by 0.7% but reduces FY25 and FY26 by 2.3%.
Bell Potter has a buy rating and $4.75 price target on its shares. This implies potential upside of almost 40% from current levels.
Treasury Wine Estates Ltd (ASX: TWE)
Over at Goldman Sachs, its analysts see plenty of upside in this wine giant's shares.
The broker highlights that its shares are trading on lower than normal multiples. This is despite its very positive outlook thanks to acquisitions, the removal of Chinese tariffs, and the expansion of the Penfolds business. It said:
Our Buy rating on TWE is premised on accelerating double-digit EPS growth in FY24-27e driven by 1) continued global expansion of Penfolds, especially post the removal of China import tariffs on Australian wine; our recent channel checks suggest positive reception to the returning Australian sourced Penfolds and we expect a ~63pct pre-tariff recovery by 2027; and 2) its rank as the #1 luxury wine company in the US (most sales in luxury wine) with the recent acquisitions of Frank Family Vineyards (FFV) and DAOU which have been growth and margin accretive, combined with a stable portfolio of Premium Brands. TWE is trading modestly below the 5-year historical P/E average.
Goldman has a buy rating and $15.40 price target on its shares. This suggests that they could rise 26% from current levels.
WA1 Resources Ltd (ASX: WA1)
Analysts at Bell Potter also think that this niobium explorer could be an ASX share to buy if you have a high risk tolerance. This is thanks to its Luni niobium project, which is on track to be a globally significant project. The broker commented:
We see the potential for Luni to be a globally significant niobium project, capable of generating on average A$514m in annual EBITDA. Using Lynas as a comp, which trades on a 10.9x EV/EBITDA multiple, yields an enterprise value of A$5.6bn for WA1.
Bell Potter has a speculative buy rating and $28.00 price target on its shares. This implies potential upside of 32% for investors.
