With the All Ordinaries Index (ASX: XAO) up 8.6% over the past 12 months, we turn our attention to three ASX shares that top brokers expect could gain far more over the 12 months ahead.
One is an investment holding company.
Another is a leading miner with a strong focus on copper.
And the third specialises in home fragrance products.
And if these brokers have it right, the ASX shares could post gains of 10%, 25% and more than 53% in the year ahead.
Which stocks are we talking about?
Read on!
(Broker data courtesy of The Australian.)
Three ASX shares upgraded by brokers
The first ASX share tipped for sizeable outperformance in FY 2025 is investment holding company Duratec Ltd (ASX: DUR).
Duratec shares are down 1.6% in afternoon trade on Friday, currently at $1.22. That sees the Duratec share price down 2.8% in 12 months.
But Bell Potter believes the next 12 months should be much rosier for the company.
The broker started Duratec at a buy rating with a $1.52 price target. That's almost 25% above current levels.
The second stock receiving a broker upgrade is S&P/ASX 200 Index (ASX: XJO) mining share Sandfire Resources Ltd (ASX: SFR).
The Sandfire share price is down 5.3% today at $8.17. But longer-term investors should still be sitting pretty, with shares up 36.4% in a year.
And Jarden Securities sees even more upside ahead. The broker raised Sandfire Resources to an overweight rating with a $9.00 price target. That represents a potential upside of more than 10% from current levels.
Which brings us to the third ASX share tipped for some sizeable outperformance, home fragrance product retailer Dusk Group Ltd (ASX: DSK).
Dusk shares are also joining in the broader market sell-off today, down 2.6% at 75 cents apiece. That sees the Dusk share price down 39.9% since this time last year.
But if Canaccord analyst Allan Franklin has it right, the next year will be a whole different story.
Pointing to second half sales growth improvement, spurred by Dusk's stronger online performance, Franklin sees a big turnaround ahead. He has a buy rating on the stock with a $1.15 price target. That's more than 53% above the current share price.
Foolish takeaway
While each of these ASX shares could return some market beating gains in FY 2025, always be sure to do your own research before investing any of your hard-earned money.
If you don't have the time for that, reach out for some expert advice.
