The All Ordinaries Index (ASX: XAO) could get an extra lift over the months ahead from two ASX All Ords shares top brokers just forecast to deliver some hefty gains.
One is an online travel company that is tipped for gains of more than 44%.
The other is a vehicle fleet leasing and management company that could soar 17% from current levels.
Which promising ASX All Ords shares are we talking about?
Read on!
(Broker data courtesy of The Australian.)
Image source: Getty Images
Two promising ASX All Ords shares
The first ASX All Ords share tipped for some seriously outsized gains is online travel agency business Webjet Group Ltd (ASX: WJL).
As you're likely aware, Webjet was recently spun off from Web Travel Group Ltd (ASX: WEB). Webjet began trading as an independent entity on 23 September.
Webjet shares are up 1.1% in morning trade today, changing hands for 90 cents apiece.
That puts shares up 12.5% from the closing price on its first day of trading.
And RBC sees a lot more potential gains on offer for this ASX All Ords share.
The broker started Webjet at an outperform rating with a $1.30 price target on its shares. That represents a potential upside of more than 44% from current levels.
Webjet hasn't released any price-sensitive news since listing. But we won't have to wait long for those first results.
Webjet is hosting a webcast briefing tomorrow, 20 November. Managing director Katrina Barry and CFO Layton Shannos are scheduled to review the company's half-year results and outlook into 2025.
Which brings us to the second ASX All Ords shares tipped for some solid gains, Fleetpartners Group Ltd (ASX: FPR).
Shares in the vehicle fleet leasing and management company are up 0.7% at the time of writing, trading for $3.12 each. That puts the share price up 13% over 12 months.
And Macquarie thinks the year ahead will bring more gains for shareholders.
The broker raised Fleetpartners to an outperform rating with a $3.65 price target. This represents a potential upside of 17% from current levels.
Fleetpartners reported its full-year results yesterday.
Investors were clearly pleased, sending the ASX All Ords share up 4.7% by the closing bell.
Highlights from the 12 months included a 21% year on year increase in new business writing to $924 million, and record assets under management or financed of $2.3 billion.
Net profit after tax (excluding amortisation) declined 1% from FY 2023 to $87.7 million impacted by a 6% increase in the company's operating expenses.
The ASX All Ords share also may have gotten a boost with the announcement of a new first-half 2025 share buyback of up to $30 million.
