Are you hunting big returns for your portfolio? If you are, then it could be worth checking out the ASX shares in this article.
That's because they have been named as buys by analysts and tipped to rise 30%+ over the next 12 months.
Here's what you need to know about them:
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DroneShield Ltd (ASX: DRO)
The first ASX share that has been tipped to rally higher from here is counter drone technology company DroneShield.
Bell Potter has been impressed with the company's strong start to FY 2025 after a softer than expected performance last year. It said:
Whilst DroneShield's performance over the last 12-months did not meet expectations, the near-term outlook is considerably more positive. The value of contracts received YTD (~$47.8m) is evidence of increased levels of customer activity and DRO is well placed to meet this demand having materially increased the scale of its operations and heavily invested in its inventory levels. We retain our BUY recommendation.
Bell Potter has a buy rating and $1.10 price target on its shares. This suggests that its shares could rise 64% over the next 12 months.
Karoon Energy Ltd (ASX: KAR)
This energy producer could be an ASX share to buy now according to analysts at Goldman Sachs.
It was impressed with its quarterly update last week and feels that its strong performance is not being reflected in its share price. The broker said:
Attractive valuation: KAR is trading at a ~35% discount to our risked NAV, which we feel does not reflect the value of producing assets and the potential Neon development, where our unrisked NAV including 100% of Neon is A$3.34/sh.
Goldman has put a buy rating and $2.08 price target on its shares. Based on its current share price of $1.58, this implies potential upside of 32% for investors.
Pilbara Minerals Ltd (ASX: PLS)
A final ASX share that could deliver big returns in 2025 is lithium giant Pilbara Minerals.
That's the view of analysts at Bell Potter, which believe it is worth sticking with the company in a difficult FY 2025. Especially given the broker's belief that lithium prices will improve meaningfully in the near future. It said:
PLS operates a low-cost asset in a tier one jurisdiction, is diversifying through the lithium value chain, and provides a clean exposure to global lithium fundamentals and sentiment. While we expect lithium prices to remain volatile, we hold a robust EV-demand driven long-term market outlook. We believe higher prices are required to incentivise new sources of supply to moderate our forecast market shortfalls from 2026-27.
Bell Potter has a buy rating and $3.00 price target on its shares. This suggests that its shares could rise 30% from where they currently trade.
