Investors with a high tolerance for risk might want to check out the speculative ASX stock in this article.
That's because the team at Bell Potter sees potential for it to deliver huge returns for investors over the next 12 months.
Which speculative ASX stock?
The stock that Bell Potter is tipping as a high risk buy to clients is Titomic Ltd (ASX: TTT).
It owns a proprietary cold spray technology which has applications in metal coating and repairs, and additive manufacturing (AM).
Bell Potter highlights that the ASX stock has developed portable low- to medium-pressure systems which apply metal coatings for equipment repairs and corrosion prevention. Its high-pressure systems are now being applied to AM of specialty alloy components, with a focus on defence and aerospace markets.
Commenting on its market opportunity, Bell Potter said:
The defence, aerospace and natural resources sectors are key markets for TTT's technology. TTT has several qualification processes and commercial engagements underway with major defence sector prime contractors (Boeing, Northrop Grumman) aiming to apply the technology to AM in aerospace and military settings. The technology brings the typical AM advantages (speed to market, reduced waste) and is particularly suited for large, hollow components when compared with other 3D printing methodologies.
The company also has engagements directly with defence (Royal Netherlands Army) and oil and gas (Woodside (WDS, not rated)/Monadelphous (MND, Hold TP$16.20/sh)) groups for in-field/onsite repairs and maintenance. In June 2025, TTT opened a new US headquarters in Alabama, which along with building a Board and management team with significant experience across the defence and aerospace sectors, highlights the company's focus on the growing US market.
Big return potential
This morning, Bell Potter has initiated coverage on the ASX stock with a speculative buy rating and 50 cents price target.
Based on its current share price of 30 cents, this implies potential upside of approximately 67% for investors over the next 12 months.
Commenting on its speculative buy rating, the broker concludes:
TTT provides leverage to the emerging application of its cold spray technology in AM for defence, aerospace and natural resources markets. US defence spending is at a cyclical low and is expected to lift over the coming decade. NATO members have recently announced increased spending commitments. TTT's US pivot and management with deep defence sector experience should see the company capitalise on growing defence spending globally. We expect news flow relating to TTT's participation in US defence programs, new commercial agreements and non-dilutive government-backed funding.
