S&P/ASX All Ords Index (ASX: XAO) shares rose 2.71% in August and touched a new record high of 9,322.1 points.
The ASX All Ords had a rough day on Tuesday, falling 0.31% to close at 9,168 points.
Last month, several ASX All Ords shares received upgraded consensus ratings from analysts on the CommSec platform.
All of these stocks now have a consensus strong buy rating.
Let's check them out.
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4 ASX All Ords shares elevated to strong buy ratings
Telix Pharmaceuticals Ltd (ASX: TLX)
The Telix Pharmaceuticals share price finished the session on Tuesday at $14.31, down 4%.
The ASX All Ords healthcare share has fallen 51% over the past six months.
During the August earnings season, Telix reported a 63% surge in revenue to US$390.4 million for 1H FY25.
Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) was $21.1 million, down from US$37.1 million in 1H FY24.
Bell Potter is among the brokers with a buy rating on this ASX All Ords healthcare share.
The broker's 12-month price target is $23, suggesting a potential 60% upside from here.
Droneshield Ltd (ASX: DRO)
The Droneshield share price closed at $3.09, down 4.6% yesterday.
This ASX All Ords defence share has risen 296% over the past six months.
Droneshield reported a 210% revenue surge to $72.3 million and a net profit after tax (NPAT) of $2.1 million for 1H FY25.
Bell Potter retained its buy rating with a slightly reduced price target of $3.70.
This implies a potential 20% upside from here.
Ora Banda Mining Ltd (ASX: OBM)
The Ora Banda share price closed at 91 cents, up 1.11%, yesterday.
This ASX All Ords gold share has slipped 1.1% over the past six months.
The junior miner reported record revenue of $404.3 million and a huge 575% lift in net profit to $186.1 million in FY25.
Macquarie has an outperform rating on this gold stock with a 12-month price target of 95 cents.
Electro Optic Systems Holdings Ltd (ASX: EOS)
The Electro Optic Systems share price finished yesterday's session at $6.18, up 6.4%.
This ASX All Ords defence share has streaked 452% higher over the past six months.
Electro Optic Systems reported a 67% decline in revenue to $47.4 million and a $46.8 million net profit for 1H FY25.
Bell Potter has raised its 12-month price target from $5 to $5.70 and maintains its buy rating.
This implies the stock has overshot its fundamental value for now.
