Do you have $5,000 ready to invest, but don't know where to start? I've got some ideas.
Whether you're just starting your investment journey or adding to an existing portfolio, here are three ASX-listed stocks that could be worth your attention right now.
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Life360 Inc (ASX: 360)
The Life360 share price closed 1.45% lower on Tuesday, at $44.94 a piece. But the slide has done nothing to dampen the stock's success story over the past 19 months.
Over the past year, the share price has surged 137.78% higher, but in the 19 months since February 2024, that increase is a whopping 506.5%.
Life360 is an incredibly popular United States-based software development company that is dual-listed on the Nasdaq and the ASX.
Thanks to its business strength, Life360 has posted some impressive results. In its FY25 results, posted in mid-August, the company revealed a 36% year-on-year surge in revenue, and its EBITDA rocketed 85%. The ASX tech share lifted 13.7% within two days of the report.
The company has also been expanding its offering. It is set to introduce pet tracking features this year, followed by an elderly-focused solution in 2026—both of which could open up new revenue streams.
Analysts are positive on the undervalued AI stock. According to TradingView data, 8 out of 9 analysts have a buy or strong buy rating on Life360 shares and a max target price of $51.38. At the time of writing, that gives investors a potential upside of as high as 14.33% over the next 12 months.
Qantas Airways Ltd (ASX: QAN)
Aviation heavyweight Qantas Airways has dominated the Australian domestic aviation market for decades. And although Virgin Australia Holdings Ltd (ASX: VGN) is carving out its share of the market, and Koala Airlines announced it would re-enter the market, Qantas will continue to hold most of the cards for some time to come.
Qantas shares finished in the green at the close of the ASX on Tuesday, up 1.13% to $11.62 a piece. Over the year, the airline's shares are 69.14% higher.
And there's more to come, too. TradingView data shows that 10 out of 15 analysts hold a buy or a strong buy rating on the stock, with a max target price of $14.45. That's a potential upside of 24.35% at the time of writing.
Nick Scali Ltd (ASX: NCK)
The furniture retailer is another well-performing stock with potential for a strong upside ahead.
Nick Scali shares finished 1.08% lower at the close of the ASX on Tuesday, at $32.72 a piece. But over the past month, the share price has jumped 23.22% higher thanks to some strong financial results.
Over the longer term, the retailer's shares have performed even better. The share price is 56.57% higher than it was 12 months ago and a staggering 181.04% higher than 5 years ago. Those are some big figures!
Going forward, analysts are positive on the stock, albeit price growth is expected to slow from the huge gains we've seen recently. TradingView data shows that 6 out of 9 analysts have a buy or strong buy rating on the shares, and a max upside of $24.40, which represents a potential 2.87% upside at the time of writing.
Newmont Corp (ASX: NEM)
The American gold miner, with joint ventures in Australia, saw its share price climb higher on Tuesday. At the close of the ASX, it reached $116.10 per share, up 0.66% for the day.
What's even more impressive is that Newmont's share price has surged 69.54% over the past six months and 49.79% over the year.
Analysts see plenty of growth potential for the miner, too. Ord Minnett recently said some of its assets are running below optimum levels, but the right execution of investments could drive strong earnings growth.
TradingView data shows 16 out of 25 analysts have a buy or strong buy rating on the stock. The max target price for Newmont shares is $158.90, which represents a robust potential upside of 36.86% for investors at the time of writing.
Where will you put your $5,000?
