If you have a spare $10,000 and aren't sure where to invest it, here are the ASX shares I'm currently watching.
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CSL (ASX: CSL)
After suffering a brutal sell-off in late August and again in late October when the company downgraded its FY26 revenue and profit growth guidance, I think the worst is now over for CSL shares.
Since the latest price plunge, CSL shares have climbed just over 6.5%. The share price is 0.08% higher at $182.45 at the time of writing this morning, and I'm optimistic that this signals that investor sentiment is now turning more positive. It could mean we're going to see green shoots of recovery for the ASX biotech company's shares.
CSL shares were the fifth most-traded by CommSec clients last week, over half of which was buying activity. If investor interest begins to pick up, it could mean that the share price does too.
Data shows the majority of analysts have a buy rating on the shares with a target price as high as $278.05. That implies a potential 52.44% upside at the time of writing.
Electro Optic Systems Holdings Ltd (ASX: EOS)
For exposure to the booming defence market, I'd look no further than EOS shares. The Australian company, which develops and produces advanced electro-optic technologies and is focused on the defence space, is well placed to benefit from demand arising from ongoing geopolitical uncertainty.
At the time of writing, the shares are up 2.24% at $4.56 each. Analysts are very bullish about the shares too, and all hold a strong buy rating. The maximum target price is $11.18, implying that the stock could surge by a substantial 143% over the next 12 months, at the time of writing.
WiseTech Global Ltd (ASX: WTC)
In the tech space, I have my money on WiseTech shares in 2026. Despite a market sell-off of tech shares in late November, the company has previously demonstrated resilience and growth through economic cycles. It's also well-positioned to benefit from increased interest trends like automation and cloud computing.
I think this current low price presents a fantastic buying opportunity for investors.
At the time of writing, the shares are 4.35% higher at $75.74 a piece. The data shows that analysts are also bullish on the ASX tech company's shares. Out of 18 analysts, 14 have a buy or strong buy rating, with a maximum target price of $177.31. That implies the shares could storm 134.19% higher.
Woolworths Group Ltd (ASX: WOW)
When it comes to building passive income, Woolworths is high on my list. The company offers reliable dividend payments supported by defensive earnings, strong cash flow, and a dominant position in the Australian retail market.
The shares are trading 0.37% lower at the time of writing on Thursday morning at $29.31. Over the year, the shares are still down 2.23% thanks to a sharp sell-off after the company posted a disappointing FY25 result. Although the supermarket giant's first-quarter sales update in late October provided some relief to investors.
The supermarket giant is well-placed to recover over FY26, and I think there is a good opportunity to buy the shares ahead of its resurgence. Data shows that analyst sentiment is also turning. Out of 17 investors, 7 have a buy or strong buy rating on the shares with a maximum price target of $33. This implies a potential 12.51% upside for investors over the next 12 months, at the time of writing.
Bell Potter, which is one of the brokers with a buy rating on the stock, expects the company to pay fully franked dividends of 91 cents per share in FY26 and then 100 cents per share in FY27.
