Want to invest in ASX shares in 2026 but aren't sure where to start? Don't worry because analysts at Bell Potter have named a number of shares that they believe are top buys for 2026.
Here are three that the broker is bullish on for next year:
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Bega Cheese Ltd (ASX: BGA)
This diversified food company could be an ASX share to buy for 2026 according to Bell Potter.
It has a buy rating and $7.00 price target on its shares. Based on its current share price of $6.01, this implies potential upside of 16% for investors over the next 12 months.
The broker likes the Vegemite owner due to its very positive growth outlook. It explains:
Following recent restructuring announcements, with regard to the closure of Strathmerton and winding down of the PCA operations, there appears a clear pathway towards a $250-270m EBITDA target. If successful in generating this return and having consideration for the cash costs to achieve this target (c$85- 100m), it would imply a share price of $8.00-9.00ps (at BGA's historical ~12x EBITDA multiple). In effect, BGA now has a clearly articulated strategy to generating >20% p.a. EPS growth to FY28e. Trading on a FY25-28e PEG ratio of ~1x, BGA is one of the more compelling growth exposures in the sector.
CAR Group Limited (ASX: CAR)
Another ASX share that the broker is positive on its auto listings giant CAR Group.
Bell Potter has a buy rating and $42.20 price target on CAR Group's shares. This implies potential upside of 38% for investors from current levels.
It highlights that its shares are trading on lower than normal multiples, which it believes is a buying opportunity for investors. It said:
CAR is trading around two-year lows at a P/E of ~28x, despite a defined product rollout map to drive value from its market-leading networks in its large, addressable markets, which includes C2C payments, pay-per-lead model, regional expansion and scope to develop market-based legacy advertising practices, underpinning a steady growth profile in our forecast EPS through FY26e-FY28e.
Harvey Norman Holdings Ltd (ASX: HVN)
A final ASX share that the broker is bullish on for 2026 is retail giant Harvey Norman.
Bell Potter has a buy rating and $8.30 price target on its shares, which implies potential upside of approximately 18% for investors over the next 12 months.
The broker believes that Harvey Norman's shares are still good value despite rising strongly in 2025. It explains:
Despite the strong re-rate in the name, HVN trades at ~2.0x market capitalisation to freehold property value as Australia's single largest owner in large format retail with a global portfolio surpassing $4.5b and collectively owning ~40% of their stores (franchised in Australia and company operated offshore). This sees our view that of the 1-year forward ~19x P/E multiple as justified considering the multiple catalysts near/mid-term.
