S&P/ASX All Ords Index (ASX: XAO) shares rose by 7.11% and produced total returns, including dividends, of 10.56% last year.
The All Ords outperformed the benchmark S&P/ASX 200 Index (ASX: XJO), which rose 6.8% and gave a total return of 10.32%.
The All Ords' superior performance can be attributed to strongly rising small caps, as we discussed earlier in the week.
Looking ahead, here are three ASX All Ords shares that the experts are backing for growth in the new year.
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3 ASX All Ords shares buy-rated for 2026
Nuix Ltd (ASX: NXL)
This ASX All Ords tech share was the worst performer out of the 500 companies making up the index in 2025.
The Nuix share price crumbled 72% to finish 2025 at $1.80.
Moelis Australia is confident that the investigative analytics and intelligence software provider can bounce back in the new year.
Moelis said the current Nuix share price "undervalues the company" after the stock was oversold due to an underwhelming report.
The broker commented:
Nuix's share price has retraced significantly as recent operating performance fell below market expectations.
On our estimates the current price undervalues the company.
On Friday, Nuix shares are $1.86 apiece, down 1.5%.
The broker has a buy rating on Nuix shares with a 12-month price target of $3.37.
This implies a potential upside of 81% in the new year.
Myer Holdings Ltd (ASX: MYR)
ASX All Ords retail share Myer had a rough year in 2025.
The Myer share price fell 61% over the 12 months as consumer discretionary spending dropped, leading to a weaker profit.
Myer reported an underlying net profit of $37 million for FY25, down 30% on FY24, and a statutory net loss of $211 million due to a goodwill write-down for its new division, Apparel Brands.
Myer completed its purchase of Apparel Brands from Premier Investments Ltd (ASX: PMV) in January 2025.
Apparel Brands includes clothing labels Just Jeans, Jay Jays, Portmans, Dotti, and Jacqui E.
Myer bought the brands in exchange for 890.5 million new Myer shares, which were distributed to Premier Investments shareholders.
Morgan Stanley equity analyst Julia de Sterke thinks the Apparel Brands' integration and other factors will see Myer rebound this year.
On Friday, Myer shares are steady at 48 cents apiece.
The broker has a buy rating on Myer with a 12-month share price target of 69 cents.
This suggests a potential upside of 44% in 2026.
Hub24 Ltd (ASX: HUB)
This investment and superannuation platform provider had one of the best share price gains of the financials sector in 2025.
The Hub24 share price lifted 38% to finish the year at $96.25 per share.
Today, the Hub24 share price is $95.50, down 0.07%.
Bell Potter has a buy rating on Hub24 shares with a price target of $125.
This suggests a potential gain of 31% this year.
