Do you have room in your portfolio for some new additions? If you do, it could be worth checking out the ASX shares named below that have been identified as best buys by analysts at Bell Potter.
The broker believes they could rise in the region of 13% to 60% from current levels, which arguably makes them well worth a closer look. Here's what you need to know about them:
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Catapult Sports Ltd (ASX: CAT)
Sports technology company Catapult could be an ASX share to buy according to Bell Potter.
Its analysts highlight that the company has exposure to a pro sports technology market that is expected to double in size between 2025 and 2030. They said:
The key target market of Catapult is elite sporting teams and organisations and the acquisition of SBG also now gives the company a presence in motorsports. The pro sports technology market is currently valued at US$36bn in 2025 and is forecast to double to US$72bn by 2030.
We view CAT as a market leader entering a stronger phase of cash generation and operating leverage, with an underpenetrated global customer base and expanding analytics suite providing a long runway for subscription growth and valuation upside.
Bell Potter has a buy rating and $6.50 price target on its shares. This implies potential upside of almost 60% for investors over the next 12 months.
Nick Scali Limited (ASX: NCK)
Another ASX share that could be a best buy according to Bell Potter is furniture retailer Nick Scali.
The broker likes Nick Scali due to its expansion opportunity in the United Kingdom. Commenting on the company, Bell Potter said:
Nick Scali is an Australian retailer specialising in household furniture and related accessories, operating under the core Nick Scali brand as well as the Plush banner. >90% of sales are completed in-store, with the company maintaining a substantial physical presence with over 100 showrooms across Australia and New Zealand, and has recently expanded into the UK, which now contributes around 8% of total revenue.
Looking ahead, the key growth drivers include the continued roll-out of Nick Scali stores in the UK, supported by the refurbishment of acquired Fabb locations, and the ability to leverage the group's established supply base to drive scale efficiencies and margin expansion.
Bell Potter has a buy rating and $27.00 price target on its shares. This suggests that upside of 13% is possible for investors between now and this time next year.
