Due to recent weakness in the tech sector, there are a number of ASX growth shares that are trading at just a fraction of what analysts think they are worth.
Two examples of this can be found in this article. Let's see why analysts at Bell Potter think these shares could skyrocket in 2026 and beyond. Here's what you need to know:
Image source: Getty Images
Catapult Sports Ltd (ASX: CAT)
The first ASX growth share that is being tipped to skyrocket is sports wearables and analytics solutions provider Catapult.
Bell Potter likes the company due to its strong position in a pro sports technology market that could be worth US$72 billion by the end of the decade. It said:
Catapult Sports is a leading global provider of elite athlete wearing tracking solutions and analytics for athlete tracking. 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 currently has a buy rating and $5.50 price target on its shares. Based on its current share price of $3.45, this implies potential upside of approximately 60% over the next 12 months.
Life360 Inc. (ASX: 360)
Another ASX growth share that could skyrocket according to Bell Potter is location technology company Life360.
While the broker recently trimmed its valuation to reflect a de-rating in tech valuations, it remains very positive on the company and continues to forecast strong revenue and earnings growth. It said:
We have reduced the multiples we apply in the EV/Revenue and EV/EBITDA valuations from 12x and 62.5x to 10x and 52.5x given the pull back in tech valuations over recent months. We have also increased the WACC we apply in the DCF from 8.3% to 8.5% which has been driven by an increase in the risk-free rate from 4.25% to 4.5%. The net result is a 14% decrease in our price target to $45.00 which is >15% premium to the share price so we maintain the BUY recommendation.
The next potential catalyst for the stock is the release of the 2025 result in early March where we expect strong 2026 guidance to be provided with, for instance, revenue growth expected to be >30% and adjusted EBITDA growth >40%.
Bell Potter currently has a buy rating and $41.50 price target on its shares. Based on its current share price of $23.16, this implies potential upside of approximately 80% for investors between now and this time next year.
