If you have $10,000 ready to invest, finding high-quality businesses trading at very attractive prices can be a smart strategy.
While the broader market has been volatile recently, some ASX companies now look undervalued relative to their long-term potential. That could create opportunities for investors willing to look beyond short-term market movements.
Here are three ASX shares that could be worth considering right now.
Aristocrat Leisure Ltd (ASX: ALL)
The Aristocrat share price is currently $45.56, down 1.96% today and sitting well below its levels from last year.
Aristocrat is one of the world's leading gaming technology companies. The business supplies slot machines and digital gaming content to casinos across the globe and has also built a growing presence in online gaming.
Despite the recent weakness in the share price, the company's underlying performance remains strong.
Recent broker updates suggest the market may be underestimating the company's long-term growth potential. Macquarie sees a price target of around $63, implying potential upside of roughly 40% from current levels.
If the company continues executing well, Aristocrat could still have plenty of upside left.
Bellevue Gold Ltd (ASX: BGL)
The Bellevue share price is currently $1.73, up 1.77% today.
Bellevue is a Western Australian gold producer centred around its Bellevue Gold Project. The company has attracted strong investor interest over the past year as it moves toward full-scale production.
Gold producers can benefit during periods of economic uncertainty, as investors often turn to precious metals as a defensive store of value.
Analysts remain optimistic about Bellevue's outlook. Macquarie recently raised its price target by 11% to $2, implying potential upside of roughly 16% from current levels.
If gold prices stay strong and production ramps up as planned, Bellevue could deliver strong growth from here.
Coles Group Ltd (ASX: COL)
The Coles share price is currently $20.47, down 0.10% today.
Coles operates one of Australia's largest supermarket networks and remains a key player in the country's grocery sector. Because food and household essentials are everyday purchases, supermarket businesses tend to be relatively defensive during uncertain economic periods.
The company recently reported its FY26 half-year result, with earnings broadly in line with expectations despite ongoing competition and cost pressures across the retail sector.
Several brokers remain positive on the stock. Analysts currently have an average price target of around $23.03, suggesting potential upside of roughly 12% from current levels.
Coles also offers a dividend yield of around 3.6%, providing investors with reliable income alongside potential share price growth.
Foolish takeaway
While no investment is risk free, these 3 companies operate in industries with strong long-term demand.
Aristocrat is trading well below previous highs, Bellevue is benefiting from elevated gold prices, and Coles offers defensive earnings.
That combination could make these shares worth considering for investors putting $10,000 to work today.
