2 ASX shares tipped to grow 90% or more in the next 12 months!

These stocks have the potential to deliver major returns!

When one expert thinks an ASX share is a buy, then it's interesting. When multiple brokers think a business is a buy, then that's very intriguing.

It's rare for a stock to return more than 50% in a year. We're going to look at two ASX shares that could return of almost double that, according to experts.

So, with that in mind, the below two ASX shares are among ones that multiple brokers are very positive about.

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Baby Bunting Group Ltd (ASX: BBN)

According to CMC Invest, there are currently five buy ratings on the business and one hold rating.

A price target is where analysts think the share price will be in 12 months from the time the investment analyst made the call.

According to CMC Invest, the average price target of those six ratings is $2.90. At the time of writing, that suggests a possible rise of 97%.

The earnings projection for FY26 suggests potential earnings per share (EPS) of 12.8 cents, which means it's valued at 11x FY26's estimated earnings.

Its financials are clearly performing well, with the FY26 half-year result showing strong progress.

HY26 total sales grew 6.7% to $271.4 million, the gross profit margin improved 124 points (1.24%) to 41% and underlying net profit after tax (NPAT) surged 44% to $7.2 million.

One of the main positives of the business right now its comparable store sales growth, which is expected by management to be between 5% to 7% in FY26. That's a strong earnings tailwind.

With the HY6 result, it narrowed its full-year pro forma net profit guidance to between $17.5 million to $19.5 million, compared to $17 million to $20 million previously.

Temple & Webster Group Ltd (ASX: TPW)

The other ASX share I'll highlight is Temple & Webster, the online retailer of furniture, homewares and home improvement products.

According to CMC Invest, there are currently eight buy ratings on the business and three holds. Of those ratings, the average price target is $12.15, implying a possible rise of 110% from where it is at the time of writing.

The company continues to grow at a fast pace – during the FY26 half-year period, revenue jumped 19.8% to $375.9 million and operating profit (EBITDA) before its New Zealand investment grew by 13% to $14.9 million.

The expansion into New Zealand is one of the more exciting developments by the business in recent times because it opens up another growth avenue for the company.

In the long-term, the ASX share is expecting to grow its profit margins significantly thanks to scale benefits, even if that means low profit margins in the short-term to help market share growth.

Its strong revenue growth continued into the second half of FY26, with revenue rising 20% year-over-year between 1 January to 9 February 2026 thanks to an acceleration of new customer growth and continued growth of repeat customers.

According to the projection on CMC Invest, the Temple & Webster share price is valued at 35x FY27's estimated earnings. The outlook seems very positive if online shopping adoption continues, which I expect it will.

Motley Fool contributor Tristan Harrison has positions in Temple & Webster Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Temple & Webster Group. The Motley Fool Australia has recommended Temple & Webster Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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