Australian shares have come under pressure this week amid concerns about rising inflation and interest rates, spooking investors. The S&P/ASX All Ordinaries Index (ASX: XAO) is down another 0.44% at the time of writing on Thursday morning, continuing on seven consecutive days of index declines.
But here are two ASX All Ords shares bucking the trend and travelling in the other direction. And they're both tipped to climb over 70% higher over the next 12 months, too.
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Megaport Ltd (ASX: MP1)
Megaport shares are up 3.42% at the time of writing, to $9.37. The shares have rebounded 40% from an annual low of $6.71 earlier this month, sparking signs of a continued recovery.
There is still a long way to go, though. The ASX All Ords shares are still 24% lower year to date and down 18% from this time last year.
Megaport was caught up in the sector-wide sell-off of technology stocks in late 2025 and early 2026.
At the time, many investors were also concerned that AI could disrupt traditional software models. There was also concern that AI tools might replace or reduce demand for subscription-based software.
The beaten-down tech stock was also battered by high investor expectations and heavy acquisition spending, which raised concerns about near-term costs and profits.
But long-term drivers of AI and tech-sector growth haven't gone away. Technology is rapidly advancing, and businesses are investing in AI more than ever before. It looks like investors are finally coming around to the idea that AI adoption could benefit technology development.
According to Market Index data, brokers have a strong buy rating on the ASX All Ords shares and tip a 68% upside to $15.74 over the next 12 months.
Catapult Sports Ltd (ASX: CAT)
Catapult shares are up 1.56% at the time of writing to $3.26 per share. It's a step in the right direction and good news for investors. The shares have shed 56% of their value since peaking at an all-time high in late October.
The ASX All Ords shares are still down 24% year to date and 20% lower than this time 12 months ago.
The company posted its half-year results shortly after spiking to an all-time high, reporting a 50% jump in operating profit. It looks like the result came in below expectations, though, and investors rushed to sell up their stake in the company.
Shortly after, the global sports data company was caught up in the tech-sector-wide sell-off, which pushed its share price further south.
It was also removed from the S&P/ASX 200 Index (ASX: XJO) as part of a quarterly rebalance in March.
It looks like sentiment shifted last month after its trading update revealed a 27% to 28% expected increase in its closing annual contract value (ACV) for FY26 and a predicted 50% year-on-year increase in EBITDA.
It's clear that Catapult is quickly gaining traction, in part thanks to its recurring subscriptions and strong customer retention.
Brokers have a strong buy rating on the stock. They also tip a 72.38% upside to an average price target of $5.64 over the next 12 months.
