ASX shares Echo IQ Ltd (ASX: EIQ) and Sunrise Energy Metals Ltd (ASX: SRL) have enjoyed big returns in 2026.
These ASX shares have risen by over 500% and 125% respectively since the start of the year.
This huge rise is difficult to ignore for growth investors, and experts have provided updated commentary on these soaring stocks.
Here is what brokers are saying.
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Volatility expected for Echo IQ
A new report from Bell Potter has included updated guidance on Echo IQ shares.
It is an ASX-listed medical technology company utilising proprietary, AI-driven software (the EchoSolv platform) to analyse echocardiographic data to aid clinicians in diagnosing serious conditions like aortic stenosis (AS) and left ventricular dysfunction more accurately.
Its share price has stormed higher in 2026 on the back of key US deals and AI development.
A note out of Bell Potter indicates it could experience some volatility moving forward.
Looking on the positive side, the broker said Echo IQ is making good progress by developing new products and securing long-term funding.
A major positive was partnering with Pro Medicus Ltd (ASX: PME), which gives credibility to its EchoSolv platform.
However, winning new hospital and radiology customers in the US will take time – likely years, not months.
Price target increased
Bell Potter has increased its price target to $1.75 per share (from $1.65).
The higher valuation reflects the stronger financial position after the capital raise.
However, the broker expects the share price to remain volatile because:
- Revenue growth is expected to be modest over the next two years.
- The company will continue to spend significant cash.
- The share price will likely move based on announcements of new customer wins.
The broker now has a speculative hold recommendation, and based on the updated price target, sees limited share price upside in the next 12 months.
Last week, these ASX shares closed trading at $1.65.
Sunrise Metals could keep rising
Sunrise Metals shares have also rocketed higher in 2026.
The company is focused on the development and application of ion-exchange technology for extracting valuable metals in the mining industry and for purifying and recycling wastewater.
Positive development updates have helped swing momentum to the positive side for these ASX materials shares.
According to analyst views via TradingView, this could continue.
These ASX shares closed last week trading at $17.75 per share.
The average analyst forecast indicates Sunrise Metals shares could hit $20.00 per share in the next 12 months.
From last week's closing price, this indicates a further 12% upside.
