Experts are always on the lookout for ASX shares that could produce strong returns. We're going to look at two names that could outperform the S&P/ASX 200 Index (ASX: XJO).
It's interesting when one analyst likes a business, it's very intriguing when multiple analysts think an ASX share is a buy.
Below are two of the most potentially exciting stocks with multiple buy ratings.
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Goodman Group (ASX: GMG)
Goodman is the largest property business on the ASX – it develops, owns and manages a global portfolio of industrial properties.
According to the Commsec collation of analyst opinions, there are currently 12 buy ratings, two hold ratings and no sell ratings on the business. There are very few ASX shares that have as much analyst backing as Goodman right now.
Goodman is working on a very impressive development pipeline that could significantly add to its underlying value.
In the quarterly update for the three months to 31 March 2026, Goodman said that its work in progress (WIP) was $14.5 billion, with an annualised production rate of around $6 billion. The yield on cost on the current WIP is 8%.
Data centres under construction represent around 73% of WIP, so the business is looking to benefit from that high demand for new data centre facilities.
The rental performance of its property portfolio continues to perform solidly. Its third-quarter update revealed 4.1% like-for-like net property income (NPI) growth.
Guzman Y Gomez Ltd (ASX: GYG)
Another ASX share with strong backing is Guzman Y Gomez, one of Australia's largest Mexican food businesses.
At 31 March 2026, the business had 242 locations in Australia (of which 155 were franchise restaurants), 23 locations in Singapore and five in Japan – this represented an increase of at least 14% year over year for each market.
The Commsec collation of analyst opinions shows there are currently 10 buy ratings on the business, with two hold ratings and two sell ratings.
The Guzman Y Gomez share price is much cheaper than it was a year ago – it's 25% lower. Yet, the company continues to grow strongly. In the third quarter of FY26, Australian network sales grew by 19.7% to $320.4 million, and Asian network sales increased 15% to $21.5 million, with those markets delivering combined comparable sales growth of 6.6%.
The ASX share expects the Australian and Asian divisions to deliver year-over-year growth in underlying operating profit (EBITDA) of approximately 29%.
Over time, the company expects to reach 1,000 Australian restaurants and segment underlying EBITDA as a percentage of network sales of 10%. This could increase the value of the business significantly in the coming years.
