ASX shares have been under pressure this week amid escalating conflict in the Middle East, rising oil prices, and concerns about how weaker commodity prices will affect miners.
But periods of uncertainty are a great time to focus on investment opportunities that have strong growth potential.
Here are four ASX shares that brokers rate as strong buys, with potential upside of up to 109%.
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Life360 Inc (ASX: 360)
Life360 shares have softened in July after rebounding around 55% from an annual low. They're still another 55% below an all-time high set in October last year, however. The ASX shares were caught up in a tech-sector-wide sell-off over the past nine months, as investors sold their tech shares amid growing fears that companies' core services could be replaced by AI. But I think they're now oversold and there is huge growth potential ahead. The company reported a 38% increase in total revenue in its latest quarterly results in mid-May. This was primarily driven by a 32% increase in subscription revenue and 36% increase in core subscription revenue. Life360 also upgraded FY26 guidance for its revenue and adjusted EBITDA. Market Index data shows brokers rate Life360 shares as a strong buy. They tip a 27% upside to an average $32.01 target price, at the time of writing.
Catalyst Metals Ltd (ASX: CYL)
It's been a volatile year for this ASX gold producer this year, with its share price ranging anywhere between a low of $4.71 and a high of $9.80 over the past 12 months. Its share price spiked to an all-time high in January after it announced a significant new high-grade discovery at its Plutonic Gold Belt. But it has now lost around 42% of its value, mostly thanks to a significant increase in mining costs and a weaker gold price after a strong run late last year. Global instability has also led many investors to sell their gold shares and rotate into larger, more stable assets in 2026. But I like that Catalyst Metals has shown a long period of operational consistency and organic growth. The miner expects production to increase towards the latter half of FY26 as well. Analysts rate the ASX shares as a strong buy and tip an average target price of $9.58. That implies a potential 71% upside at the time of writing.
WiseTech Global Ltd (ASX: WTC)
WiseTech is another ASX tech stock that has been swept up in the tech-sector-wide sell-off this year. The company also recently faced headwinds following media reports that the Australian Federal Police is investigating founder Richard White over alleged trafficking matters. The company responded and said that the alleged investigation relates to Richard White in a personal capacity. It added that there is no suggestion in this media commentary of an investigation into WiseTech. But it didn't stop investors rushing for the exit. I still see WiseTech as having a strong competitive advantage in the global logistics industry. And I think the company's future hinges primarily on its FY26 results. If WiseTech manages to reach or exceed its upgraded guidance, I think we'll see a turnaround in the share price. Market Index shows that the majority of brokers (seven out of eight) have a buy rating on the shares. The average $72.84 target price implies a potential 109% upside over the next 12 months, at the time of writing.
Predictive Discovery Ltd (ASX: PDI)
Gold miner Predictive Discovery also faced headwinds this year. Including higher mining costs, weaker gold prices, and an overall investor rotation away from ASX gold shares into larger, more stable assets. After a rally late last year, however, the gold miner's shares have performed strongly. They're now 54% higher than 12 months ago. Its production numbers are expected to increase in the latter half of the year, too, with the miner actively developing gold deposits in Guinea's Siguiri Basin. Market Index data shows brokers agree to a strong buy rating on the ASX shares. The maximum target price is $1.35 per share, which implies a potential 106% upside at the time of writing.
