S&P/ASX All Ords Index (ASX: XAO) shares are in the red, down 0.2% on Tuesday.
Meantime, brokers have identified some stocks they think are good buys for the new financial year.
Let's check them out.
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ASX shares raised to strong buy status for FY27
The following stocks have been recently upgraded to 'strong buy' consensus ratings among analysts on the CommSec platform.
A consensus rating is the average rating based on the opinions of multiple analysts.
4DMedical Ltd (ASX: 4DX)
The 4DMedical share price is $3.17, down 3.2% on Tuesday.
This ASX All Ords healthcare share soared 1,244% over the past 12 months.
Philippe Bui from Medallion Financial Group has a buy rating on 4DMedical shares.
He commented this week (courtesy The Bull):
The company is well capitalised and we remain content holders at current levels given several potentially positive catalysts.
Droneshield Ltd (ASX: DRO)
The Droneshield share price is $1.78, down 14% today.
The ASX All Ords industrials stock has lost 40% of its value over 12 months.
Canaccord Genuity is among the brokers with a buy recommendation on this defence company.
The broker has a price target of $3.75, implying a potential 110% upside on this current price in FY27.
Kingsgate Consolidated Ltd (ASX: KCN)
The Kingsgate share price is currently $4.16, down 2.12% on Tuesday.
The ASX All Ords gold share is up 72% over 12 months.
Canaccord Genuity has a buy rating on Kingsgate shares with a 12-month target of $8.10.
This suggests the stock could almost double over the new financial year.
Elevra Lithium Ltd (ASX: ELV)
This All Ords lithium share was among the 5 best-performing stocks of FY26, rising 327%.
Elevra has a globally diversified portfolio of mines and development projects across Québec, North Carolina, Ghana, and Western Australia.
The company was formed through the merger of Piedmont Lithium and Sayona Mining.
The miner's flagship project is the North American Lithium Project.
Macquarie is among the brokers with a buy call on this ASX All Ords mining share.
The broker sets a $14.50 target for this stock, implying a potential 91% upside in FY27.
Dexus Industria REIT (ASX: DXI)
This real estate investment trust (REIT) is trading at $2.49 apiece, up 1.84%.
The Dexus Industria REIT share price has declined 9% over the past year.
MA Financial Group is among the brokers with a buy call.
MA Financial gives Dexus Industria stock a 12-month share price target of $3.30.
This implies a potential 33% upside from here.
NRW Holdings Ltd (ASX: NWH)
The NWH share price is $7.16, down 2.2% today.
The ASX All Ords industrial share has risen 123% over 12 months.
Morgans is among the brokers with a buy call on NRW shares.
Looking ahead to the August reporting season, the broker said:
We expect strong FY26 earnings with our forecast ($284m) slightly ahead of VA consensus ($281m) and towards the upper end of guidance ($275-285m).
For FY27, we expect NWH to guide ahead of consensus (MorgansF $315m vs consensus $308m).
Morgans lifted its 12-month target from $6.60 to $8, which suggests a potential 12% upside in FY27.
