After stalling for much of the first half of the year, the S&P/ASX 200 Index (ASX: XJO) has found some momentum in recent weeks.
With optimism around the situation in Iran, and cooling inflation, the ASX 200 has climbed over 5% since early June.
For investors looking for high upside positions, three ASX shares have recently drawn big upside projections from experts.
Let's see what brokers had to say.
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Premier Investments Ltd (ASX: PMV)
It has been a volatile year for Premier Investments.
The Australian company owns and operates specialty retail brands.
The company has been heavily sold off since early July, falling over 16% in that span.
One major catalyst for this share price fall was the announcement that profit is likely to come in weaker than expected.
According to the release, its full-year sales are expected to come in at $795.5 million, down 2% on the previous year, while EBIT was expected to come in at $176 million, down from earlier guidance given in March of $183 million.
Despite this bad news, brokers now see the stock as being oversold.
Premier Investments shares closed trading last week at $12.52 each.
This is significantly below targets from brokers.
Bell Potter has a recent share price target of $16.50, while Macquarie has a $15.70 target on these ASX shares.
These targets indicate an upside ranging from 25% to 32%.
Amotiv Ltd (ASX: AOV)
Another stock worth watching for a big second half of the year is Amotiv.
The company is Australia and New Zealand's largest pure-play automotive aftermarket parts wholesaler and manufacturer.
It recently released some impressive results, including reported revenue growth of 2.7% to $1.02 billion, with underlying net profit coming in at $120.3 million, up 1.3%.
These ASX shares closed trading last week at $6.72 each.
However, Macquarie has a price target of $11.60 for Amotiv shares, indicating 72% upside potential.
Life360 Inc (ASX: 360)
After tumbling more than 27% this year, experts think now could be the time to buy low on Life360 shares.
For those unfamiliar, the company's core product is a private family and friends social networking app that allows users to communicate and share their locations.
The product includes an emergency roadside assistance feature, driver monitoring and reporting, and direct navigation to a member's location without needing an address.
The company saw its shares heavily sold off last week after releasing quarterly results.
However this has created a strong value opportunity for savvy investors.
These ASX shares are now trading for approximately $23.50 each.
However, following last week's results, Bell Potter retained its buy recommendation and placed a price target of $34.00 on these ASX shares.
This indicates upside potential of 44%.
