S&P/ASX All Ords Index (ASX: XAO) shares are 0.5% higher at 9,290.9 points on Friday.
As earnings season nears its end, brokers have updated their ratings as 12-month price targets on many ASX All Ords shares.
The following four shares have major upside potential over the next 12 months, according to the experts.
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Temple & Webster Group Ltd (ASX: TPW)
The Temple & Webster share price is $4.75, up 2.8% today and down 80% over 12 months.
Canaccord Genuity reiterated its buy call on this ASX retail share following the online furniture seller's FY26 results.
The broker has a 12-month target price of $9, which implies a potential 89% upside from here.
betr Entertainment Ltd (ASX: BBT)
The betr Entertainment share price is 20 cents, up 1% today and down 34% over 12 months.
Morgans maintained its buy rating on this ASX consumer discretionary share after the company's FY26 results.
The broker kept its target price at 36 cents, implying a potential 82% upside from here.
Morgans said:
BETR Entertainment (BBT) finished the year strongly, with normalised EBITDA of $6.1m in the second half against guidance of $5m to $8m, a $19.3m swing on the first half.
Full year normalised EBITDA of -$7.1m was a touch below our -$6.2m, with a gross profit beat offset by a higher cost of doing business.
Encouragingly, current trading remains healthy. Through the first eight weeks of FY27, turnover is up more than 20%, new customers have almost doubled, CPA is down 31% and promotional cost is down 9%, all excluding the FIFA World Cup.
The company announced the launch of its new first to market 'Wildcards' same game multi (SGM) feature that will launch during the Wildcard AFL round this weekend.
Judo Capital Holdings Ltd (ASX: JDO)
The Judo Capital share price is $1.01, down 0.8% today and down 42% over 12 months.
Morgans reiterated its buy recommendation on this ASX bank share after reviewing Judo's FY26 results.
The broker said:
FY26 PBT landed towards the top end of the revised guidance range and FY27 guidance was reaffirmed offering strong earnings growth.
EPS forecasts moderated 2-6%.
The broker trimmed its 12-month price target from $1.47 to $1.42, suggesting a potential 40% upside ahead.
DigiCo Infrastructure REIT (ASX: DGT)
The DigiCo Infrastructure REIT share price is $2.62, up 1.2% today and down 12% over 12 months.
Morgans kept its buy rating in place on this ASX real estate investment trust (REIT) after DigiCo's FY26 results.
The broker has a 12-month price target of $3.60, implying a 37% upside ahead.
The broker said:
The signed Letters of Intent (LOIs) over the remaining 52MW would take the Australian portfolio to full capacity — a strong demand signal that de-risks management's pathway to $250m of EBITDA.
However the ramp-up in earnings is back-ended, hence FY27 guidance was ~8% below MorgansF and ~13% below Consensus.
Liquidity of ~$1.2bn funds the ~$1.2bn capex bill, with management calling out no need for additional equity.
We still see clear value, but the cashflows are pushed out — this is now an FY28-into-FY29 story.
