S&P/ASX 200 Index (ASX: XJO) shares are up 0.03% at 9,095.2 points on the final day of reporting season.
Hundreds of companies have revealed their earnings this season.
Brokers have reviewed the reports and updated their ratings and 12-month price targets accordingly.
Here are five buy-rated ASX 200 shares with significant upside potential ahead, according to the experts.
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NextDC Ltd (ASX: NXT)
The NextDC share price is $13.63, down 1.7% today and down 17% over 12 months.
UBS renewed its buy rating on NextDC shares, with a $22.55 target after reviewing the company's FY26 earnings.
This implies potential capital growth of 61% over the next year.
WiseTech Global Ltd (ASX: WTC)
The WiseTech share price is $41.39, up 1.9% today and down 58% over 12 months.
Morgans reiterated its buy rating on this ASX 200 tech share after the company's FY26 results.
The broker reduced its 12-month price target from $67 to $62.50.
However, this still implies a healthy potential upside of 52%.
Droneshield Ltd (ASX: DRO)
The Droneshield share price is $1.74, down 0.7% today and down 46% over 12 months.
Bell Potter renewed its buy rating on this ASX 200 industrials share after its 1H FY26 results.
The broker trimmed its 12-month price target from $2.50 to $2.40.
This suggests a potential 35% upside ahead.
Qantas Airways Ltd (ASX: QAN)
The Qantas share price is $9.56, down 0.3% today and down 17% over 12 months.
Morgan Stanley kept its buy call in place on Qantas shares following the airline's FY26 results.
The broker raised its target on the ASX 200 industrials share from $12.50 to $12.80.
This suggests a potential 33% upside ahead.
Objective Corporation Ltd (ASX: OCL)
The Objective Corporation share price is $6.40, down 5.9% today and down 69% over 12 months.
Morgans maintained its buy recommendation on this ASX 200 tech share after the company's FY26 results.
The broker has a revised 12-month price target of $8.50, implying a potential 33% upside ahead.
OCL's FY26 result was largely in line with expectations. The result came however with more sticker shock in the form of another legacy contract loss leading to a further $3.2m ARR reduction.
OCL enters FY27 with ARR of $114.1m. Despite this softening & FX headwinds during the year, OCL continued to see strong underlying SaaS growth momentum and progress of a number of strategic milestones (including the launch of Build Australia), which is key to ARR momentum and FY27+ outlook.
Rebasing our forecasts for OCL's revised FY27 ARR and guidance sees our NPAT estimates reduce by ~18-21% in FY27-28F.
Following these revisions OCL is trading on FY27F P/E of 24x, with a share price near 5 years lows.
