2 ASX shares tipped by brokers to return 66% and 90%

There are strong tailwinds ahead for these two ASX shares.

The All Ordinaries Index (ASX: XAO) has fallen lower in early morning trade on Thursday as investor confidence in ASX shares continues to take a hit.

At the time of writing, the All Ords Index is down around 1% for the day, and is now roughly 0.5% lower for the year-to-date.

But there are some ASX shares that brokers expect will outperform the index going forward. Here are two of them, and they're tipped to have upsides of up to 90%.

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Image source: Getty Images

SiteMinder Ltd (ASX: SDR)

SiteMinder is a technology business that provides an e-commerce platform for hotels and other accommodation businesses. The company touts its product as helping hotels to sell, market, manage, and grow their businesses from one platform. 

The company posted a strong FY26 result last month, including a 22% increase in revenue and a 96.5% increase in EBITDA. Its net loss also improved to $11.3 million, down from a net loss of $24.5 million in FY25. And these results came amid headwinds from a strong Australian dollar and ongoing global travel challenges. 

Looking ahead, SiteMinder said it expects its adjusted EBITDA margin to keep expanding in FY27 and reach the mid-20% range by FY30. ARR is targeted to continue growing in the 20% range (CAGR) over the next four years. 

But it looks like investors were disappointed with the company's outlook and slower-than-expected growth projection. At $2.80 a piece, the share price has crashed around 27% since the results announcement and is down around 54% for the year-to-date.

But I think the latest sell-off was overdone. The current share price looks like a rare buying opportunity to buy shares cheaply. 

Market Index shows that the majority of brokers have a buy rating on the ASX shares. And the $5.40 average target price implies an upside of around 90% at the time of writing.

Catalyst Metals Ltd (ASX: CYL)

It's been a choppy 2026 so far for the ASX gold producer's shares.

The share price spiked to an all-time high in January when it announced a significant new high-grade discovery at its Plutonic Gold Belt. But then the ASX shares shed around 52% of their value to an annual low in early June. The crash followed headwinds from a weaker gold price, higher mining costs and an investor rotation away from gold shares.

But now it looks like the headwinds from earlier this year are finally turning into tailwinds. Catalyst shares have now rebounded around 41% since June and are trading at $6.57 at the time of writing. For the year-to-date, the shares are roughly 11% lower.

In late-July the gold miner announced a record quarterly gold production of 31,886 ounces at an all-in sustaining cost (AISC) of A$2,666 per ounce, and built cash reserves by A$54 million in the June 2026 quarter.

And earlier this week, the company announced its FY26 results. It posted record metrics across the board, supported by a buoyant gold price. Revenue climbed 39%, EBITDA was up 57%, and NPAT was 43% higher.

Management expects growth to continue in coming years as it develops and ramps up production at its Trident underground, Old Highway and Cinnamon sites.

Market Index data shows that brokers are very bullish about the outlook for the ASX shares. All brokers have a strong buy rating on the ASX shares. The average target price of $10.94 implies a potential 66% upside at the time of writing.

Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended SiteMinder. The Motley Fool Australia has positions in and has recommended SiteMinder. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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