The average annual return for the ASX share market over the long-term has been approximately 10%. It has been closer to 9% per year for the S&P/ASX 300 Index (ASX: XKO) in the last decade or so.
If any individual ASX share can deliver a double-digit return, there's a good chance that it'll be a market-beating return.
There are a few ASX stocks that expert analysts think could deliver enormous returns over the next year. Of course, that's not a guaranteed return, but it can show how undervalued analysts think these ASX shares are. Let's look at two potential winners.
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Hansen Technologies Ltd (ASX: HSN)
Hansen describes itself as a leading global provider of software and services to the energy and utilities, and communications and media industries. It has customers in more than 80 countries.
The ASX share's software enables customers to create, sell and deliver new products and services, manage and analyse customer data, and control critical revenue management and customer support processes. In other words, its customers couldn't run the administration side of their business without Hansen's software.
FY26 was a solid year of profit growth.
Operating revenue fell 1.5% due to its revenue 'mix', including lower licence fees and foreign exchange headwinds. Within that total, support and maintenance revenue grew 13.4% to $230.3 million.
The company also reported 7.2% growth in underlying operating profit (EBITDA) to $119.6 million and 22.5% growth in underlying net profit after tax (NPAT), driven by cost discipline and AI-driven productivity gains.
FY27 revenue is expected to be stable, with recurring support and revenue maintenance to grow between 6% and 8%. The underlying EBITDA margin is expected to exceed 26% – likely lower than FY26's figure – due to reduced licence revenue and continued investment in AI capabilities, product investment and customer-led development opportunities.
It's down 25% after revealing its FY26 result, but analysts think there's a strong bounce back ahead. Hansen said it expects revenue growth in FY28 and the underlying EBITDA margin will return to its target of 30% or more.
According to CMC Invest, analysts have issued seven ratings on the business in the last three months: six buy and one sell. The average price target is $5.42, implying a possible rise of 70% over the next 12 months – that would be significantly higher than where it traded just before it reported FY26.
Nextdc Ltd (ASX: NXT)
Another ASX share worth looking at, according to expert analysts, is Nextdc. It's a data centre developer and owner, with facilities in each major Australian mainland city, as well as multiple regional hubs.
It also has a growing international presence, with projects proposed in Bangkok, Kuala Lumpur, Singapore and Tokyo.
If you haven't already seen the company's FY26 result, I'm sure you won't be surprised to learn that its revenue and operating profit (EBITDA) rose, while the underlying net loss, depreciation expense and capital expenditure also increased as it heavily invests.
FY26 revenue grew 16% to $496.5 million, while underlying operating profit (EBITDA) increased 15% to $248.8 million.
However, excluding positive property revaluations and a tax benefit (which I'd describe as non-operational items), it would have registered a net loss of $103.9 million – a worsening of 71.7%. Capital expenditure increased 100% to $3.4 billion, and the depreciation and amortisation expense grew 26% to $262.5 million.
In FY27, it expects revenue to grow at least 52%, underlying EBITDA to grow at least 55% and capital expenditure to grow at least 55%.
According to CMC Invest, the business has received nine ratings in the last three months. Eight of those ratings were a buy, and one was a hold. The average price target of $19.61 implies a possible rise of 72% over the next year.
