There are some ASX shares that experts believe could deliver big returns over the next year or so.
Of course, an analyst's projection is not a guarantee of upcoming returns, but I think it's a good sign of how undervalued some brokers believe a business is.
With projections indicating that the following stocks could deliver strong double-digit returns, they could be worth considering.
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Paladin Energy Ltd (ASX: PDN)
The first ASX share I want to look at is Paladin Energy, a uranium miner that owns three-quarters of the Langer Heinrich Mine.
There are also other elements to the business, such as its progression of the tier-1, high-grade Patterson Lake South project in the north of Saskatchewan. On top of that, the ASX share has a portfolio of exploration assets which are within the province's highly prospective Athabasca Basin as well as at the Michelin project in Newfoundland and Labrador. Additionally, it owns uranium exploration assets in Queensland and Western Australia.
According to CMC Invest, there have been 14 analyst ratings on the business within the last three months. Of those 14 ratings, 12 were buy ratings, and just two were holds.
A price target is the level brokers expect the share price to reach 12 months from the investment call. According to CMC Invest, the average price target among those 14 brokers was $12.70, implying a possible 70% rise.
In October, the business reported its quarterly update for the three months to 30 September 2026. In that update, it said it produced 1Mlb of U3O8 and sold 1.16Mlb of U3O8. Paladin continues to make progress on its projects.
Pleasingly for the company, the average realised (sold) price for its uranium was US$79.4 per pound, up 12.4% year over year.
Propel Funeral Partners Ltd (ASX: PFP)
The other ASX share I'll highlight is funeral operator Propel Funeral Partners, which operates in both Australia and New Zealand. As of the latest count, it operates from 213 locations, including 42 cremation facilities and 9 cemeteries.
According to CMC Invest, there have been five expert ratings on the business within the last three months. All five ratings were buy, so analysts are unanimous in their view of the business' appeal.
The average price target from those five analysts is $4.29, implying a possible 61% rise over the year ahead.
Propel is exposed to long-term demographic tailwinds due to the ageing populations of Australia and New Zealand. Additionally, the company regularly makes acquisitions to boost its geographic presence and overall scale, giving it an inorganic option to expand its market share.
In its FY26 results release in August, the funeral business reported that in July 2026, it generated $21.5 million in revenue, driven by more than 3% growth in comparable average revenue per funeral, despite a benign winter flu season.
This could be a smart time to look at the ASX share amid (pleasingly) weaker death volumes.
