The S&P/ASX 300 Index (ASX: XKO) has gained more than 17% over the past year, but the three ASX 300 shares we'll look at below have all surged by far more.
Well, two of them have.
The third company only began trading on the ASX on 23 September after being spun off from what's now its sister company. But this stock has also raced ahead of the benchmark since listing as its own entity.
Despite that strong outperformance, top brokers forecast more gains ahead for all three of these ASX 300 stocks.
So, which companies just got upgrades?
Read on!
(Broker price data courtesy of The Australian.)
Image source: Getty Images
Three ASX 300 shares with boosted ratings
The first ASX 300 share getting a broker upgrade is Hub24 Ltd (ASX: HUB).
Shares in the investment platform provider are up 2.38% in afternoon trade today at $62.29. That sees the Hub24 share price up a whopping 91% in a year. Hub24 shares also trade on a 0.6% fully franked dividend yield.
And Canaccord believes the stock can keep marching higher from here. The broker started Hub24 at a buy rating with a $65.80 price target. That represents a potential upside of 5.6% from current levels.
Moving on to the second ASX 300 share earning a broker upgrade, we have Netwealth Group Ltd (ASX: NWL), which is also an investment platform provider.
The Netwealth share price is up 1.9% today, with shares changing hands for $26.24. This puts the Netwealth share price up 83% in a year. And the stock trades on a 1.1% fully franked trailing dividend yield.
Canaccord also has a bullish outlook for Netwealth. The broker started the company at a buy rating with a price target of $27.75. That represents a potential upside of more than 5.7% from current levels.
This brings us to Webjet Group (ASX: WJL), the third ASX 300 share getting a broker upgrade.
Shares in the online travel agency are up 4.69% at the time of writing, trading for $1.005 apiece. That puts the Webjet Group share price up 25.6% since the close of the stock's first day of trading on 23 September.
And Goldman Sachs thinks it can keep moving higher from here.
The broker started Webjet Group at a buy rating with a $1.05 price target, representing a potential upside of 4.5% from here.
As you may be aware, this ASX 300 stock was spun off from Web Travel Group Ltd (ASX: WEB) last month. Web Travel now owns the WebBeds business, while Webjet is focused on its online travel agency business and GoSee, which specialises in car and RV rentals.
