Top broker says these ASX stocks can rise 35% in a year

Let's see why Bell Potter thinks these shares could rise strongly over the next 12 months.

| More on:
A man clenches his fists in excitement as gold coins fall from the sky.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Are you on the lookout for big returns for your investment portfolio? (Who isn't?)

If you are, then it could pay to listen to what analysts at Bell Potter are saying about the two ASX stocks listed below.

Especially with the broker rating them as buys and tipping them to rise 35%+ over the next 12 months.

Here's why the top broker is feeling bullish about these stocks right now:

Paladin Energy Ltd (ASX: PDN)

The first ASX stock that Bell Potter is tipping as a buy is Paladin Energy. It is one of Australia's top uranium miners.

The broker's positive view on the stock is partly driven by a proposed acquisition that has the potential to significantly impact the company's future. It also believes that recent share price weakness has created a buying opportunity for investors. Bell Potter's recently said:

PDN has announced its intention to acquire Athabasca developer, Fission Uranium in an all-scrip deal. We see this transaction as transformative for PDN, with the potential to make the business a leader in uranium production across two sites and thus alleviating our concerns around future growth.

With the recent pull-back in the stock we see this as an opportunity to gain exposure to a high-quality uranium producer.

The broker has a buy rating and $14.40 price target on its shares. Based on its latest share price of $10.16, this implies potential upside of 42% for investors between now and this time next year.

Regal Partners Ltd (ASX: RPL)

Another ASX stock that the broker recommends as a buy is Regal Partners. It is a leading alternative investment company.

Bell Potter has been impressed with the company's performance and views a recent acquisition as a significant positive development. It recently said:

Regal Partners has continued to show value creation in CY24 with further inflows, new fund launches, and strong performance which is expected to translate into high performance fees, and recently another acquisition.

This latest acquisition further highlights the entrepreneurial culture, illustrated by the expansion through M&A (Attunga, Kilter, VGI Partners, Taurus, PM Capital and now Merricks) and is growing through the launch of new strategies. It is also highly profitable with earning high management and performance fees.

Bell Potter currently has a buy rating and $4.85 price target on its shares. Based on its current share price of $3.56, this implies potential upside of 36% for investors over the next 12 months.

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

More on Broker Notes

Three people in a corporate office pour over a tablet, ready to invest.
Broker Notes

Top brokers name 3 ASX shares to buy today

Here's what brokers are recommending as buys this week.

Read more »

A man has a surprised and relieved expression on his face. as he raises his hands up to his face in response to the high fluctuations in the Galileo share price today
Broker Notes

Bell Potter says this ASX 200 stock can rise 100%+

Let's see which stock the broker is tipping as a buy to clients.

Read more »

Man sitting in a plane looking through a window and working on a laptop.
Broker Notes

Macquarie tips 28% upside for this ASX All Ords tech stock

Let's see what the broker is saying about this growth stock.

Read more »

A man looking at his laptop and thinking.
Broker Notes

Up 17% in 2025, how much more upside does Macquarie tip for Metcash shares?

Following Tuesday’s merger and earnings news, Macquarie changed its rating for Metcash shares.

Read more »

Female ASX travel shares investor with surprised expression drinks a cup of tea while reading the newspaper at her desk
Broker Notes

Macquarie is tipping this top ASX 200 share to deliver a 35% return

The leading broker sees major upside potential for this growing company.

Read more »

Business man at desk looking out window with his arms behind his head at a view of the city and stock trends overlay.
Broker Notes

Leading brokers name 3 ASX shares to buy today

Here's why brokers believe that now could be the time to snap up these shares.

Read more »

Sell buy and hold on a digital screen with a man pointing at the sell square.
Broker Notes

Take your profits and run! Brokers say sell these 3 ASX 200 shares

Experts say these ASX 200 stocks are trading at high share prices with limited upside potential from here.

Read more »

Person handing out $50 notes, symbolising ex-dividend date.
Broker Notes

Where to invest $20,000 into ASX 200 shares

Brokers think these shares could be top picks for Aussie investors.

Read more »