S&P/ASX All Ordinaries Index (ASX: XAO) shares continue to rally alongside global markets, many of which have set new highs this week.
But fret not, there's still plenty of value to be had, according to leading analysts. Two shares have caught eyes this week with new buy ratings.
These are Lovisa Holdings Ltd (ASX: LOV) and Superloop Ltd (ASX: SLC), which have been dragged into the spotlight, making them potentially worth a closer look for your portfolio.
Let's see what the experts have to say.
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ASX shares upped to buys
The first of the ASX All Ords shares in focus is Lovisa Holdings. It is a fashion jewellery retailer with a network of stores dotted throughout Asia-Pacific markets.
Investors have sold the stock in the last month of trade, now resting at a 3% monthly loss before the open on Tuesday
The stock has been given a buy rating by Bell Potter with a $30 price target, according to The Australian.
Based on the stock's closing price of $27.85 on Monday, this represents another 7.7% upside potential, excluding dividends.
Morgans also rates Lovisa a buy. The broker highlights Lovisa's growth potential despite trimming its price target slightly to $36.
It reckons Lovisa could still emerge as a major Australian retail success story.
The business is valued at 36.5 times trailing earnings, which is higher than the already-hot S&P/ASX 200 Index (ASX: XJO) valuation of around 26 times earnings.
Despite the views of these two brokers, consensus still rates the stock a hold, with five buy ratings, seven hold ratings, and six sell ratings. A near-even split.
Superloop shares to loop higher
Superloop is in the telecommunications and broadband sector. The ASX All Ords share has exploded a la SpaceX rocket style in 2024, with a meteoric rise of 225%.
Never late to the party, Jarden Securities initiated coverage on the stock with a buy rating this week, setting a $2.50 price target.
If correct, shares priced at $2.18 apiece after Monday's close represent a further 15% upside from this mark.
Superloop posted its trading update for the four months ended 31 October earlier this month (usually, it's three months of business activity reported).
In the period, it added 19,300 new customers and signed a new wholesale contract worth $4 to $5 million in revenue over three years. Meanwhile, it has added over 6,000 new Smart Communities lots to its portfolio to date.
Total customers now "exceed" 637,000. Management notes the company now has nearly 6% share of the NBN market.
Consensus rates it a buy, with all seven analysts covering the business sitting in the bullish camp.
ASX All Ords shares takeout
These two ASX All Ords shares could be ready to perform on the chart if the buy calls made this week are correct.
Markets continue to drift higher towards the end of the year, buoyed by a newfound optimism since the US election. In that vein, investors might want to consider if these stocks benefit their own situation.
In the last 12 months, Superloop is up 240%, whereas Lovisa has gained 54%.
