Looking for big returns? Then look no further! That's because the ASX shares listed below have been named as buys and tipped to rise 25% to 55% from current levels. Here's why analysts are bullish on them: ( ) Goldman Sachs thinks this beaten down pizza chain operator's shares are great value at current levels. The broker has a buy rating and $40.
00 price target on them. This implies potential upside of 26% for investors over the next 12 months. Commenting on its buy rating, the broker said: We believe that DMP's renewed focus on store unit economics and re-investment to ignite topline growth is rightly placed.
While there is still significant progress to be made, we believe that earnings has troughed in FY24 and see a path of improvement through FY25. ( ) Another ASX share that Goldman Sachs believes is cheap at current levels is mineral sands producer Iluka. Last week, its analysts put a buy rating and $9.
00 price target on its shares. Based on its current share price of $5.82, this suggests that upside of 55% is possible for investors.
The broker highlights its strong free cash flow generation and exposure to . It said: Compelling Mineral Sands FCF and Rare Earth growth potential: ILU is trading on a FCF yield of 17%/14% in 25/26 without the RE refinery capex. We are positive on ILU's project pipeline and forecast >20% production growth in mineral sands volumes, ~18ktpa of Rare Earths (~4ktpa of high value NdPr) over the next 5yrs.
We think ILU's Eneabba RE refinery is a s.