Over the last 12 months, the ASX 200 index has risen over 7%. While this is a decent return, it pales in comparison to some of the returns that have been recorded by ASX shares. For example, the three ASX shares listed below have absolutely smashed the market.
And the good news is that there may be more to come according to analysts. Here's what you need to know: ( ) The Life360 share price is up almost 130% since this time last year. Investors have been fighting to get hold of the location technology company's shares thanks to its explosive growth and transition to positive cash flow.
The good news is that analysts don't believe it is too late to climb on board. For example, Bell Potter has a buy rating and $17.75 price target on the ASX share.
This implies potential upside of 15% for investors over the next 12 months. It highlights that the company has "the potential to leverage its large and growing user base to enter new markets and disrupt the legacy incumbents." Bell Potter also believes that its performance during COVID highlights "the potential for continued strong growth in the base with market conditions now back to normal.
" ( ) The Telix share price has smashed the market and climbed 62% over the last 12 months. The catalyst for this has been a combination of exceptionally strong sales and earnings growth from the radiopharmaceuticals company and very promising trial updates. In respect to its financial performance, last month the company released its and revealed .
