S&P/ASX 200 Index (ASX: XJO) shares rose by 2.77% and delivered total returns, including dividends, of 7% in FY26.
As a new financial year begins, brokers have indicated continuing confidence in several ASX 200 shares.
This week, they renewed their buy calls on the following stocks, with updated 12-month price targets for FY27.
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Over FY26, the market’s largest ASX 200 mining share skyrocketed 62% to close out the year at $59.40.
Morgan Stanley renewed its buy rating on BHP shares this week.
The broker has a 12-month price target of $67.50.
This suggests more than 10% upside over FY27.
Northern Star Resources Ltd (ASX: NST)
The market’s largest ASX 200 gold mining share rose just 2% to $18.95 over FY26.
UBS reiterated its buy rating on Northern Resources shares this week.
The broker reduced its price target from $24.35 to $23.75.
This implies potential capital gains of 25% ahead.
ANZ Group Holdings Ltd (ASX: ANZ)
This ASX 200 bank share rose 21% to close out the financial year at $35.35.
Citi reaffirmed its buy rating on ANZ shares with a price target of $39.25.
This implies potential capital gains of 11% in the new financial year.
Mineral Resources Ltd (ASX: MIN)
The stock price of this diversified ASX 200 miner rebounded 188% to $62.07 in FY26.
UBS reaffirmed its buy rating on Mineral Resources shares this week.
The broker lowered its price target from $83 to $79.
This implies potential capital gains of 27% ahead in FY27.
JB Hi Fi Ltd (ASX: JBH)
Over FY26, this ASX 200 retail share tumbled 27% to $80.48.
Bell Potter reiterated its buy rating on JB Hi-Fi shares with a price target of $87.
This implies potential capital gains of 8% over FY27.
Neuren Pharmaceuticals Ltd (ASX: NEU)
This ASX 200 healthcare share rose 26% to $17.75 in FY26.
Bell Potter reiterated its buy rating on Neuren Pharmaceuticals shares this week.
The broker boosted its 12-month share price target from $22 to $23.50.
This implies potential capital gains of 32% ahead.
Resolute Mining Ltd (ASX: RSG)
Over FY26, this ASX 200 gold stock ripped 56% to 95 cents per share.
Macquarie renewed its buy rating on Resolute Mining shares with a price target of $1.55.
This implies potential capital gains of 64% for FY27.
BlueScope Steel Ltd (ASX: BSL)
The BlueScope Steel share price rose 38% over FY26 to close at $31.87.
RBC Capital renewed its buy rating on the ASX 200 materials share this week.
The broker raised its 12-month price target from $35.25 to $38.25.
This suggests a potential 20% upside ahead.
Over FY26, this ASX 200 mining share rose 34% to finish the year at $3.90.
UBS reaffirmed its buy rating on South32 shares with a reduced price target of $5.
This implies potential capital gains of 28% ahead.