![\"Three](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/02\/Three-businesspeople-jump-high-16_9-1200x675.jpg\")
<\/p>\nThe S&P\/ASX 200 Index (ASX: XJO) reached a new all-time high on Wednesday. And while many big achievers helped drive the index to new highs, some beaten-down shares have moved in the opposite direction. <\/p>\n
But not all of them will continue spiralling.<\/p>\n
Here are three ASX 200 stocks that are expected to stage a turnaround this year. And some could climb as high as 100%, or even more.<\/p>\n
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Image source: Getty Images<\/p>\n
Xero shares were in the green on Wednesday afternoon, but the stock is still down nearly 60% over the past 12 months.\u00a0<\/p>\n
The cloud-based accounting software company was caught up in the sector-wide tech sell-off and AI-related nervousness late last year (and into early 2026). This, combined with investor worry about the company’s Melio acquisition, and potentially overvalued share price, saw many sell up.\u00a0<\/p>\n
But Xero’s business model, which is often referred to as “sticky”,\u00a0 has recurring revenue, global exposure, and profitability. It’s actively expanding its presence and its product suite, too.\u00a0<\/p>\n
I think there’s a chance that the ASX 200 stock could double in value<\/a> in 2026. Some analysts think it could storm even higher. Data shows the majority (12 out of 13) have a buy or strong buy rating on the stock with a maximum target price of $229.89 a piece. That implies a huge potential 204.98% upside at the time of writing.<\/p>\n Pro Medicus Ltd (ASX: PME<\/a>) <\/p>\n Pro Medicus shares<\/a> enjoyed a reprieve on Wednesday and closed in the green for the day. It comes off the back of a long string of declines due to similar sector-wide headwinds, which affected Xero stock.<\/p>\n Three of the company’s directors have increased<\/a> their existing stake by purchasing additional Pro Medicus shares, which raises a green flag for other investors.\u00a0<\/p>\n Out of 14 analysts<\/a>, nine have a buy or strong buy rating on the stock. The average target price is $220.75, which implies a 91.57% upside at the time of writing. However, some think it could soar even higher to $300 a piece. That represents a potential 160.35% upside for Pro Medicus shares.<\/p>\n WiseTech Global Ltd (ASX: WTC<\/a>) <\/p>\n WiseTech shares jumped over 10% after the company posted its half-year results<\/a> on Wednesday morning. From an AFP and ASIC raise to a boardroom fallout, the logistics software company has sent WiseTech shares\u00a0crashing<\/a>\u00a0over the past 8 months. <\/p>\n But investors are happy with the latest results announcement, suggesting that investor sentiment could finally be turning a corner for the beaten-down ASX 200 stock. <\/p>\n Most analysts already had a strong buy rating on the tech stock, with a maximum target price of $167.64 over the next 12 months. Even after Wednesday’s rally, that implies a huge 253.23% upside for investors at the time of writing.<\/p>\n","protected":false},"excerpt":{"rendered":"The S&P\/ASX 200 Index (ASX: XJO) reached a new all-time high on Wednesday. And while many big achievers…\n","protected":false},"author":2,"featured_media":503818,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99],"class_list":{"0":"post-503817","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-au","9":"tag-australia","10":"tag-business"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/503817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=503817"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/503817\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/503818"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=503817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=503817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=503817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}