S&P/ASX 200 Index (ASX: XJO) shares are down 0.1% to 8,787.1 points on Monday.

Among the 11 market sectors, materials and miners are in the lead, recovering 1.6% of their 7.7% plunge last week.

Healthcare and utilities are the laggards today, down 1.3% each.

ASX shares are underperforming global markets for a variety of reasons this year.

In 2026, the ASX 200 is up 1% while the MSCI ACWI Price Index, a proxy for global equities, is up 11%.

Amid the weakness, brokers see buying opportunities and solid 12-month growth ahead for select ASX 200 companies.

Let's take a look at a few of them.

Qantas Airways Ltd (ASX: QAN)

The Qantas share price is $8.36, down 0.7% today and down 20% in 2026.

This ASX 200 travel share has fallen 7% over the past month.

UBS has a buy rating on Qantas with a 12-month share price target of $11.40.

This implies a potential 36% upside ahead.

Xero Ltd (ASX: XRO)

The Xero share price is $64.32, up 0.2% today and down 43% in 2026.

Over the past month, this ASX 200 tech share has risen 11%.

UBS has a buy recommendation on Xero shares with a price target of $106.

This suggests potential capital growth of 65% ahead.

Paladin Energy Ltd (ASX: PDN)

The Paladin Energy share price is $7.15, up 3.9% today and down 29% in 2026.

This ASX 200 uranium share has declined 24% over the past month.

Morgans has upgraded its rating on PLS shares from accumulate to buy.

The broker has a 12-month price target of $13.10.

This implies a potential 83% upside ahead.

In a new note, Morgans said:

PDN's 1Q27 result reflected the anticipated slow start to FY27, with Langer Heinrich Mine (LHM) uranium production of 1.0Mlbs below consensus expectations of 1.16Mlbs.

Uranium sales of 1.16Mlbs were in line with consensus expectations of 1.13Mlbs.

The result was impacted by the flagged and planned July plant shutdown and weaker recovery rates due to ore characteristics.

Mining momentum and realised pricing – mining performance improved qoq following strong performance in 4Q26 and realised pricing increased 12% to US$79.4/lb, a record at LHM.

Following recent share price weakness, we upgrade our rating to BUY (previously ACCUMULATE) …

PLS Group Ltd (ASX: PLS)

The PLS share price is $2.83, up 7.8% on Monday and down 34% in 2026.

This ASX 200 lithium share has descended 26% over the past month.

Canaccord Genuity has renewed its buy rating on PLS shares with a $5.60 target.

This implies potential gains of 98% over the next year.

The post 4 ASX 200 shares with 36% to 98% growth ahead: brokers appeared first on The Motley Fool Australia.

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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