In this article, we will discuss the 8 Best Australian Stocks to Buy in 2026.
The Australian stock market has been extremely volatile in line with other global equity indexes. The country’s main stock index, the Australia Stock Index, is flat for the year after an 8% sell-off in March on concerns that the Middle East Conflict will trigger slow economic growth and delay a US interest rate cut.
Australia started the year with an inflation problem, a situation made worse by the oil shock amid the US-Iran war. According to Morningstar Equity Market Strategist Lochlan Halloway, Australian equities are attractive after a significant pullback year to date.
For starters, the real estate and energy sectors are compelling despite energy rallying 35% year to date. Similarly, technology stocks have had a challenging start to the year, following an AI-led pullback amid high valuations.
Expanding further on the technology sector, analysts Roy van Keulen and Shaun Ler believe it is undervalued and close to levels not seen since 2022.
“We see a resilient outlook for platforms embedded in complex, regulated workflows such as WiseTech and SiteMinder,” van Keulen and Ler said.
On the other hand, the real estate sector could present tremendous opportunities in the period of rising interest rates. The Reserve Bank of Australia is expected to raise the rate in May to 4.35% in the race to address the inflation problem that threatens to get out of hand amid tight energy prices. Likewise, higher energy prices present both risks and opportunities for utilities, with Morningstar analyst Adrian Atkins noting that Australian utilities are generally slightly undervalued.
While the ASX 200 is navigating high inflation (4.8% YoY expected) and volatility, it is expected to rebound towards the 9200-level highs after falling to 8262 in March. With that in mind, let’s take a look at the Best Australian Stocks to buy in 2026.
Our Methodology
To determine our 9 best Australian stocks to buy in 2026, we used the Finviz stock screener and scanned financial media reports to identify companies listed on the Australian Securities Exchange (ASX) as well as US exchanges. We ended up with dozens of stocks and applied additional filters to pick out the best. We looked for stocks with at least 5% upside potential (as of April 23) and that are favored by hedge funds. The hedge fund data was picked from Insider Monkey’s database as of Q4 2025. Finally, we ranked the stocks based on their price upside potential.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research shows we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
Best Australian Stocks to Buy in 2026
8. Amcor PLC (NYSE:AMCR)
Stock Upside Potential: 25.16%
Number of Hedge Fund Holders: 30
Amcor PLC (NYSE:AMCR) is among the best Australian stocks to buy in 2026. On April 21, Amcor PLC (NYSE:AMCR) announced that it has collaborated with Metsa Group and G. Mondini to accelerate a fiber-based packaging solution for the food industry. Metsa is a Finnish forest industry group, while G. Mondini is a food packaging provider.
The fiber packaging is in a tray-and-film combination format. Amcor said that this fiber-based packaging solution is engineered for protein and chilled ready‑meal applications. The company further said the fiber packaging is designed to protect perishable foods and to prolong shelf life.
For brands, Amcor said the fiber solution offers a distinctive format and supports their environmental commitments, as this solution can help cut plastic use. Also, Amcor pointed out that the fiber packaging solution responds to growing consumer confidence in sustainable materials.
Amcor noted that the fiber packaging solution partnership benefits from Metsa’s expertise in processing wood and G. Mondini’s packaging machinery expertise. Amcor itself brings barrier film technology to the collaboration.
As Amcor advances innovation in sustainable materials with fiber packaging solutions, Deutsche Bank has identified it as a solid investment. On April 7, Deutsche Bank named Amcor among its top packaging stocks in 2026. The bank highlighted Amcor’s exposure to defensive segments like food and healthcare, global footprint, strong pricing power, and cost discipline. In this light, Deutsche Bank believes Amcor is less vulnerable to macroeconomic pressures.
Amcor PLC (NYSE:AMCR) is an Australian-founded global packaging solutions company. It develops and produces packaging products for diverse industries, including food and beverage, personal and home-care, and healthcare. The company operates in more than 40 countries.
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