S&P/ASX All Ords Index (ASX: XAO) shares are up 0.22% to 8,469.6 points at the time of writing on Thursday.

As reported in The Australian, four ASX All Ords shares have just received broker upgrades.

In addition, the experts are forecasting between 10% and almost 30% share price growth for these companies over the next 12 months.

Let's take a look.

Buy 'em! 4 ASX All Ords shares just upgraded by brokers

Bell Potter likes lottery company's chances

Bell Potter has commenced coverage on digital lottery services provider, Jumbo Interactive Ltd (ASX: JIN).

The broker reckons Jumbo shares are a buy. It's put a 12-month price target of $16.50 on the ASX All Ords consumer discretionary share.

The Jumbo Interactive share price is currently $12.83, up 1.91%. Bell Potter's price target suggests a potential 29% upside over the next 12 months.

There is no price-sensitive news out of Jumbo Interactive today.

Go overweight on this ASX All Ords utilities share

Barrenjoy has upgraded its rating on APA Group (ASX: APA) to overweight.

The broker has slapped a 12-month share price target of $8.60 on the ASX All Ords utilities share.

APA shares are trading for $6.85 on Thursday, up 2.39% for the day so far.

The price target implies a potential 25% upside for investors who buy APA shares today.

 The ASX energy infrastructure company has not released any announcements today.

Broker commences coverage on ASX All Ords mineral sands miner

Ord Minnett has started coverage on ASX mineral explorer Iluka Resources Limited (ASX: ILU).

The broker rates the ASX All Ords mining share a buy and has a 12-month price target of $6.30.

The Iluka Resources share price is down 0.54% to $5.51 at the time of writing. Thus, the broker anticipates a potential 14% upside on Iluka shares from here.

Iluka has not announced any official news today.

Broker gives thumbs up on ASX All Ords insurance share

Macquarie has raised its rating on QBE Insurance Group Ltd (ASX: QBE) shares to outperform.

The broker thinks this ASX financial share has more room for growth despite a 28% uplift in 2024 already.

Macquarie's 12-month share price target for QBE is $20.80.

QBE shares are currently trading for $18.87, up 1.07% on Thursday.

So, Macquarie foresees a potential 10% upside for investors who buy QBE shares today.

QBE announced a proposed issue of AUD Floating Rate Subordinate Notes yesterday and released the pricing today. QBE said the proposed issue was part of its ongoing funding and capital management strategy. The insurer added that it expected the proceeds of this issue to fund Tier 2 capital.