Finding ASX growth shares before they take off is one surefire way to generate big returns.
But which shares could have the potential to be the hidden gems of 2026? Let's take a look at two candidates that analysts are bullish on. They are as follows:
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Gentrack Group Ltd (ASX: GTK)
The first ASX growth share that could be a hidden gem of 2026 is Gentrack. It is a software company that provides mission-critical platforms to utilities and airports across the globe.
That might not sound as exciting as AI or biotech, but it is a business that sits at the heart of major structural changes.
The transition to renewable energy is reshaping the utilities sector, forcing companies to modernise their systems and better manage increasingly complex grids. Gentrack's software helps do exactly that, providing the infrastructure utilities need to bill customers, integrate renewable energy, and improve efficiency.
In addition, with global travel on the rise and many airports modernising, its solutions are likely to be in high demand in the coming years. This includes the flight information display systems that you may have relied on in the past if you've travelled through airports such as Queenstown Airport and Sydney Airport.
With recurring revenue streams and a product set that is embedded in customer operations, this ASX growth share looks well-placed for growth over the next decade.
Bell Potter is bullish on the stock and has a buy rating and $13.20 price target on its shares. This implies potential upside of 45% from current levels.
Web Travel Group Ltd (ASX: WEB)
Another ASX growth share that could be a hidden gem of 2026 is Web Travel Group.
Travel is one of the most powerful structural growth themes globally, and this stock offers investors a way to play it. After spinning off the Webjet Ltd (ASX: WJL) online travel agency business last year into its own separate listing, Web Travel is now focused solely on its WebBeds division.
WebBeds is one of the world's largest B2B accommodation suppliers, connecting hotels with travel agencies, tour operators, and other partners. This position in the global travel ecosystem provides significant scale benefits and the opportunity to capture margin as volumes rise.
As international travel continues to recover and expand, the B2B market is well positioned for growth. By stripping away the consumer-facing Webjet brand, Web Travel gives investors direct exposure to a profitable, scalable segment of the travel industry that could surprise many over the next few years.
In fact, management is targeting total transaction value (TTV) of $10 billion by FY 2030. This is up from $4.9 billion in FY 2025 and is only a small slice of its total addressable market (TAM) of $96 billion.
Macquarie is bullish on Web Travel. It has an outperform rating and $6.74 price target on its shares. This suggests that upside of 65% is possible from current levels.
