Why WiseTech Global shares could rise 45% in a year

Bell Potter sees significant upside potential for this tech stock.

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Key points
  • Bell Potter remains optimistic about WiseTech Global's potential, maintaining a buy rating due to the company's reaffirmed FY 2026 guidance and an anticipated strong margin performance despite modest revenue forecast downgrades.
  • The upcoming investor day is seen as a critical catalyst for WiseTech, with high expectations for the launch of its new commercial model and further details on strategic initiatives like the CargoWise Value Pack.
  • With a predicted 45% upside based on the current share price, WiseTech Global presents a promising opportunity for investors looking to capitalise on its market position and strategic growth plans.

If you are wanting to supercharge your portfolio, then it could be worth turning to WiseTech Global Ltd (ASX: WTC) shares.

That's because analysts at Bell Potter believe they could deliver huge returns over the next 12 months.

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What is the broker saying about the tech stock?

Bell Potter highlights that the logistics solutions technology company held its annual general meeting last week and reaffirmed its guidance for FY 2026. It was pleased with the update and sees it as the first hurdle cleared. It said:

WiseTech held its AGM today and reaffirmed its FY26 guidance of revenue b/w US$1.39-1.44bn, EBITDA b/w US$550-585m and EBITDA margin b/w 40-41%. The company also flagged that the new commercial model will go live on 1st December and "a large number of customers" are expected to transition on that date.

There was, however, little update on the launch of Container Transport Optimisation (CTO) with only the comment "we are focused on our initial launch of CTO with revenue generation commencing during the year." WiseTech also flagged its upcoming investor day on 3rd December and said it will provide details on "the rollout of our new commercial model, and progress relating to CTO and the e2open integration."

In response to the meeting, the broker has trimmed its estimates modestly. Nevertheless, it believes WiseTech Global will meet its guidance this year. It adds:

We have modestly downgraded our EBITDA forecasts in FY26, FY27 and FY28 by 1%, 2% and 2% mainly for conservatism. The downgrades have been driven by 2-3% reductions in our revenue forecasts which has been partially offset by increases in our margin forecasts. In FY26 we now forecast revenue and EBITDA of US$1.40bn and US$569m which is towards the lower end of the guidance range for the former and close to the middle for the latter.

That is, we see more risk at revenue than EBITDA this year, particularly with the greater-than-usual revenue skew to H2. Any weakness or miss at revenue, however, we would expect to be offset by a stronger margin.

WIseTech Global shares tipped to rise

According to the note, the broker has retained its buy rating on the company's shares with a reduced price target of $100.00.

Based on the current WiseTech Global share price of $69.05, this implies potential upside of 45% for investors over the next 12 months. It concludes:

The next potential catalyst is the upcoming investor day and, in particular, any details around the launch of the new commercial model. A high uptake of the CargoWise Value Pack, for instance, would be bullish in our view.

Motley Fool contributor James Mickleboro has positions in WiseTech Global. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. 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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