The next wave of ASX tech winners to buy before 2026

Analysts think these tech stocks could be destined for big things in the future.

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Key points

  • Megaport is perfectly positioned to thrive as businesses increasingly embrace hybrid cloud environments and AI, recently expanding with a vital acquisition in India that significantly boosts its market reach.
  • NextDC is riding the wave of the AI boom with its heavily demanded hyperscale data centres, setting the stage for robust growth through strategic expansions and indispensable customer commitments.
  • Siteminder is revolutionising hotel management with its powerful SaaS platform, capitalising on the global digital shift while expanding its reach and enhancing margins, signalling untapped potential.

If there's one corner of the market that consistently produces long-term wealth, it is technology.

Sure, 2025 has been volatile for ASX tech stocks, but history shows that the best time to buy future winners is often during periods of uncertainty, not after the recovery has already happened.

So, if you are looking to position your portfolio for the next phase of tech-led growth heading into 2026, it could be worth checking out the three ASX tech stocks listed below that analysts rate as buys:

Megaport Ltd (ASX: MP1)

The first ASX tech stock that could be a long term winner is Megaport.

Its global software-defined network allows businesses to connect directly to the world's biggest cloud providers, including Amazon Web Services, Google Cloud and Microsoft Azure, with speed and flexibility traditional networks simply can't match.

As enterprises accelerate their shift toward hybrid cloud environments and AI workloads require faster, more flexible networking, Megaport sits in the sweet spot of a long-term structural trend. It has also just announced a key acquisition in India, which significantly boosts its addressable market.

Earlier this week, the team at Morgans upgraded Megaport's shares to a buy rating with a $17.00 price target.

NextDC Ltd (ASX: NXT)

The AI boom isn't slowing down, and NextDC is one of the clearest beneficiaries on the ASX. Its network of hyperscale data centres is experiencing strong demand from cloud providers, enterprise customers, and AI-driven infrastructure requirements.

NextDC continues to invest heavily in new facilities, expand its footprint and secure long-term customer commitments. As data usage, cloud adoption and AI modelling continue to surge, the company is positioned for years of sustained growth.

Macquarie is a fan of the data centre operator. It has an outperform rating and $20.90 price target on its shares.

Siteminder Ltd (ASX: SDR)

A third ASX tech share that could be destined for big things is Siteminder. It has established itself as one of Australia's global software-as-a-service success stories.

Its cloud-based hotel commerce platform now serves tens of thousands of accommodation providers worldwide, helping them manage bookings, pricing, distribution and payments through a single interface.

The company continues to benefit from the global shift towards digital hotel management. Larger properties are upgrading outdated systems and smaller operators are moving online for the first time.

With strong annualised recurring revenue, improving margins and a massive international footprint still to penetrate, Siteminder is shaping up as a long-term compounder that the market isn't fully appreciating yet.

Macquarie is also a fan of this one. It has an outperform rating and $8.55 price target on its shares.

Motley Fool contributor James Mickleboro has positions in Megaport and Nextdc. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group, Megaport, and SiteMinder. The Motley Fool Australia has positions in and has recommended Macquarie Group and SiteMinder. 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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