The WiseTech Global Ltd (ASX: WTC) share price dropped 0.47% in afternoon trade on Tuesday. At the time of writing the shares are changing hands at $67.75 a piece.
Throughout 2025, the shares have suffered a number of headwinds and two distinct price crashes.
What happened to WiseTech shares in 2025?
In February, WiseTech shares crashed nearly 23% within a day. The crash came after news of a boardroom fallout, which led to the resignation of a number of directors. This came at the same time the tech sector saw broader weakness and lower than expected FY25 guidance.
WiseTech shares managed to gain some ground and investor confidence, but following the company's FY25 results in late August, the shares crashed another 20%. Investor expectations were clearly high. The 14% year-on-year increase in total revenue fell just shy of consensus analyst forecasts.
Later in October, WiseTech investors were spooked by news that the company's Sydney headquarters had been searched by the Australian Federal Police and ASIC. The raid was in relation to alleged insider trading by Richard White and other staff members during late 2024 to early 2025.
No charges have been laid against the software company, but board resignations, leadership instability, and investor uncertainty accelerated the share price decline throughout the latter months of 2025.
The logistics software provider's stock also succumbed to the dramatic tech-sector-wide sell-off in late November. Investor confidence was dented following concerns about overheated valuations and an AI bubble.
From 26th August to the time of writing, the share price has steadily fallen, down 41.47% to date.
WiseTech shares are now trading 45.31% below the level seen when the ASX opened in January this year.
Will WiseTech shares crash again in 2026?
Despite the numerous headwinds, WiseTech's underlying business continues to be robust. As a global leader in logistics software, the company is continually expanding operations and has a proven track record of growth.
The company is also well-positioned to benefit from growing demand for automation and cloud computing, particularly amid a highly anticipated AI boom in 2026. Its software helps logistics and supply chain businesses automate their processes and transition to cloud-based systems. These are key priorities for many companies that are looking to improve their efficiency.
Over the past five years, the business has also been able to double its revenue to US$778.7 million. And for FY26, management expects revenue to grow about 80% to around US$1.4 billion.
What do analysts think of the tech stock?
TradingView data shows that the majority of analysts rate WiseTech shares as a buy. Out of 16 analysts, only 2 have a hold rating, and the remaining 14 have a buy or strong buy rating on the shares.
The average target price for 2026 is $109.42 per share, but some analysts think the shares could surge as high as $176.61 each. That implies a potential 160.49% increase over the next 12 months!
With expectations like these, it appears that WiseTech's share price crashes are firmly behind the business, and 2026 will be a year of recovery.
