WiseTech Global Ltd (ASX: WTC) shares closed 1.31% lower on Tuesday, at $65.50 a piece.
The latest stock price drop means the shares are now 4.31% lower for 2026 so far, 11.34% lower than a month ago, and 48.11% lower than this time last year.
It hasn't been a great start to the year for the logistics software provider, but I think that there is a good chance WiseTech stock could more than double in 2026, and even soar past $150 per share.
Here's why.
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WiseTech stock bottomed in 2025
It looks like there are signs that WiseTech shares crashed and bottomed out during 2025. The company faced several significant headwinds throughout the 12-month period.
From lacklustre financial results to a boardroom fallout and even an AFP and ASIC raid, several consecutive events managed to knock back investor confidence time and time again.
But I think the worst is now over for this beaten-down stock, and with the new year, the business is able to turn over a new leaf. Once share prices reach the bottom, the only way is up.
The company is poised for growth in 2026
WiseTech's underlying business is strong. It is a global leader in logistics software, and the company is continually expanding operations, with a proven track record of successful growth too.
WiseTech has demonstrated resilience and growth across various economic cycles and is well-positioned to benefit from long-term trends, including cloud computing, automation, and overall AI adoption.
Its software helps logistics and supply chain businesses automate their processes and transition to cloud-based systems. It's this type of automation that is a key priority for many companies wanting to improve their efficiency and remain competitive.
Over the past five years, WiseTech has doubled its revenue to US$778.7 million. Looking ahead for FY26, management expects revenue to grow around 80% to a whopping US$1.4 billion.
Analysts are bullish on WiseTech shares
The team at Bell Potter recently said it thinks that this beaten-down logistics solutions technology company could be an ASX 200 share to buy. It has a buy rating and $100 price target on WiseTech shares.
Analysts at Macquarie have also upgraded their outlook on the stock, stating that they see limited risk associated with the company's upcoming half-year results. Although the broker remains cautious on full-year results and FY 2027 guidance. Macquarie has an outperform rating and $108.50 price target on WiseTech shares.
But some analysts are even more bullish on their outlook for WiseTech shares. TradingView data shows that 13 out of 15 analysts have a buy or strong buy rating on the stock.
The average target price is $109.38 per share, which implies a 66.99% potential upside in 2026, at the time of writing. But some analysts think the share price could soar to $176.85 a piece in the next 12 months. That suggests a potential 170% upside ahead for investors.
I think soaring past $170 is optimistic. But I do think the stock's strength and ability to capture market share amid a potential AI boom give it the potential to pass the $150 per share mark in 2026.
