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.
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.
