If I had $2,000 to put into one ASX growth stock today, I would be seriously looking at WiseTech Global Ltd (ASX: WTC) shares.
As well as being a world-class company, I think its share price is now far more attractive relative to its long-term growth potential.
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A global software leader with a huge runway
WiseTech is the company behind CargoWise, a logistics execution platform used by freight forwarders and global supply chain operators.
What I like about WiseTech is that it isn't a niche domestic software provider. It's embedded in global trade flows. Its platform handles customs, compliance, forwarding, warehousing, and increasingly adjacent services. Once a customer is onboarded, switching is disruptive and costly. That creates stickiness and pricing power.
Global trade isn't going away. If anything, it is becoming more complex. Compliance requirements, digital documentation, and cross-border visibility all play into WiseTech's strengths. Over time, I think that complexity favours established platforms rather than new entrants.
The numbers suggest serious growth ahead
According to CommSec, consensus earnings per share estimates are:
- 66.3 cents in FY26
- 92.5 cents in FY27
- $1.19 in FY28
With the share price at $42.99, that puts WiseTech on roughly 36 times estimated FY28 earnings.
For a mature industrial company, that would be expensive. For a global software platform that has historically grown earnings strongly and still has significant expansion opportunities, I actually think that looks reasonable.
If the company can execute on product expansion, cross-sell into its existing customer base, and integrate recent acquisitions like e2open effectively, those FY27 and FY28 numbers could prove to be achievable.
I believe the market is still pricing in a lot of doubt.
Why the pullback could be an opportunity
WiseTech's share price has fallen sharply over the past 12 months. The decline hasn't just been about broader tech weakness. It has also reflected company-specific issues, including slowing growth in parts of the core business, management and board upheaval, and insider trading allegations against founder Richard White.
Those are not trivial matters. But they are also not structural breaks in the business model.
Bell Potter recently noted that these issues are starting to subside and that focus is returning to the core business outlook, which it believes is improving with new product launches, a revised commercial model, and the integration of e2open. The broker expects a much stronger second half in FY26 compared to the first, with fuller benefits evident in FY27. It has a buy rating and a $87.50 price target on the shares.
I don't base my view solely on broker targets, but it does highlight how much upside analysts see if execution stabilises.
Why I'd consider allocating $2,000
If I were allocating $2,000 today, I would be thinking in three-to-five-year timeframes, not three months.
At around 36 times projected FY28 earnings, I think the risk-reward is becoming more compelling than it has been in years. If WiseTech delivers on those earnings expectations and continues to scale globally, the current share price could look cheap in hindsight.
There are risks. Guidance could be trimmed. AI could be disruptive. Growth could slow. Integration could disappoint. But for a long-term growth investor, I believe the balance of probabilities is shifting.
For me, WiseTech stands out as one of the smartest ASX growth stocks to consider with $2,000 right now.
