Technology shares have had a rough period recently as investors reassess valuations and the potential impact of artificial intelligence (AI) on the sector.
But history shows that selloffs in high-quality tech businesses can often create opportunities for long-term investors.
With that in mind, here are three ASX tech stocks that brokers continues to rate as buys.
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WiseTech Global Ltd (ASX: WTC)
The first ASX tech stock that could be a buy is WiseTech Global.
WiseTech develops software used by freight forwarders, logistics companies, and global supply chains. Its flagship CargoWise platform helps customers manage everything from customs compliance to shipment tracking across international trade networks.
Logistics is one of the most complex industries in the world. As global trade grows and supply chains become more digital, the demand for sophisticated software platforms continues to rise.
WiseTech's strategy has also included acquiring smaller software providers around the world and integrating their capabilities into CargoWise. Over time, this has expanded the platform into a comprehensive operating system for global logistics.
If the company continues to execute on this strategy, it could remain a major technology provider to the global freight industry for many years.
Morgans is bullish on WiseTech and has a buy rating and $83.80 price target on its shares.
Life360 Inc. (ASX: 360)
Another ASX tech stock that could be a buy is Life360.
Life360 operates a family safety and location-sharing platform that allows users to stay connected with family members. While the core service began as a simple location app, the platform has evolved into a broader safety ecosystem.
The company now offers services such as crash detection, emergency dispatch, and digital driver reports. These features have helped Life360 convert more of its large user base into paying subscribers.
Importantly, the company still has millions of active users who use the platform for free. This provides a large pool of potential future subscribers as Life360 continues introducing new services and features. In addition, it has an advertising business which is able to leverage its troves of data to monetise its free users.
As digital safety services become more important for families, the company has a long growth runway.
Last week, Morgan Stanley put an overweight rating and $50.00 price target on Life360's shares.
Xero Ltd (ASX: XRO)
A final ASX tech stock that could be worth considering is Xero.
Xero provides cloud-based accounting software to small and medium-sized businesses. Its platform allows companies to manage invoices, payroll, and financial reporting through a simple online interface.
The company has built a strong presence in markets such as Australia, New Zealand, and the United Kingdom, and continues to expand its reach in North America.
What makes Xero particularly interesting is its growing ecosystem. Beyond accounting, the platform connects with a wide range of financial services, payment systems, and business applications.
This ecosystem approach makes Xero increasingly embedded in the day-to-day operations of its customers. As businesses adopt more digital tools, platforms like Xero can become central to how companies manage their finances.
UBS currently has a buy rating and $174.00 price target on Xero's shares.
