WiseTech Global Ltd (ASX: WTC) shares are taking a tumble today.
Shares in the S&P/ASX 200 Index (ASX: XJO) logistics software solutions company closed trading yesterday for $51.08. As we eye the Wednesday lunch hour, shares are changing hands for $49.05 apiece, down 4.0%.
For some context, the ASX 200 is up 0.8% at this same time.
With today's intraday losses factored in, WiseTech shares are now down a sharp 43% since this time last year.
But looking to the year ahead, Red Leaf Securities' John Athanasiou expects far better performance from the ASX 200 tech stock (courtesy of The Bull).
Here's why.
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Should you buy WiseTech shares today?
"WTC develops and provides software solutions to the global logistics industry," said Athanasiou, who has a buy rating on the stock.
The first reason he's bullish on the ASX 200 tech stock is the potential for AI to significantly reduce the company's labour costs and increase overall productivity.
According to Athanasiou:
Artificial intelligence (AI) continues to be embedded across its software, which is likely to cut 2,000 jobs in fiscal years 2026 and 2027. AI enhances productivity across CargoWise logistics datasets and global integrations.
The second reason you might want to buy the dip on WiseTech shares is the strong earnings and revenue growth the company achieved in H1 FY 2026.
"First half revenue in fiscal year 2026 exceeded expectations. Synergies from e2open were delivered 18 months early, and customer retention remains about 99%," Athanasiou said.
As for the third reason WiseTech shares could be set to outperform, Athanasiou concluded:
With dominant network effects across more than 190 countries, improving cost discipline and scalable growth opportunities, WiseTech offers a structurally de-risked path to margin expansion.
What's the latest from the ASX 200 tech stock?
WiseTech reported its half-year results on 25 February.
As for that expectation beating revenue Athanasiou mentioned above, the company reported revenue of US$672 million, up 76% year on year. That figure includes the five-month revenue contributions from US supply-chain software company e2open, which WiseTech acquired in August. Half-year revenue was up 7% organically.
On the earnings front, reported earnings before interest, taxes, depreciation and amortisation (EBITDA) was up 31% from H1 FY 2025 to US$252.1 million. Organic EBITDA was up 7% to US$208.4 million.
"We continue on our deliberate AI transformation journey," WiseTech CEO Zubin Appoo said.
Appoo added:
AI is strengthening our advantage, enabling significantly more automation and value for our customers, embedding our products more deeply into their daily operations, and unlocking levels of efficiency gains across WiseTech that were previously out of reach.
WiseTech shares closed up 11.1% on the day of the results release.
