Tech shares haven't had it easy lately. Between higher interest rates, valuation resets, and ongoing debate around artificial intelligence (AI), a number of quality names have been pushed well below their previous highs.
That doesn't remove the risk. But it does change the opportunity.
Here are three ASX tech stocks I think are looking like bargains at current levels.
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Catapult Sport Ltd (ASX: CAT)
Catapult operates in a technology niche that continues to expand. It provides performance analytics and wearable technology to professional sports teams around the world.
What stands out to me is how embedded its products are within elite sport. Teams rely on its data to manage performance, reduce injury risk, and gain a competitive edge. That creates a level of stickiness that is difficult to replicate.
The ASX tech share has also been shifting toward a more recurring revenue model, which is supporting strong growth. In fact, this week, Catapult announced that it expects to report annualised contract value (ACV) growth of 27% to 28% in FY26 to US$133 million to US$134 million.
So, after a significant share price pullback, I think a buying opportunity has opened up for investors.
WiseTech Global Ltd (ASX: WTC)
WiseTech Global has been one of the most heavily sold-off tech shares on the ASX.
Much of that appears to be driven by concerns around AI and how it could impact software platforms. But I think that risk is being misunderstood.
WiseTech is integrating AI into its CargoWise platform, using it to automate workflows and improve efficiency across global logistics. Rather than replacing the business, I believe AI could strengthen its market position.
With a deeply embedded platform, global reach, and strong recurring revenue, I still see this as a high-quality company trading at a far more reasonable price than it was a year ago.
SiteMinder Ltd (ASX: SDR)
Lastly, SiteMinder adds exposure to the global travel and hospitality technology space. Its platform helps hotels manage bookings, distribution channels, and revenue, connecting them to a wide range of online travel agencies.
What I like here is the scale of the opportunity. The accommodation sector is still digitising, and SiteMinder is positioned as a key infrastructure layer within that ecosystem.
As more hotels move toward integrated platforms, the company has the potential to grow both its customer base and revenue per user.
Like many growth stocks, it hasn't been spared from the recent AI sell-off. But that could be an overreaction, especially with management working on an AI agent solution for its platform that leverages the technology and doesn't get replaced by it.
Foolish Takeaway
Sell-offs in tech can be uncomfortable, but they can also create opportunities to buy quality businesses at more attractive prices.
Catapult, WiseTech, and SiteMinder are all operating in growing industries, with business models that have the potential to scale over time.
For patient investors, I think these are the types of ASX tech shares that could be worth buying and holding through the volatility.
