It has been a tough period for growth investors, with a number of popular ASX growth shares down heavily from their highs.
But every cloud has a silver lining. The silver lining here is that you can now buy some quality shares at a deep discount to what investors were willing to pay just a year ago.
With that in mind, let's look at two ASX growth shares down over 50% that Bell Potter is tipping as strong buys this month. They are as follows:
Image source: Getty Images
Catapult Sports Ltd (ASX: CAT)
The Catapult Sports share price is down 59% from its 52-week high. This is despite the sports technology company continuing to deliver impressive and profitable growth.
Bell Potter appears to believe this could be a buying opportunity for investors. This is especially the case given its leadership position in a market that is expected to double in size by the end of the decade.
Commenting on the ASX share, the broker said:
Catapult Sports is a leading global provider of elite athlete wearing tracking solutions and analytics for athlete tracking. The key target market of Catapult is elite sporting teams and organisations and the acquisition of SBG also now gives the company a presence in motorsports.
The pro sports technology market is currently valued at US$36bn in 2025 and is forecast to double to US$72bn by 2030. We view CAT as a market leader entering a stronger phase of cash generation and operating leverage, with an underpenetrated global customer base and expanding analytics suite providing a long runway for subscription growth and valuation upside.
WiseTech Global Ltd (ASX: WTC)
The WiseTech Global share price is down 63% from its 52-week high.
While there are a number of reasons for this decline, the main one appears to have been artificial intelligence (AI) disruption fears.
Bell Potter doesn't appear to believe this is warranted and is urging investors to buy the ASX share while it is down in the dumps.
WiseTech is a leading global provider of software solutions to the logistics industry, with its market-leading CargoWise One platform used by many of the world's largest logistics providers. The company's quality is underpinned by a highly predictable business model, with around 95% of its revenue being recurring and a customer churn rate of less than 1%. This provides clear and consistent cash flow, enabling a distinct path to deleverage, with management confident in reducing ND/EBITDA from ~3x in FY26 to 1.7x in FY27.
We note that WiseTech is currently trading at >30% discount to Technology One on an EV/EBITDA basis in both FY26 and FY27. While we believe some sort of discount is now warranted, we believe the current discount is excessive given WiseTech has greater forecast earnings growth over the medium term and also a similar strong competitive moat due to 30 years of proprietary data, deeply embedded software and high switching costs.
