WiseTech Global Ltd (ASX: WTC) shares fell another 4.22% on Tuesday and closed the day at $36.79 a piece.
The decline means WiseTech shares have now fallen around 46% for the year-to-date and are nearly 66% lower than 12 months ago.
It's been a steep and sustained share price crash for WiseTech shares, driven mostly by a tech-sector wide sell-off and an investor rotation to more stable assets amid global volatility earlier this year.
The question now is, if you own WiseTech shares, what should you do with them?
Should you sell up ahead of the next share price crash? Or hold tight and wait? Or buy more while the stock is dirt-cheap?
Here's what the experts think.
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WiseTech shares are tipped to fly higher
Hold onto your seats, it looks like WiseTech shares are about to take off.
Market Index shows that the majority of brokers are very bullish on the ASX tech stock and hold a strong buy rating. The average $72.39 target price implies a potential 97% upside over the next 12 months, at the time of writing.
TradingView data shows something similar. Out of 14 analysts, 11 have a buy or strong buy rating on WiseTech shares. Another three have a hold rating.
Their average target price is a little lower, at $69.68, which implies a potential 89% upside at the time of writing. But the more bullish of the bunch are tipping an enormous 224% upside to a maximum target price of $119.08 over the next 12 months.
My view on WiseTech shares
The company's CargoWise platform is deeply embedded in the global logistics industry. That means it's difficult to replace and gives WiseTech a strong competitive advantage in the market.
In fact, CEO Zubin Appoo recently commented that AI is actually strengthening the company's advantage in the market. Rather than replacing the need for WiseTech's subscription-based software, he said the company's AI capabilities work to unlock efficiency gains and add value to customers.
I think WiseTech's future hinges on its FY26 results. WiseTech reaffirmed its FY26 guidance earlier this year, expecting full-year revenue of US$1.39 billion to US$1.44 billion (representing a 79%–85% increase) and EBITDA in the range of US$550 million to US$585 million, up 44% to 53% from FY25.
If the company pulls it off, or even exceeds expectations I think it will create a turnaround in investor sentiment, potentially sending the share price much higher as investors rush to snap up WiseTech shares for cheap.
