Share prices are always changing, which gives investors the opportunity to buy undervalued ASX shares.
After analysing ASX-listed businesses, experts often determine whether they believe they are overvalued, fairly valued, or undervalued.
Let's look at two ideas that analysts reckon could rise significantly.
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WiseTech Global Ltd (ASX: WTC)
WiseTech was one of Australia's largest software businesses before sinking around 66% in the past year. The company has more than 22,000 logistics companies as clients across 193 countries, including 46 of the top 50 global third-party logistics providers and 23 of the 25 largest global freight forwarders worldwide.
It's still a large player, but it has taken a big hit to its valuation.
Analysts seem to think the business has been oversold in response to concerns about governance issues, distractions to management and so on.
According to CMC Invest, there have been nine ratings on the business in the last three months. There have been eight buy ratings and one hold rating. The average price target of $59.04 from those nine analysts suggests a possible 56% rise over the next 12 months from where it is at the time of writing.
There are a couple of sizeable positives about the business.
The ASX share is integrating its e2open acquisition, with its annualised cost synergy target of $50 million achieved nearly a year and a half earlier than planned. The deal can help WiseTech provide clients with a more complete end-to-end service.
Despite a hit to profit margins following the e2open deal, the company's revenue is still rising at a solid pace. In the FY26 half-year result, WiseTech reported that CargoWise – its main software offering – saw 12% revenue growth with 9% organic growth.
According to the projection on Commsec, the WiseTech share price is valued at 27x FY27's estimated earnings.
West African Resources Ltd (ASX: WAF)
West African Resources describes itself as the region's emerging mid-tier gold producer. It says it's on track to produce 5.3 million ounces over the next decade, with annual production set to peak at 596,000 ounces of gold in 2030.
According to CMC Invest, there have been three analyst ratings on the business in the last three months. All three of those ratings were buys. The average price target from those three analysts was $4.72, which suggests a possible 57% rise over the next 12 months from where it is at the time of writing.
The business recently provided its quarterly update for the three months to June 2026. It produced 125,179 ounces at an all-in sustaining cost (AISC) of US$1,730 per ounce, while selling 110,737 ounces at a realised price of US$4,556 per ounce. The operating cash flow came to A$249 million.
These ASX shares are two to consider for investors, though there may be even better opportunities.
