S&P/ASX 200 Index (ASX: XJO) shares are 0.4% higher at 9,077.7 points on Friday.
As earnings season nears its end, Morgans has reviewed the following companies' reports and given them a buy rating.
Here's why.
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WiseTech Global Ltd (ASX: WTC)
The WiseTech share price is $41.14, up 4% today and down 59% over 12 months.
WiseTech released its FY26 results this week.
Morgans reiterated its buy rating on the ASX 200 tech share.
The broker cut its 12-month price target from $67 to $62.50.
This implies a potential 52% upside ahead for WiseTech shares.
Morgans said:
WTC's FY26 result was largely in line with Morgans forecasts (MorgansF), with FY26 revenue of US$1,396m and EBITDA of US$558m coming in towards the lower end of its initial FY26 guidance range.
While CargoWise revenue growth of +11% was softer than expected, WTC delivered annualised run-rate savings of ~US$115m in FY26, supporting further margin expansion into FY27.
FY27 guidance will see revenue growth 2H-weighted, reflecting the timing of growth initiatives, while Underlying EBITDA guidance of US$725-780m implies EBITDA margins tracking back towards 49-51%.
Flight Centre Travel Group Ltd (ASX: FLT)
The Flight Centre share price is $12.07, down 1% today and down 5% over 12 months.
Flight Centre released its FY26 report this week.
Morgans reiterated its buy rating on the ASX 200 consumer discretionary share.
The broker lowered its 12-month price target from $14.80 to $14.25.
This implies potential capital gains of 18% ahead for Flight Centre shares.
Morgans said:
FLT's FY26 result came in at the lower end of guidance which is disappointing given its 18 June trading update. Leisure was the key miss for us. Corporate had a strong year (+28% NPBT growth), while Leisure was weak (NPBT -22%) given the Middle East conflict.
Outlook comments disappointed with Corporate expected to have a weak 1H27, followed by growth in the 2H27. Pleasingly, Leisure is off to a strong start.
While investors will need to be patient for another six months, FLT's fundamentals remain attractive (FY27F PE of 11.6x) …
When operating conditions ultimately improve, both its earnings and share price will be materially higher.
Netwealth Group Ltd (ASX: NWL)
The Netwealth share price is $21.40, down 0.5% today and down 38% over 12 months.
Netwealth released its FY26 earnings this week.
Morgans increased the ASX 200 financial share to a buy rating with a $27.50 target.
This implies potential gains of 28% ahead for Netwealth shares.
Morgans said:
NWL reported FY26 Revenue +21%; EBITDA +18%; and NPAT +16% on pcp, which was largely in line with MorgF / Consensus expectations.
Whilst flows momentum 1Q27 to date has seen a slower start, NWL reaffirmed its FY27 Flows guidance of $18-20bn, with the cadence of flows from MS and other sources expected to step up over the course of the year.
