WiseTech Global Ltd (ASX: WTC) shares are back in recovery mode on Friday.
At the time of writing, the WiseTech share price is up 5.13% to $41.58, helped by a strong night for US tech stocks.
Shareholders will probably welcome the rebound after what has been a rough couple of days.
WiseTech shares fell from $45.47 on Tuesday to $39.55 on Thursday, wiping around 13% off the stock in just two sessions following the company's FY26 result.
It has been a pretty wild month overall. Even after that sell-off, the shares are still up around 30% over the past month. However, they remain down roughly 40% since the start of 2026.
So, with the share price bouncing again, could there be more upside ahead?
Here's what the brokers think.
Brokers are still mostly bullish
Despite the recent volatility, brokers remain pretty positive on WiseTech shares.
According to TipRanks, 9 analysts currently rate the stock as a buy, while 2 have hold ratings.
The average 12-month price target is $57.77. Based on the current share price, that suggests the shares could climb around 39% from here.
Nonetheless, there is still a wide range of views on where the share price could end up. The highest target is $70, while the lowest sits at $40.
While most brokers remain bullish, there's clearly some uncertainty over just how much upside WiseTech still has.
The latest broker calls
Several brokers have updated their views since Wednesday's result.
Morgan Stanley kept its buy rating and $70 price target. Bell Potter also remains bullish, although it lowered its target from $71.75 to $65.
Citi went the other way, lifting its price target from $55.05 to $58.75. UBS cut its target from $65 to $56 but kept its buy recommendation.
Macquarie also nudged its target higher to $48.20 and retained its buy rating.
Not every broker is convinced, though. Jefferies downgraded WiseTech to hold and set a $45 target, while JPMorgan has a hold rating and $40 target.
Morgans also made a change today, trimming its price target by 6.7% to $62.50.
Even after the cut, Morgans still sees around 50% upside from where WiseTech shares trade today.
What should investors watch?
There are still a few things investors will want to keep an eye on from here.
Management is guiding for FY27 revenue of $1.48 billion to $1.54 billion and underlying EBITDA of $725 million to $780 million.
The company is also looking for more savings from e2open and greater use of AI across the business.
At the same time, the market will want to see WiseTech deliver on that guidance, especially with regulatory concerns still hanging over the company.
The shares have bounced strongly from their June low of $28.76, but recent sessions show how quickly sentiment can change.
