Want some exposure to the tech sector? If you've answered yes, then it could be worth checking out the three ASX tech stocks in this article.
That's because they have recently been named as buys by the team at Morgans. Here's what it is recommending to clients:
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Megaport Ltd (ASX: MP1)
Morgans was pleased with Megaport's performance in FY 2026 and guidance for the year ahead. It notes that this is being driven by record performances from both its Network and Compute businesses.
In light of this and its very positive earnings growth outlook, the broker has put a buy rating and $25.00 price target on the ASX tech stock. It said:
MP1's FY26 underlying EBITDA and FY27 EBITDA guidance were above market expectations. Both Network and Compute delivered record growth. At first glance, simple maths suggests MP1's funding position looks tight. However, there is nearly $500m of additional funding that got lost in translation. We think MP1 ends FY27 with nearly $600m of surplus liquidity (assuming no new deals get signed). Our maths is explained in detail overleaf. Deals already contracted deliver $620m of annualised contracted EBITDA which means after EBITDA lifts 3x YoY in FY27, it will more than double into FY28, based on deals already signed. We upgrade to a Buy recommendation and $25 target price.
Objective Corporation Ltd (ASX: OCL)
Another ASX tech stock that has been given the thumbs up by Morgans is software provider Objective Corporation.
While it was disappointed with a legacy contract loss, it expects annual recurring revenue (ARR) momentum to continue in FY 2027 and beyond.
So, with its shares down near multi-year lows, the broker has retained its buy rating with an $8.50 price target. It said:
OCL's FY26 result was largely in line with expectations. The result came however with more sticker shock in the form of another legacy contract loss leading to a further $3.2m ARR reduction. OCL enters FY27 with ARR of $114.1m. Despite this softening & FX headwinds during the year, OCL continued to see strong underlying SaaS growth momentum and progress of a number of strategic milestones (including the launch of Build Australia), which is key to ARR momentum and FY27+ outlook. Rebasing our forecasts for OCL's revised FY27 ARR and guidance sees our NPAT estimates reduce by ~18-21% in FY27-28F. Following these revisions OCL is trading on FY27F P/E of 24x, with a share price near 5 years lows. We therefore reiterate our BUY rating with a revised PT of $8.50/sh.
WiseTech Global Ltd (ASX: WTC)
Finally, Morgans remains positive on this logistics software company and believes it is an ASX tech stock to buy now.
After delivering a result that was largely in line with expectations, Morgans retained its buy rating on WiseTech shares with a $62.50 price target. It 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%. Our Underlying EBITDA forecasts are revised by +3%/-2% in FY27-FY28F and we retain our BUY rating with a price target of A$62.50ps (previously A$67.00ps).
