It has been a turbulent couple of years for the WiseTech Global Ltd (ASX: WTC) share price.
During this time, the logistics software provider's shares have been as high as $135.00 and as low as $28.76.
From top to bottom, that is a decline of almost 80%.
Today, the WiseTech share price is trading closer to its lows than its highs at $36.76.
But where could it be in 12 months? Let's see what a number of analysts are saying about the fallen tech star.
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Where is the WiseTech share price going?
The good news is the broker community is overwhelmingly positive on the investment opportunity here and believes there is plenty of upside potential between now and this time next year.
The team at Macquarie, for example, recently put an outperform rating and $48.20 price target on its shares.
Based on the current WiseTech share price, this implies potential upside of just over 30%.
Elsewhere, Citi and UBS see potential for even more upside over the period. They have buy ratings and $58.75 and $56.00 price targets, respectively, on its shares. This suggests upside of 52% to 60% over the next 12 months.
More bulls
Over at Morgans, its analysts responded positively to the company's full-year results and put a buy rating and $62.50 price target on its shares. This implies potential upside of 70% for investors over the next 12 months. 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).
Finally, the team at Bell Potter is even more bullish. Following its results release, the broker retained its buy rating with a trimmed price target of $65.00. Based on the latest WiseTech share price, this suggests that upside of over 75% is possible by this time next year.
Commenting on its recommendation, Bell Potter said:
In our view the issue with the result was the guidance and, in particular, the expected 45%/55% H1/H2 split in CargoWise revenue this year which implies mid single digit growth in H1 and strong double digit growth in H2. While we reflect this skew in our forecasts, we adjust for the risk in our valuation by reducing the multiples we apply in the PE ratio and EV/EBITDA and also increasing the WACC we apply in the DCF. The net result is a 9% decrease in our TP to $65.00 and we retain the BUY.
Overall, if the company executes on its plans and delivers on the market's expectations, it could be a good 12 months for investors. Though, time will tell if that is the case.
