WiseTech Global Ltd (ASX: WTC) shares have continued falling further into the red this week.
At the close of the ASX on Tuesday afternoon, the technology stock was down another 3% to $35.25. That means the shares are now down 49% year-to-date and are a huge 63% lower than 12 months ago.
It's been well-documented that the business has been smashed by a tech-sector wide selloff this year, and an investor rotation into more defensive assets amid global volatility earlier this year.
It hasn't helped that the company itself has been thrust into the spotlight on a number of occasions, putting pressure on an already depressed share price.
There have been a series of updates and media reports in 2026. This included coverage of investigations into founder Richard White by the Australian Federal Police (AFP) and, more recently, news that the Australian Competition and Consumer Commission (ACCC) had executed a search warrant at the company.
ASIC and the AFP also searched WiseTech Global's headquarters in late October 2025.
Then, late last month, WiseTech posted its FY26 results. On the surface the earnings result was positive, and earnings were in line with analyst expectations. But its EBITDA figures came in short of market forecasts and investors rushed to sell up.
The question now is, are WiseTech shares still a buy? Or will any investment made today turn into a loss by September 2027?
Image source: Getty Images
What's ahead for the ASX tech shares?
WiseTech shares have had a difficult year so far, but the company continues to hold a competitive advantage in the global logistics market.
And brokers are bullish that we could see a strong rebound ahead.
Market Index shows that all brokers have a strong buy rating on WiseTech shares. The average $61.19 target price implies a potential 74% upside over the next 12 months, at the time of writing.
TradingView data also shows that some brokers are even more positive. Out of 17 analysts, 13 have a buy/strong buy rating and the other four rate the shares as a hold.
The average target price is a little lower, at $57.19. This implies a potential 62% upside over the next 12 months, at the time of writing. Some think WiseTech shares could rocket 184% over the next 12 months, to $100.09 each by this time next year.
So, if I buy $5,000 of WiseTech shares today, what could they be worth in 12 months?
Assuming the average target price comes to fruition, that means a $5,000 investment today could be worth around $8,100 to $8,700 in 12 months time.
But if the more bullish expert forecasts hold, a $5,000 investment today could grow to an enormous $14,200 by this time next year.
