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Author bio
Samantha Menzies is a writer and editor with close to 20 years' experience covering finance, investing, business and property in Australia and the UK. She has held senior editorial roles at Yahoo Finance Australia and written for leading financial publications including The Motley Fool Australia, InvestorDaily, IFA, KangaNews and Euromoney Institutional Investor.
Samantha specialises in Australian and global share markets, personal finance, investing tips, business, property and economic news. As a freelance writer, she helps businesses and professionals communicate complex financial topics with clarity, accuracy and impact through high-quality editorial content.
Areas of expertise
Australian and global share markets
Personal finance
Investing tips
Business, property and economic news
Education
Bachelor of Arts, Nottingham Trent University
Social media
LinkedIn
Favorite investment quote
"Price is what you pay. Value is what you get."
— Warren Buffett
Published
ASX shares have been under extreme pressure throughout 2026.
The sharemarket has faced double-edged headwinds thanks to a combination of aggressive monetary policy, severe geopolitical volatility amid conflict in the Middle East, disruption in global energy markets, and a structural economic slowdown in China.
Much of this year's volatility has also trickled down to individual ASX company balance sheets, causing margin compression, higher debt, and slower growth.
The All Ordinaries Index (ASX: XAO) is down around 2% at the time of writing. Although the S&P/ASX 200 Index (ASX: XJO) has fared a little better, and is up around 0.5% for the year to date.
But what I've noticed is that not every single sell-off is founded on the data. Instead a lot of it is driven by fear and uncertainty.
And that made me start to wonder, which shares are the most oversold?
I hunted around for the ASX companies that have suffered huge share price losses this year, and then pinpointed the ones with credible growth potential and a meaningful upside to analyst targets.
Seek shares were pretty stable through January, but crashed around 30% though March and have continued falling ever since.
At the time of writing, the job listings website company's shares are down around 42% for the year to date and are trading for $13.56 a piece.
The company has faced heavy and continued downward pressure and volatile trading conditions throughout the past 10 months. It has been hit by a series of headwinds, including softer job advertisement volumes, inflation concerns, and fears that generative AI and competing platforms could disrupt traditional online employment marketplaces.
And this has had a devastating effect on the company's financial performance.
But, when I look closer, it seems like investors turned their back on the oversold shares without looking at the full picture.
Seek has a leading market share among the job advertising sector across Australia, New Zealand, and also some key regions in Asia.
This dominance, combined with its variable pricing model, means the company has exceptional pricing power and is able to preserve its margins. Even when job ad volumes are softened, the company is able to grow its yield per ad by shifting customers toward higher-tier products and depth packages.
Seek demonstrated this in its FY26 results. The company announced that its sales revenue climbed 17% to $1.284 billion. Meanwhile, net revenue increased 10% to $1.199 billion, EBITDA grew 15% to $530 million, and adjusted profit was up 28% to $199 million.
The results represent Seek's sixth consecutive year of double-digit revenue growth despite softer job ad volumes and strong yield gains.
Clearly, the company is doing something right.
On top of this, Seek is actively leaning into AI. Instead of viewing AI as a replacement for some of its services, the company is heavily integrating it into its candidate search experience and employer hiring tools.
The experts are bullish about the outlook for Seek shares, too. TradingView data shows the majority of analysts have a buy/strong buy rating on the shares. All of them agree on an upside ahead. The maximum $26.40 target price implies the shares have the potential to explode 95% higher over the next 12 months.
At the current trading price, Seek shares look way oversold and under priced to me.
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