WiseTech Global Ltd (ASX: WTC) shares have climbed higher over the past couple of weeks as investors renew their interest in the once beaten-down technology stock.
It's a step in the right direction, but there is a long way for the shares to go before they've recouped the huge losses incurred over the past 15 months.
WiseTech shares experienced a brutal downturn in July last year. The selloff then continued through 2026 as the company shed a large portion of its value over a sustained period of decline.
At the time of writing, the shares are trading at $41.05 each. That's a 25% increase over the past month, but 40% down year to date.
It might not be all sunshine and roses just yet, but I still see three compelling reasons I'd add WiseTech shares to my portfolio before the end of October.
Image source: Getty Images
1. Governance overhang has lifted
In mid-October, the company announced that the Australian Securities and Investments Commission (ASIC) had closed two investigations involving WiseTech and its personnel.
These include share-trading investigations into founder Richard White and two current employees. ASIC issued no-action letters confirming it will not pursue enforcement action against those individuals.
ASIC also concluded a separate governance investigation that began in late 2024, confirming that no enforcement action will be taken against WiseTech.
Meanwhile, an investigation involving another individual who is not a company employee remains ongoing.
But it looks like the latest update has cleared a lot of governance overhang. These concerns have weighed heavily on the company's underlying business and kept the share price depressed over the past 15 months.
I think that the easing of these headwinds gives WiseTech shares room to jump higher as investors get back on board.
2. Solid performance is expected to continue
WiseTech's CargoWise platform is deeply embedded in the global logistics industry. CargoWise handles everything from complex customs clearances, tax compliance, and cross-border freight tracking to warehouse management and billing. It's incredibly difficult to replace without causing operational chaos. This gives WiseTech both security and a competitive advantage against its peers.
The company has already proven that it is well-placed to drive further growth, too.
In August, the company reported an impressive 46% increase in its EBITDA to US$558.4 million for FY26, which came in line with its previous guidance. Total revenue was also up, by 79% to US$1,395.9 million, again within guidance.
Looking ahead, WiseTech forecasts total revenue to climb to US$1.48 billion to US$1.54 billion for FY27. That's a 6-10% increase from its FY26 revenue of US$1,395.9 million.
The company is also guiding underlying EBITDA growth between 12% and 21%, with a margin uplift to 49-51%.
Management said it will continue to focus its attention on integrating e2open. It also plans to continue rolling out its new commercial model, accelerate AI-driven product development, and drive margin expansion and debt reduction in FY27.
I think that if global trade volumes continue to expand and supply chains become more digital, WiseTech could further strengthen its market position.
3. Expert forecasts tip a strong upside ahead for WiseTech shares
Analysts and brokers are bullish that the shares can climb much higher. On both Market Index and TradingView, the majority of experts have a strong buy rating. They have an average target price of $58.07 and $57.76, respectively. Both of these imply a potential upside of around 41%, at the time of writing.
With consensus broker targets pointing to a robust upside, it looks like the recent monthly rebound marks the early stages of a powerful structural recovery for WiseTech shares. I think it's worth getting in fast.
