After a brutal 6 months, the largest names on the ASX tech scene have staged a sharp rebound over the past five trading days. Investors are piling back into the sector, and the turnaround has been fast.

Let's take a closer look how each ASX tech share fared.

WiseTech Global Ltd (ASX: WTC)

Leading the charge is WiseTech, which has surged an eye-catching 26% in just a week. That's a major reversal for an ASX tech share still down 33% year to date.

The company's CargoWise platform remains deeply embedded in global logistics networks, giving it strong recurring revenue and pricing power. However, expectations are high, and any slowdown in global trade or earnings growth could quickly pressure the share price again.

Xero Ltd (ASX: XRO)

This ASX tech share has also bounced strongly, climbing 16% over the past five days, though it remains down 28% in 2025.

The cloud accounting leader continues to grow its global subscriber base, particularly in key offshore markets. Its long-term growth story is intact, but investors are still watching closely for improvements in profitability and margins.

Megaport Ltd (ASX: MP1)

One of the biggest movers has been Megaport, which has jumped 28% in a matter of days, despite being down 30% year to date.

The company is benefiting from structural demand as more businesses shift to cloud-based infrastructure. Still, this ASX tech share remains a volatile name, and sentiment can swing quickly if execution falls short.

NextDC Ltd (ASX: NXT)

Meanwhile, NextDC is in a different position altogether. Its shares have risen 11% over the past week and are now up 12% for the year.

The data centre operator sits at the heart of powerful trends including artificial intelligence and cloud computing. That demand is driving growth, though its capital-intensive expansion plans mean investors must keep an eye on costs and project execution.

TechnologyOne Ltd (ASX: TNE)

Rounding out the group is TechnologyOne, which has climbed 13% in five days and is now up 11% year to date.

The ASX tech share has been one of the steadiest performers in the sector, supported by its successful transition to a software-as-a-service model. Its consistency is a strength, although any slowdown in contract wins or enterprise spending could temper momentum.

Foolish Takeaway

The sharp rebound across these names highlights just how quickly sentiment can shift in the tech sector. While some of these ASX tech stocks are still well below their earlier highs, the recent surge suggests investors are once again willing to back growth.

Whether this rally has staying power will likely depend on earnings delivery and broader market conditions, but for now, ASX tech is firmly back in the spotlight.

The post The tech rally is back: here are 5 ASX shares leading the charge appeared first on The Motley Fool Australia.

One of the beneficiaries of this has been Megaport Ltd (ASX: MP1), which delivered a record first-half result back in February.

The Citi team have had a look at the company and has a seriously bullish price target on the company's shares, which we'll get to later.

Strong demand for services

Firstly, let's look at why they're so enthusiastic about this stock.

One of the reasons is the rapid take-up of Megaport's compute as a service offering, Latitude, which the company acquired in November last year.

The company said at the time:

This acquisition brings Megaport's global Network as a Service (NaaS) platform together with Latitude.sh's compute platform to build an industry-leading platform where network and compute converge globally. This positions Megaport at the heart of the hybrid cloud and AI-driven future.

The Citi team said Latitude's graphics processing unit (GPU) capacity was sold out, which was a big positive.

According to Latitude's announcement, they had added 1,000 GPUs earlier this year and assuming a per GPU monthly rental rate of ~US$1,500 and assuming 100% utilisation would imply incremental annual recurring revenue (ARR) of US$18 million from the new GPUs. This is likely overstated as there could be discounts that could be provided but compares to our incremental ARR forecast of US$12.5 million in 2H26 and US$19 million in 1H27. The surge in GPU rental demand, Latitude's GPUs being sold out, as well as Latitude increasing prices, suggest upside risks to our Latitude ARR and FY27 revenue forecasts all else equal.

Citi said prices seem to have gone up as well.

Big first half

Megaport themselves said, in releasing their first-half results in February, that it was a record half, with ARR up 49% year on year to $338 million.

Chief Executive Michael Reid said at the time:

Our team delivered an outstanding first half performance, demonstrating the strength and resilience of the underlying business. Importantly, we achieved this while completing two strategic acquisitions and executing a successful capital raise. These initiatives extend our platform into adjacent markets and position Megaport for accelerated growth across Network, Compute, and AI.

Megaport's guidance for the full year was for revenue of $302 to $317 million, and EBITDA of 21% to 24% of revenue.

Citi's price target on Megaport shares is $14.65, compared to the current price of $8.49.

Megaport was valued at $1.45 billion at the close of trade on Thursday.

The post Shares in this $1.4 billion ASX data centre company could jump by 72% Citi says appeared first on The Motley Fool Australia.

All three of the outperforming stocks on my list for the week have strong technology links. And all three are up more than 20% for the week.

Which fast-rising ASX 200 shares am I talking about?

Read on!

WiseTech Global Ltd (ASX: WTC) shares join tech rally

WiseTech Global shares are setting the bar high this week.

Shares in the logistics software solutions company closed last Friday trading for $37.63. At the time of writing, shares are swapping hands for $46.50.

That sees this ASX 200 stock up 23.6% in this week's slumping market.

There's no price-sensitive news out from WiseTech this week. But ASX tech stocks have broadly outperformed this week, as witnessed by the 9.8% weekly gain in the S&P/ASX All Technology Index (ASX: XTX).

This broader outperformance comes amid hopes of successful negotiations in the Iran war. An end to the conflict would ease global inflationary pressures and the resultant pressures for central banks to boost interest rates. And tech stocks like WiseTech have proven to be sensitive to rate increases.

Moving on…

ASX 200 stock Megaport Ltd (ASX: MP1) rebounds from lows

The second ASX share screaming higher in this week's sinking market is Megaport.

Shares in the network-as-a-service solutions provider closed last week trading for $6.71 and are currently changing hands for $8.53 each. That sees this ASX 200 stock up 27.1% for the week.

There's also no fresh price-sensitive news out from Megaport this week. Like WiseTech, the stock looks to be benefiting from broader improved investor sentiment in the tech sector. And with Megaport shares trading at a multi-year closing low last Friday, investors look to have been bargain hunting.

Zip Co Ltd (ASX: ZIP) shares rocket on Q3 results

The fastest rising stock on my list for the week is Zip.

Shares in the buy now, pay later (BNPL) company closed last Friday trading for $1.85. At the time of writing, shares are trading for $2.37 each, putting this ASX 200 stock up a whopping 28.1% over the week.

A lot of those gains are being delivered today.

Zip shares are up 15.4% in afternoon trade following the release of the company's third-quarter (Q3 FY 2026) results.

Investors are piling into Zip shares today, with the BNPL stock reporting a 22.4% year-on-year increase in total transaction volume (TTV), which reached $4 billion.

And Zip achieved all-time high quarterly earnings, with earnings before tax, depreciation and amortisation (EBTDA) of $65.1 million, up 41.5% from Q3 FY 2026.

Zip also upgraded its full-year FY 2026 cash EBTDA guidance to no less than $260 million.

The post 3 ASX 200 stocks leaping higher in this week's slumping market appeared first on The Motley Fool Australia.

Some companies are already large and well established. Others are still in earlier stages, quietly building the foundations for something much bigger. Finding these businesses early can make a big difference to long-term returns.

With that in mind, here are three ASX 300 shares that I think could be much bigger in five years.

Megaport Ltd (ASX: MP1)

The first ASX 300 share that could have a much larger footprint in the future is Megaport.

It is evolving from a network connectivity provider into a broader infrastructure platform. With its move into compute through the Latitude acquisition, the company is positioning itself at the centre of how businesses deploy and manage cloud and AI workloads.

This shift could significantly expand its addressable market. Instead of just connecting infrastructure, Megaport is now moving toward enabling it.

If execution is strong, the company could become a much more important player in the global digital infrastructure space.

Morgans thinks Megaport's shares are seriously undervalued. It recently put a buy rating and $16.00 price target on them, which implies potential upside greater than 100%.

Netwealth Group Ltd (ASX: NWL)

Another ASX 300 share that could be significantly larger in the future is Netwealth.

Netwealth operates an investment platform used by financial advisers to manage client portfolios. It might not grab headlines, but the business model is incredibly powerful.

As funds under administration grow, revenue tends to rise alongside it. And because the platform is highly scalable, a large portion of that growth flows through to profit.

The company has been steadily gaining market share, supported by strong technology and service. If it continues on this path, the business could look very different in five years' time.

Morgan Stanley is a fan of the company and has an overweight rating and $35.00 price target on its shares. This suggests that upside of almost 40% is possible between now and this time next year.

Temple & Webster Group Ltd (ASX: TPW)

A third ASX 300 share that could grow meaningfully is Temple & Webster.

Temple & Webster operates in online furniture and homewares, a category that is still transitioning from physical stores to digital platforms.

While the company has faced periods of volatility, it has continued to build brand awareness and expand its customer base.

What is particularly interesting is its improving profitability. As scale increases, the business has the potential to generate stronger margins.

If the shift to online continues and the company executes well, it could be significantly larger in five years than it is today.

Bell Potter is bullish on the company's outlook. It recently put a buy rating and $13.00 price target on its shares, which implies potential upside of almost 100% for investors.

The post 3 ASX 300 shares that could be much bigger in 5 years appeared first on The Motley Fool Australia.

Two standout examples are Megaport Ltd (ASX: MP1) and Seek Ltd (ASX: SEK).

Over the past six months, Megaport shares have plunged 53%, while Seek has dropped 47%. Both have been caught in the same broad tech sell-off that has hit valuations across the sector.

So, is this the bottom or just another leg down?

Let's take a closer look.

Megaport: beaten down, but not broken?

This ASX tech stock has had a brutal run. But underneath the share price weakness, its core business continues to tap into a powerful long-term trend: the growth of cloud computing and data infrastructure.

Megaport provides network-as-a-service solutions, allowing businesses to connect to cloud providers quickly and efficiently. As demand for data, Artificial Intelligence, and cloud services accelerates, that positioning becomes increasingly valuable.

And there's a new tailwind emerging. According to Citi, demand for GPU rentals is surging, a trend that could significantly benefit Megaport's Latitude business. As companies race to access AI computing power, infrastructure providers like Megaport could sit right in the middle of that demand spike.

Citi clearly sees value here. The broker has retained its buy rating and a $14.65 price target, implying potential upside of 114% from current levels.

That's a bold call, but not without risk. The ASX tech stock is still a high-growth tech company, which means execution matters. Any slowdown in customer growth or margins could quickly derail sentiment. And in the current market, investors are less forgiving of misses.

Still, if AI-driven demand continues to build, Megaport could be one of the quieter beneficiaries.

Seek: a digital leader facing near-term headwinds

Seek tells a slightly different story. Unlike many tech names, this ASX tech stock is already a well-established, profitable business with a dominant position in online job classifieds across Australia and key international markets.

That market leadership gives it strong pricing power and a highly scalable platform. When hiring activity is strong, Seek tends to perform exceptionally well.

But that's also where the risk lies. Seek is closely tied to economic conditions. If hiring slows — particularly in key markets — revenue growth can come under pressure. And right now, there are signs of exactly that.

Citi recently flagged near-term headwinds but still believes the ASX tech stock is undervalued. The broker has a $26 price target, suggesting around 77% upside from current levels.

The broader analyst community agrees. According to TradingView data, most brokers rate Seek as a buy or strong buy. The most bullish forecasts go even further, with price targets as high as $28.40, nearly double where the stock trades today.

Foolish Takeaway

Both Megaport and Seek have been hit hard by the tech sell-off. But neither story is broken.

Megaport offers exposure to the fast-growing world of cloud and AI infrastructure. Seek provides a dominant, cash-generating platform tied to employment cycles.

Both ASX tech stocks come with risks and face near-term uncertainty. But if sentiment turns and growth expectations stabilise these beaten-down tech stocks could have significant upside from here.

The question for investors is simple: are you willing to ride out the volatility to capture it?

The post Down 50%, but could these top ASX tech stocks double from here? appeared first on The Motley Fool Australia.

With markets still a little uncertain and many growth shares trading below previous highs, April could be a great time to start or add to positions. The key is focusing on companies with strong long-term stories that are still playing out.

Here are three ASX shares that could be worth considering right now.

Lovisa Holdings Ltd (ASX: LOV)

The first ASX share that could be a smart option is Lovisa.

Lovisa has built a highly successful fast-fashion jewellery business with a global footprint. What makes it particularly compelling is its store rollout strategy.

The company continues to expand rapidly across Europe, Asia, Africa and North America, opening new stores and scaling its brand internationally. Each new location adds to revenue and helps build brand recognition.

At the same time, Lovisa operates with a relatively simple and scalable model. Its products are affordable, its inventory turns quickly, and its margins have historically been strong.

For investors looking to put $10,000 to work, Lovisa offers exposure to a proven retail concept with a long runway for growth.

Megaport Ltd (ASX: MP1)

Another ASX share that could be worth considering this month with the $10,000 is Megaport.

Megaport is evolving beyond its original networking focus and positioning itself as a broader infrastructure platform.

With its recent move into on-demand compute through the acquisition of Latitude, the company is bringing together networking and compute in a single offering. This places it closer to the centre of how modern cloud and artificial intelligence (AI) workloads are deployed, and could mean Megaport is entering a new phase of growth.

As a result, this could be a good option for investors that are willing to take a longer-term view.

Temple & Webster Group Ltd (ASX: TPW)

A final ASX share that could be a top pick for the $10,000 investment is Temple & Webster. It operates a rapidly growing online furniture and homewares platform.

While the business has experienced ups and downs, its long-term opportunity remains intact. The shift to online shopping continues, and the company has established itself as a leading player in a category which is still in the early days of moving online.

As operating leverage improves, even modest revenue growth can translate into stronger earnings.

For investors putting $10,000 to work in the share market, Temple & Webster shares offer a higher-risk, higher-reward opportunity.

The post Where to invest $10,000 in ASX shares in April appeared first on The Motley Fool Australia.

Three top ASX shares that leading brokers have named as buys this week are listed below. Here's why they are bullish on them:

Megaport Ltd (ASX: MP1)

According to a note out of Citi, its analysts have retained their buy rating and $14.65 price target on this network solutions company's shares. The broker highlights that demand for GPU rentals has been surging, which bodes well for its Latitude business. This is especially the case given how it has been increasing prices, which should be a boost to annual recurring revenue. In fact, Citi believes that there is upside risk to forecasts for 2026 and 2027. Looking ahead, the broker believes there is a strong chance that management will increase its FY 2026 guidance at an event. The Megaport share price is trading at $6.89 on Monday afternoon.

Northern Star Resources Ltd (ASX: NST)

Another note out of Citi reveals that its analysts have retained their buy rating on this gold miner's shares with an improved price target of $29.70. The broker has been busy updating its gold coverage to reflect stronger prices. This has led to a significant increase in earnings estimates for the gold mining industry. Overall, the broker is positive and sees value in Northern Star shares at current levels. So much so, the gold miner is one of its preferred picks in the industry at present. The Northern Star share price is fetching $23.68 at the time of writing.

ResMed Inc. (ASX: RMD)

Analysts at Ord Minnett have retained their buy rating on this sleep disorder treatment company's shares with a trimmed price target of $41.40. According to the note, the broker is expecting ResMed to deliver double-digit earnings and revenue growth in FY 2026. It then expects this trend to continue through to at least FY 2028. Ord Minnett believes this will leave ResMed with a significant cash balance, which it suspects could lead to further capital management activities. Overall, it feels this makes the company a top option for investors at current levels. The ResMed share price is trading at $32.22 this afternoon.

The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

The ASX tech stock has been one of the market's biggest de-ratings in 2026, with Thursday's sell-off dragging the shares back to levels last seen in January 2025.

In afternoon trade, the Megaport share price is down 7.40% to $6.88 after touching a fresh 52-week low of $6.80 earlier in the session.

That leaves the stock down around 43% year to date, despite the company continuing to deliver double-digit revenue growth and improving EBITDA margins.

The disconnect shows investors are paying more attention to valuation and earnings momentum than revenue growth alone.

With the previous $7 support level now giving way, the chart is starting to reflect a broader reset in how investors are pricing tech businesses.

The key question now is whether the sell-off is nearing exhaustion or if weak momentum still has further to run.

Momentum remains negative

From a technical view, the chart still points to ongoing selling pressure.

Megaport shares have been making a clear pattern of lower highs and lower lows since peaking above $17 late last year. The latest move to $6.80 only reinforces that downtrend.

The relative strength index (RSI) has slipped to around 38. While that is not yet deeply oversold, it still suggests buying interest remains weak.

The MACD also remains negative, with the shorter-term trend line continuing to sit below the longer-term signal line.

A decisive break below the $6.80 low could leave the next support near the psychological $6 level. On any rebound, the stock may first face resistance in the prior breakdown zone between $7.50 and $8.

Strong growth, but the market wants more

The weakness in the stock stands out because Megaport's recent half-year numbers still showed solid operating momentum.

Revenue rose 26% to $134.9 million in the first half of FY26, while EBITDA increased 28% to a record $35.3 million.

Network annual recurring revenue rose 16%, while net revenue retention came in at 111%, highlighting continued expansion across its customer base.

Even so, the market reaction since its February update suggests investors are still focused on valuation and margin progression. The other key issue is whether the company can maintain this pace through the second half.

Megaport's updated FY26 guidance points to revenue of $302 million to $317 million and EBITDA margins of 21% to 24%. Keep in mind, this still implies healthy momentum but may not yet be enough to improve sentiment.

Foolish Takeaway

Megaport is still delivering solid growth, but the share price is clearly being driven by weak momentum.

A 43% fall this year, fresh 52-week lows, and soft technical indicators suggest the market still needs to see more before sentiment improves.

At this point in time, the chart signal is still the clearest guide, and it continues to point lower.

The post Down 43% this year, this ASX tech stock is now back at January 2025 levels appeared first on The Motley Fool Australia.

That does not mean every decline is a buying opportunity. Sometimes the market is reacting to real and lasting challenges.

But in other cases, I think sentiment can overshoot.

Here are three ASX shares that have been under pressure but could have the potential to rebound strongly over time.

Temple & Webster Group Ltd (ASX: TPW)

Temple & Webster has seen its share price fall heavily over the past year, which reflects both a slowdown in consumer spending and changing expectations around growth.

The business operates in online furniture and homewares, which is naturally tied to housing activity and discretionary spending.

That creates some short-term uncertainty. But I think it is worth looking at the bigger picture.

The shift toward online retail is still playing out, and Temple & Webster remains one of the leading pure-play operators in that space in Australia.

If consumer conditions stabilise and housing-related activity improves, I think there is scope for the business to regain momentum.

Megaport Ltd (ASX: MP1)

Megaport is another name that has been through a significant reset.

Its share price has been volatile, reflecting both its growth profile and the challenges of scaling a global network business.

What I find interesting is the underlying role it plays. Megaport connects businesses to cloud infrastructure and data centres, which are becoming increasingly important as digital demand grows.

The company has also been expanding its offering, including moving into adjacent areas like compute and GPU services. That broadens its opportunity set.

If execution improves and growth continues, I think there is potential for sentiment to shift.

Lovisa Holdings Ltd (ASX: LOV)

Lovisa's share price has also pulled back, despite the business continuing to expand globally.

This is a fast-fashion jewellery retailer with a strong track record of store rollout and international growth.

What stands out to me is the scalability. The company continues to open new stores across multiple regions, and its model has proven to be repeatable in different markets.

Short-term pressures, such as cost inflation or softer consumer spending, can weigh on performance.

But over a longer period, I think the growth opportunity remains significant.

Foolish Takeaway

Beaten-down ASX shares can be risky, but they can also offer meaningful upside if the underlying business remains intact.

Temple & Webster, Megaport, and Lovisa have seen sentiment weaken while still operating in areas with long-term potential.

For me, that is often where the possibility of a strong rebound begins.

The post 3 beaten-down ASX shares that I think could rebound strongly appeared first on The Motley Fool Australia.

Few businesses deliver a return of 100% or more in a single year, so just because analysts think a stock can at least double in 12 months doesn't mean that will happen, or that the return will even be positive.

But there are a few names that experts are very optimistic about, so let's take a look at them.

Megaport Ltd (ASX: MP1)

This ASX tech share enables clients to quickly connect to hundreds of data centres around the world. It has a truly global presence in regions like the Americas, Asia Pacific, and EMEA (Europe, the Middle East and Africa).

In the recent FY26 half-year result, the ASX share reported revenue growth of 26% to $134.9 million, with net revenue retention of 111% and annual recurring revenue (ARR) growth of 19%, implying pleasing revenue growth from its existing client base.

According to CMC Invest, there have been nine recent expert ratings on the business, with eight of those being a buy. Of the nine ratings, the average price target is $15.84, implying a possible rise of around 110% from current levels.

Xero Ltd (ASX: XRO)

Xero is one of the world's largest cloud accounting software providers, with a presence in a number of countries like Australia, New Zealand, the UK, the US, Canada, South Africa, and Singapore.

The ASX share is growing at a rapid pace – in the HY26 result, operating revenue rose 20% to NZ$1.19 billion and free cash flow surged 54% to NZ$321 million.

According to CMC Invest, there have been seven recent ratings on the business, with an average price target of $158.22. That implies a possible increase of just over 100% from where it is today.

Qoria Ltd (ASX: QOR)

Qoria describes itself as a global technology company that's keeping children safe and well in their digital lives. It says it has supported 32,000 schools across four continents and kept 30 million children safe. The ASX share provides a parental control platform in an app.

In the FY26 half-year result, the ASX share reported that its revenue increased by 25% to $69 million, and underlying operating profit (EBITDA) jumped by 68% to $10.3 million, which is a strong rate of expansion.

According to CMC Invest, there are currently five buy ratings on the business, with an average price target of 65 cents, which implies a possible rise of approximately 110% in the year ahead.

The post 3 ASX shares tipped to grow 100% or more in the next 12 months appeared first on The Motley Fool Australia.

It appears investors are buying the dip after a substantial 7.8% fall for the ASX 200 in March.

Despite the war in Iran being far from over, investors appear confident today and are looking to the tech sector for value buys.

ASX 200 tech shares have been in a downward spiral since September 2025.

The S&P/ASX 200 Information Technology Index (ASX: XIJ) has fallen 44% since then.

The primary driver is fear over how the artificial intelligence (AI) revolution will play out.

Investors have been worried about expensive stock valuations in the US and Australia, as well as sky-high capex spending on AI.

This year, a new fear emerged: whether AI will seriously damage software-as-a-service (SaaS) providers.

This is a potent threat for ASX 200 tech shares given four of the six biggest companies by market capitalisation are SaaS providers.

Blackwattle Mid Cap Quality portfolio managers Tim Riordan and Michael Teran explain the SaaS fear:

Leading AI companies, Anthropic and OpenAI released several exciting updates in February, demonstrating exponential improvement.

These updates were also focused on industries beyond traditional software, such as Insurance and Logistics, with the focus of the AI modules to reduce friction (costs) for enterprises and consumers.

Stocks related to these "targeted" industries experienced sharp declines on this new potential AI disruption risk.

Global markets continued their rotation into value, coined the "HALO" trade (Heavy Assets, Low Obsolescence) as the market gravitates to low AI disruption risk businesses.

Riordan and Teran completed a portfolio re-jig in February following "our change in view of AI disruption in late January".

We have concentrated capital into technology businesses which have stronger barriers (namely network effects), at highly discounted valuations, while also allowing our "HALO" winners to run.

Changes to the portfolio continue to be driven by our continuous tandem goals of improving the overall Quality Score of the portfolio whilst maintaining a highly attractive portfolio level risk/reward skew.

The managers said AI fears were "understandable" but certain ASX 200 tech businesses were "better positioned to thrive in a post AI world".

They added: "… and going forward the market will likely focus more on individual businesses after this initial indiscriminate sell-off".

ASX 200 tech shares this fundie is backing

Blackwattle holds the largest ASX 200 tech share, Wisetech Global Ltd (ASX: WTC), in its Mid Cap Quality Fund.

Wisetech shares have more than halved over the past six months.

The Wisetech share price is $38.66, up 2.1% on Tuesday.

Riordan and Teran said:

We view WTC as an 'Enduring Quality' business, as one of the highest quality companies on the ASX, continuing their multidecade customer and product growth journey.

We are excited about the FY27 and beyond outlook and see WTC as one of the few technology companies pivoting in the face of AI disruption risk.

We believe this makes a significant long-term, compounding growth profile and highly attractive Risk/Reward makes the current share price selloff a significant investment opportunity.

Blackwattle also holds telecommunications provider Megaport Ltd (ASX: MP1) in its Small Cap Quality Fund.

This ASX 200 tech share has also more than halved over the past six months.

The Megaport share price is currently $7.08, up 2.6% today.

Small-cap fund managers, Robert Hawkesford and Daniel Broeren, said Megaport was a 'picks and shovels' play amid the AI revolution.

The company's competitive advantage is generated by the large number of data centers globally that it connects together with physical assets in ~1,000 data centers and a proprietary software layer, offering customers one-touch access from a central location.

The share price has been volatile in recent years and again more recently in a broader sell-off in 'growth stocks' and a more indiscriminate sell-off in technology stocks given fear over AI disruption…

MP1's networking capability, however, makes it part of the 'pick and shovels' needed to deliver AI to corporates globally.

It is a beneficiary of AI adoption, so we see current weakness as a buying opportunity.

The post 2 ASX 200 tech shares this fund manager backs to survive the AI threat appeared first on The Motley Fool Australia.

Instead, it is about finding businesses that can grow consistently over many years, supported by strong competitive positions and large opportunities ahead of them.

These are the types of companies that can compound earnings and deliver meaningful returns over time.

Here are three ASX growth shares that could fit that description.

Megaport Ltd (ASX: MP1)

The first ASX share that I would buy and hold for the next decade is Megaport.

Megaport operates a global platform that allows businesses to connect to cloud services and data centres on demand. As more companies shift their operations to the cloud, the need for flexible and scalable connectivity continues to grow.

What arguably makes Megaport's story more compelling today is its expansion beyond networking. The recent acquisition of Latitude brings high-performance compute capabilities into the platform, allowing customers to deploy both connectivity and compute infrastructure on demand. This positions the company at the centre of how modern workloads, including AI, are built and scaled.

While the company has faced challenges in the past, it now appears to be entering a more mature phase focused on profitability and execution. If it delivers on this broader infrastructure vision, Megaport could benefit from the continued growth of cloud and AI-driven demand globally.

REA Group Ltd (ASX: REA)

Another ASX growth share that I would buy and hold is REA Group.

REA Group has built a dominant position in Australia's online property listings market through realestate.com.au. Its platform benefits from strong network effects, where more listings attract more buyers, which in turn attracts more agents.

This creates pricing power. Agents are willing to pay for premium listings and advertising products because of the platform's reach and effectiveness.

Over time, the company has been able to increase its revenue per listing, even during periods of softer property activity. Combined with its expansion into adjacent services, this could support continued growth over the long term.

TechnologyOne Ltd (ASX: TNE)

A third ASX growth share that I would buy and hold is TechnologyOne.

TechnologyOne provides enterprise software solutions and has successfully transitioned to a software-as-a-service model. This shift has created a more predictable and recurring revenue base, which is highly valuable for long-term investors.

The company is also expanding internationally, particularly in the UK, where it sees significant growth opportunities across government and enterprise sectors.

With high customer retention, strong margins, and a disciplined approach to growth, TechnologyOne has the characteristics of a business that can continue compounding earnings over many years.

The post 3 amazing ASX growth shares I'd buy and hold for the next decade appeared first on The Motley Fool Australia.

This level of investment growth usually takes many years of strong earnings, a lot of patience, and a big chunk of luck.

But if I had to pick two ASX stocks that I thought could make it happen, it would be these two.

Pro Medicus Ltd (ASX: PME)

The Pro Medicus share price soared to an all-time high of around $330 per share in July last year. It then seesawed until around early October. At this point, a sudden shift in investor sentiment sent the ASX stock crashing. 

Key drivers were a combination of a broad-based tech sector sell-off, concerns that the company's share price was inflated and overvalued, and investors taking huge profits off the table after a strong run.

Sentiment didn't improve when the company posted a record-breaking half-year FY26 result in mid-February. Its revenue was up 28%, and profit jumped nearly 30%, but it still missed investors' extremely high expectations.

But it's worth noting that despite the confidence crash, as a business, Pro Medicus is incredibly strong. The company is continually expanding operations, and the outlook for the medical imaging sector is positive.

Pro Medicus even made some leaps in company growth over the past couple of months. The business has won several contracts so far in 2026, including two $40 million five-year contract renewals with its wholly owned US subsidiary, Visage Imaging, in early March.

At the time of writing, the shares are up 4.4% to $122.04. But I think the stock is still trading significantly below fair value right now. Analysts tip an upside of up to 145% to $300 per share, at the time of writing.

Megaport Ltd (ASX: MP1)

Megaport is another ASX stock that was caught up in the sector-wide sell-off of technology stocks. At the time, many investors were also concerned that AI could disrupt traditional software models. There was also concern that AI tools might replace or reduce demand for subscription-based software. 

The beaten-down tech stock was also battered by high investor expectations and heavy acquisition spending, which raised concerns about near-term costs and profits. 

Megaport shares climbed to a mult-year high in November last year, before crashing nearly 60% to the price at the time of writing.

But the reality is that the long-term drivers of AI and tech-sector growth haven't gone away. Technology is rapidly advancing, and businesses are investing in AI more than ever before. Continued tech investment points to widespread, ongoing adoption rather than rejection.

At the time of writing, Megaport shares are up 1% to $7.32 a piece. But I think the market will correct itself, and AI-related tech stocks could enjoy a share price recovery. Analysts tip a huge upside of up to 227% to $23.98 over the next 12 months.

The post 2 ASX stocks that could help turn $10,000 into $1 million appeared first on The Motley Fool Australia.

What I find most interesting is that the opportunity is not limited to the obvious global tech giants. There are ASX shares quietly building the infrastructure that helps make AI possible.

If I were looking to lean into this trend, these are three ASX shares I would be paying close attention to.

NextDC Ltd (ASX: NXT)

When I think about AI, one of the first things that comes to mind is data.

Not just the algorithms or the models, but the physical infrastructure required to store, process, and move enormous amounts of information.

That is where NextDC fits in.

The company operates high-performance data centres, which are becoming increasingly critical as demand for cloud computing and AI workloads continues to grow.

What stands out to me is the scale of its expansion. The company has been investing heavily in new capacity, and its growing forward order book suggests that customers are already lining up for that infrastructure.

AI workloads are not lightweight. They require power, connectivity, and proximity. Data centres sit right at the centre of that ecosystem.

For me, NextDC is less about short-term profitability and more about positioning. If AI demand continues to rise, I think the importance of high-quality data centre operators only increases.

Megaport Ltd (ASX: MP1)

If NextDC is about where data lives, Megaport is about how it moves.

Megaport provides network-as-a-service, allowing businesses to connect quickly and flexibly to cloud providers, data centres, and other services.

In an AI-driven world, that connectivity becomes even more important.

Training models, running applications, and distributing results all rely on fast, scalable networks. The more complex and data-intensive the workloads become, the more valuable that connectivity layer is.

What I find interesting here is how the company is expanding its capabilities.

Its recent push into adjacent areas like compute and GPU-as-a-service suggests to me that it is trying to capture more of the AI value chain, not just the networking component.

It is still a business that is proving itself in some respects. But if it executes well, I think it has the potential to benefit meaningfully from the growth in AI-driven demand.

Goodman Group (ASX: GMG)

Industrial property company Goodman is not always the first name people think of when it comes to artificial intelligence.

But I think it arguably should be.

The company has been increasingly focused on developing data centres alongside its more traditional logistics assets. And those data centres are becoming a critical piece of AI infrastructure globally.

Something that stands out to me is the scale and positioning of its development pipeline.

With a significant portion of its work in progress now tied to data centres, Goodman is effectively building the physical backbone required for the digital economy.

It also has something that I think is underappreciated. Access to land, power, and capital in key global cities.

These are not easy assets to replicate. And as demand for data centre capacity grows, those constraints could become even more important.

For me, Goodman offers a slightly different way to play the AI theme. It is less about technology itself and more about the infrastructure that supports it.

Foolish takeaway

If you are bullish on artificial intelligence, I do not think you need to limit yourself to the obvious names overseas.

From data storage to connectivity to physical infrastructure, NextDC, Megaport, and Goodman Group each provide exposure to different parts of the AI ecosystem.

When I think about where the long-term demand is heading, these are the kinds of businesses I find myself drawn to.

The post Bullish on artificial intelligence? Here are 3 ASX shares I'd buy appeared first on The Motley Fool Australia.

Shares in WiseTech Global Ltd (ASX: WTC), Life360 Inc (ASX: 360), and Megaport Ltd (ASX:MP1) all tumbled between 4% and 6%. That adds to an already painful 2026, with WiseTech down 47% year to date, Life360 off 43%, and Megaport also deep in the red at 42%.

All 3 ASX tech stocks are now trading at — or near — 52-week lows. So, is this a warning sign… or a golden opportunity?

WiseTech: Global logistics player

WiseTech Global remains one of Australia's highest-quality tech businesses. Its CargoWise platform is deeply embedded in global logistics networks, giving it strong pricing power and high switching costs.

As global trade becomes increasingly digitised, this ASX tech stock is well placed to benefit over the long term.

The risk? Growth expectations have been dialled back, and the market is wary of execution as the company scales and integrates acquisitions. Higher interest rates have also weighed on tech valuations.

Still, analysts remain upbeat. Citi recently placed a $65.35 price target on the ASX tech stock. This implies roughly 80% upside from current levels if sentiment turns.

Life360: Millions of app users worldwide

Life360 offers a different kind of growth story. Its family safety app connects millions of users worldwide, providing location sharing, crash detection, and digital safety tools.

The $4.5 billion ASX tech stock is increasingly focused on monetisation, converting free users into paying subscribers and lifting average revenue per user.

That shift is a major strength, but it doesn't come without risk. Competition in the app space is fierce, and maintaining user growth while increasing subscription revenue is a delicate balancing act. Profitability is also still evolving.

Even so, many analysts see strong long-term potential as Life360 builds out its ecosystem and deepens engagement. According to CMC Invest, there are currently seven buy ratings on the ASX share, with an average price target of $32.80. That implies a possible rise of around 78% over the next year.

Megaport: Powerful growth, scalable business

Megaport rounds out the trio with exposure to cloud and network infrastructure — two powerful long-term trends. Its platform allows businesses to connect to cloud providers and data centres on demand, offering flexibility and scalability in an increasingly digital world.

As cloud adoption continues to surge, this ASX tech stock stands to benefit. However, the company has faced concerns around growth consistency and profitability, which have weighed heavily on its share price. Like many tech names, it is also sensitive to macro conditions and investor sentiment.

Analysts are cautiously optimistic, pointing to improving margins and a clearer path to sustainable earnings as potential catalysts.

However, Morgans remains positive and has a buy rating and $16.00 price target on its shares. This points to a potential upside of almost 130% for investors from current levels.

Foolish Takeaway

The big picture is hard to ignore. These are not speculative startups. All 3 ASX tech stocks are established tech businesses with real products, customers, and global opportunities. Yet all three have been heavily sold off amid a broader rotation out of growth stocks.

That's where things get interesting. When high-quality companies fall this far, long-term investors often start to pay attention. Timing the bottom is never easy, but buying strong businesses when sentiment is weak has historically been a winning strategy.

The bottom line? These ASX tech stocks may be under pressure today, but their long-term growth stories remain intact. For investors willing to look beyond short-term volatility, this could be an opportunity that's hard to ignore.

The post 3 ASX tech stocks that belong in every long-term portfolio appeared first on The Motley Fool Australia.

Growth shares have been hit particularly hard, as concerns around artificial intelligence (AI) disruption, rising interest rates, and global uncertainty have driven a sharp selloff.

Here are three ASX shares that are being unfairly punished by the market and analysts think could rebound strongly.

Megaport Ltd (ASX: MP1)

The first ASX share that has seen a steep decline is Megaport.

The network-as-a-service provider has been caught up in the broader tech selloff, with its shares down over 40% this year. However, the company continues to operate in a market supported by long-term demand for cloud connectivity and data infrastructure.

Megaport's platform allows businesses to connect to cloud providers quickly and flexibly, which is becoming increasingly important as digital transformation accelerates. It has also expanded its addressable market and offering with the recent acquisition of Latitude.sh.

While growth stocks have been de-rated due to higher interest rates, the underlying need for scalable and efficient network solutions remains strong. If the company continues to execute, the current weakness could prove to be an overreaction.

Morgans remains very positive and has a buy rating and $16.00 price target on its shares. This implies potential upside of almost 120% for investors from current levels.

Temple & Webster Group Ltd (ASX: TPW)

Another ASX share that appears to have been hit too hard is Temple & Webster.

Its shares have fallen significantly from their highs, but the company continues to report strong revenue growth and increasing market share in the online furniture and homewares space.

The business is benefiting from a capital-light model, strong brand recognition, and a growing base of repeat customers. It is also expanding into new areas such as home improvement and commercial sales.

Despite these positives, concerns around consumer spending and AI disrupting ecommerce have weighed on its valuation.

Macquarie thinks this is a buying opportunity. It recently put an outperform rating and $13.70 price target on its shares. This is double its current share price.

WiseTech Global Ltd (ASX: WTC)

A final ASX share that could be worth a closer look is WiseTech Global.

The logistics software company has also been caught in the selloff, with its shares down sharply despite continuing to expand its global footprint. This has been driven by a combination of AI disruption concerns, business model changes, and CEO controversies.

But WiseTech's CargoWise platform is deeply embedded in global supply chains, offering mission-critical software that helps logistics providers manage complex operations. This creates high switching costs and supports recurring revenue, which are attractive qualities for long-term investors.

Morgans has a buy rating and $83.60 price target on its shares. This is also more than double its current share price.

The post 3 ASX shares being unfairly punished by the market selloff and could rise 100% appeared first on The Motley Fool Australia.

Megaport Ltd (ASX: MP1) is down 6.3% to $7.44 during afternoon trade. That extends a painful trend — Megaport is now down roughly 39% year to date.

So, what's going on?

This isn't about one single shock. It's part of a broader narrative.

Strong growth? Yes. But the ASX tech stock is still loss-making. Add in guidance noise and weak sentiment toward tech stocks, and investors are hitting the sell button.

A key player in cloud infrastructure

Megaport operates a network-as-a-service platform.

In simple terms, it helps businesses connect to major cloud providers like Amazon Web Services, Microsoft Azure, and Google Cloud. Instead of building expensive infrastructure, customers can plug into Megaport's global network and scale usage up or down instantly.

That makes this ASX tech stock a critical enabler of cloud computing, data centres, and AI workloads.

As demand for data explodes, so does the need for fast, flexible connectivity. That's exactly where Megaport plays.

Strong growth, scalable model

The long-term story still looks compelling for the ASX tech stock.

Megaport is exposed to powerful tailwinds. Cloud adoption continues to surge. AI is driving massive data demand. Businesses are moving more operations online.

The company's platform is also highly scalable. Once the network is built, adding new customers comes at relatively low cost. That's a hallmark of successful tech businesses.

Analysts expect that to translate into strong growth. Revenue is forecast to climb more than 20% annually, with earnings potentially accelerating faster as scale improves.

Megaport is also expanding its offering. New cloud and compute services could open up additional growth opportunities.

So why the sell-off?

Despite the growth, there are real concerns.

First, profitability. Megaport is still not consistently in the black. Its latest half-year result showed a statutory loss of around $19 million, which weighed on sentiment. That included about $15.8 million in acquisition-related costs.

Second, competition. This is a fast-moving space. Larger players and evolving technology could pressure margins over time.

Third, expectations. Tech investors can be unforgiving. If results or guidance don't quite hit the mark, share prices can fall quickly.

That's exactly what we're seeing now with the ASX tech stock.

What's the outlook?

Here's the interesting part.

Despite the heavy sell-off, analysts remain overwhelmingly bullish on the ASX stock.

Megaport currently carries a consensus buy rating, with most brokers calling it a strong buy.

The average 12-month price target sits around $15.58. That implies roughly 110% upside from current levels.

Foolish bottom line

Megaport is a classic growth stock story.

Big opportunity. Strong revenue growth. But still working toward consistent profitability.

That combination can create volatility — especially in a weak tech market.

For investors, the question is simple: short-term pain or long-term potential?

If the growth story for the ASX tech stock plays out, today's weakness could look like an opportunity. But expect a bumpy ride along the way.

The post Why is this battered ASX tech stock losing big today? appeared first on The Motley Fool Australia.

Concerns around artificial intelligence (AI) disruption, rising interest rates, and global uncertainty have weighed heavily on valuations. However, for long-term investors, these pullbacks can create opportunities to buy high-quality businesses at more attractive prices.

Here are three ASX growth shares that analysts think could be worth considering after the recent weakness.

Lovisa Holdings Ltd (ASX: LOV)

The first ASX growth share that could rebound strongly is Lovisa.

The fast-fashion jewellery retailer has built a highly scalable global store network, with a simple and repeatable model that continues to perform across different markets. Its ability to roll out new stores quickly and generate strong returns on capital has been a key driver of its success.

Despite what the recent share price weakness might suggest, the company's expansion story remains intact, with significant opportunities to grow its store footprint internationally.

Morgans is positive on its outlook and has a buy rating on Lovisa shares with a $36.80 price target. This implies potential upside of around 60% from current levels.

Megaport Ltd (ASX: MP1)

Another ASX growth share that could be worth a look is Megaport.

The company operates a global software-defined network that enables businesses to connect to cloud providers and data centres with speed and flexibility. As demand for cloud computing and data-intensive applications grows, the need for this type of connectivity continues to increase.

Megaport also recently announced the major acquisition of Latitude that expands its addressable market significantly. Management highlights that the Latitude deal creates "an industry-leading Compute and Network-as-a-Service platform to power high-performance applications and AI workloads globally."

According to Morgans, the company's outlook remains attractive. The broker has a buy rating on its shares with a $16.00 price target, suggesting potential upside of approximately 100%.

Xero Ltd (ASX: XRO)

A final ASX growth share that could rebound strongly is Xero.

The accounting software company provides cloud-based financial tools to small and medium-sized businesses globally.

While sentiment towards software stocks has weakened recently due to AI disruption fears, Xero believes that AI will be supportive and not disruptive to its business. This leaves it well-positioned to continue benefitting from increasing adoption of digital accounting solutions and opportunities to expand its platform with additional services.

UBS is bullish on the company's prospects and has a buy rating with a $174.00 price target. This implies potential upside of around 130% from current levels.

The post 3 ASX growth shares that could rebound strongly after the selloff appeared first on The Motley Fool Australia.

These companies have faced plenty of headwinds so far in 2026, as we've seen some of Australia's biggest tech companies heavily sold off. 

Just to name a few: 

• Xero Ltd (ASX: XRO) is down 33% YTD
• WiseTech Global Ltd (ASX: WTC) has dropped nearly 43%
• Megaport Ltd (ASX: MP1) has fallen 38%
• SiteMinder Ltd (ASX: SDR) is down 54%.

Why are tech stocks falling?

Investors appear to be firmly positioning themselves with a risk-off approach for a few reasons. 

Ongoing conflict in the Middle East has prompted investors to push away from riskier growth oriented companies like tech. 

Additionally, AI interruption fears have turned sentiment largely negative on Aussie tech stocks as investors consider which companies could be replaced. 

Finally, the RBA has raised interest rates amidst rising inflation, which negatively impacts tech valuations which depend on future earnings. 

Altogether, it's a mix of macroeconomic pressure, shifting sentiment on AI, and a normal correction after a strong rally.

With so much downward pressure in recent months, it's clear that some of these tech stocks present a relative value. 

The rebound won't happen overnight. But let's see which of these battered tech stocks are expected to recover. 

Megaport and SiteMinder could double according to Morgans

Megaport is a technology company that runs a global software-defined network platform, enabling businesses to connect directly to cloud providers and data centres. Its platform allows companies to build fast, flexible connections between their digital infrastructure without the need for traditional network contracts.

Morgans is optimistic its core product is set to benefit from AI growth, rather than be replaced by it. 

The broker has a $16 price target on this tech stock. 

From current levels, that indicates an upside of roughly 112%. 

Meanwhile for SiteMinder, the company provides an e-commerce platform for hotels and other accommodation businesses.

Morgans has a buy rating and $7.00 price target on the company's shares, with the broker pointing to key business metrics remaining robust despite downward pressure. 

This target is 150% higher than yesterday's closing price. 

WiseTech and Xero 

Xero shares have continued to tumble in 2026. 

The company offers cloud-based, accounting software for small to medium businesses.

It has been one of the tech stocks caught up in AI integration/replacement fears, as some argue its core business could be at risk. 

However, many brokers still maintain positive outlooks on the company. 

For example, analysts at Citi have retained their buy rating and $144.80 price target. This indicates 93% upside. 

Citi has a similarly positive outlook for WiseTech shares. 

A recent price target of $65.35 from the broker is roughly 67% higher than current levels. 

The post Which ASX battered tech stock has the most upside according to brokers? appeared first on The Motley Fool Australia.

That alone doesn't make it a buying opportunity. Plenty of stocks hit new lows for good reasons.

But every now and then, a company gets caught in broader market weakness despite continuing to execute well. That's when I start to take a closer look.

And in this ASX 200 tech stock's case, I think there's a strong argument that this could be one of those moments.

This ASX 200 tech stock is still gaining momentum

When I look at Megaport, I don't see a company slowing down.

In its latest half-year result, it delivered record performance, with group annual recurring revenue (ARR) jumping 49% year-on-year to $338 million.

Even stripping out acquisitions, the core network business is still growing strongly, with ARR up 19% in constant currency and net revenue retention improving to 111%.

That tells me customers are not only sticking around, but spending more over time.

And that's exactly what you want to see in a subscription-style business.

A much bigger opportunity is emerging

What I find most interesting is how Megaport is evolving.

Historically, it has focused on network-as-a-service. But with the acquisition of Latitude.sh, it is now expanding into compute-as-a-service as well.

That might sound like a small shift, but I think it's significant.

It effectively brings network and compute together into one platform, allowing customers to deploy infrastructure globally, on demand.

Management describes this as the next logical step in automating IT infrastructure at scale, particularly as demand grows for cloud, AI, and data centre services.

To me, this expands Megaport's total addressable market meaningfully and strengthens its long-term growth story.

The numbers are starting to reflect scale

Another thing that stands out is improving business quality.

Customer lifetime has extended from 10 to 13 years, while customer lifetime value has increased significantly.

That combination suggests the platform is becoming more valuable and more embedded in customer operations.

And importantly, the company is generating EBITDA of $35.3 million, showing that it is moving further along the path toward sustained profitability.

This isn't just growth for the sake of growth anymore. It's starting to scale.

So why is the share price falling?

Despite all of this, the share price is down.

In my view, that may say more about market sentiment than the business itself.

Tech stocks have been under pressure, particularly those exposed to infrastructure, AI, and global growth themes.

There's also some short-term noise around integration of acquisitions and currency movements.

But none of that changes the long-term direction of the business.

Is this a buying opportunity?

This is where I think things get interesting.

This ASX 200 tech stock is growing strongly, expanding into new markets, and improving the quality of its revenue.

At the same time, its share price has been pushed down to a 52-week low.

That combination doesn't come along all that often.

I'm not expecting a straight-line recovery. Volatility is likely to continue, especially in the tech sector.

But when I see a business executing well while its share price moves in the opposite direction, I tend to pay attention.

Foolish takeaway

Megaport isn't without risk. It's still investing heavily, integrating acquisitions, and operating in a competitive, fast-moving industry.

But I think the bigger picture matters more.

This is a company that is growing, evolving, and expanding its opportunity at a time when its share price has fallen significantly.

For me, that looks like a setup worth considering. At a 52-week low, I'd be leaning toward buying rather than waiting on the sidelines.

The post Should I buy this ASX 200 tech stock at a 52-week low? appeared first on The Motley Fool Australia.