WiseTech Global Ltd (ASX: WTC) shares are starting to regain momentum.
On Friday, the stock finished up 2.85% to $46.18, and has climbed close to 20% over the past week. Even after that move, it remains about 32% lower in 2026, and still sits a long way below its July 2025 high of $121.31.
That gap between price and underlying performance is what stands out. In my view, this is one of the clearest buying opportunities on the ASX right now.
A business that keeps getting stronger
WiseTech sits at the centre of global trade through its CargoWise platform, which is used by freight forwarders, customs brokers, and logistics operators worldwide.
This is not software that can be easily swapped out. Once embedded, it becomes part of how a business runs its day-to-day operations. That drives recurring revenue, supports pricing power, and keeps customer churn very low.
What makes this even more compelling is the direction of the industry. Supply chains are becoming more complex, more regulated, and more reliant on digital systems. And that plays directly into WiseTech’s strengths.
The current price does not reflect the business
The decline in WiseTech’s share price has been driven by external factors rather than a deterioration in the business.
Tech stocks have been under pressure due to higher interest rates, valuation resets, and ongoing global uncertainty. Concerns around artificial intelligence (AI) and competition have also weighed on sentiment across the sector.
On top of that, geopolitical tension has kept investors cautious around anything linked to global trade. The conflict involving the US and Iran has raised concerns about key shipping routes, including the Strait of Hormuz.
But none of this has changed what WiseTech is doing or how its platform is being used.
If anything, it highlights how critical efficient supply chains are. As conditions stabilise, the same factors that have weighed on sentiment could reverse, and high-quality software companies are usually the first to benefit.
Why I would put $10,000 into WiseTech
WiseTech’s latest half-year result confirmed that the business is still performing strongly. Revenue continued to grow, margins remained solid, and customer retention stayed high.
This is a company that continues to invest in its platform, expand globally, and build out new capabilities. It is doing the work that supports long-term earnings growth.
At the same time, the share price is still reflecting a much more cautious view.
That creates a huge imbalance. You have a high-quality global business with strong fundamentals trading well below where it was less than a year ago.
If the company continues to execute and sentiment improves, there is clear potential for a re-rating. Broker targets remain materially higher than the current price, which supports my view.
Given the size of the previous decline, a move back toward higher levels would not require perfect conditions. It just requires confidence to return to the market.
Foolish takeaway
WiseTech’s recent move suggests buyers are starting to step back in.
The business remains strong, the growth outlook is unchanged, and the global opportunity has not changed. What has changed is the price investors are being asked to pay.
In my view, sentiment has created a very strong buying opportunity here.
If conditions settle and the company keeps delivering, the current level could look like a very attractive entry point in hindsight. That is why this is the ASX stock I would back with $10,000 right now.
The post If I had $10,000, this is the ASX stock I’d buy right now appeared first on The Motley Fool Australia.
Should you invest $1,000 in WiseTech Global right now?
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* Returns as of 20 Feb 2026
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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.