WiseTech shares are flying 6.5% higher today. Can they keep going?

WiseTech Global Ltd (ASX: WTC) shares are soaring higher in lunchtime trade on Tuesday.

At the time of writing the shares are up 6.5% to $46.30 a piece. At one point this morning the tech company’s shares climbed as high as $46.80 each.

For context, the S&P/ASX 200 Index (ASX: XJO) is down 0.6% for the day at the time of writing and the S&P/ASX 200 Information Technology Index (ASX: XIJ) is up 1.1% and trading at a two-month high.

The latest uptick means the tech shares have climbed over 12% in the past five days alone. The jump also means that WiseTech shares have now rebounded 27% from a multi-year low of $36.53 recorded on Monday last week.

There is still a low way to go for WiseTech shares, though. Even after the rebound, the shares are still down 32% for the year-to-date and a huge 51% lower than this time last year.

What is happening to WiseTech shares?

It’s been a bloodbath for WiseTech shares over the past 10-months, with the tech company hit by multiple and consecutive headwinds which sent its share price tumbling. The downturn accelerated in 2026.

WiseTech was caught up in a tech-sector wide sell-off earlier this year after investors became concerned about the implications of AI on traditional software models. Many were worried that AI tools might replace or reduce demand for subscription-based software. 

Shortly later, concerns about escalating conflict in the Middle East spooked investors further. Global sharemarket uncertainty saw investors turn their back on high-growth technology stocks like WiseTech and rotate towards more stable assets instead.

There hasn’t been any price-sensitive news out of WiseTech to explain today’s price hike, but the company did confirm it will participate in the 2026 Macquarie Australia Conference in Sydney on 5-6 May 2026. 

WiseTech said it will outline its strategy for the next phase of long-term growth at the conference.

In the materials, WiseTech confirms an FY26 underlying EBITDA guidance range of US$598.5 million to $637.5 million.

The company expects margins expected to be lower short term (around 40-46%) due to integration impacts, most notably from its e2open acquisition.

It’s likely that a rebound of investor confidence in WiseTech and also ASX tech shares overall, is also helping today’s share price climb.

Can the shares keep climbing?

It’s possible that could be the beginning of a good rally for WiseTech shares.

According to TradingView data, analysts are very bullish about the outlook for the tech over the next 12 months.

The majority (16 out of 17) have a buy or strong buy rating on the stock. That’s an upgrade from 14 out of 16 analysts with a buy or strong buy rating in mid-April. 

The average target price is $76.55, which implies a potential upside of 67% over the next 12 months. Although others think that the tech shares could climb up to 152% to $115.78.

The post WiseTech shares are flying 6.5% higher today. Can they keep going? appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies 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.