Stock Pick

3 super ASX tech stocks I’d buy in May with $3,000

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Tech stocks have had a volatile start to 2026.

After a strong run in previous years, many high-quality names have pulled back amid shifting interest rate expectations and a broader rotation away from growth. 

That kind of environment can make it uncomfortable to invest, but it can also create opportunities.

Right now, these are three ASX tech stocks I think are worth considering if you have $3,000 to invest.

Megaport Ltd (ASX: MP1)

Megaport is building critical infrastructure for the cloud economy.

Its platform allows businesses to connect to cloud providers and data centres on demand, creating a flexible alternative to traditional networking. 

As more companies shift workloads to the cloud, the need for fast, scalable connectivity continues to grow.

Megaport has not always had a smooth journey, but recent progress around profitability and cost control has been encouraging. As has its acquisition of Latitude, which recently announced a big contract win.

If it can continue improving margins while growing its global footprint, there is clear upside over time.

After the recent tech sell-off, I think it looks like a more interesting entry point than it did previously.

TechnologyOne Ltd (ASX: TNE)

TechnologyOne is a very different type of tech company. It is not trying to disrupt everything overnight. 

Instead, it has built a steady, highly profitable enterprise software business serving government, education, and large organisations.

Its transition to a SaaS model has improved revenue visibility and margins, and it continues to expand internationally. While the shares have pulled back from recent highs, the underlying business keeps executing.

For me, TechnologyOne is one of the more reliable growth names on the ASX, which makes any weakness worth paying attention to.

Catapult Sports Ltd (ASX: CAT)

Catapult Sports is another ASX tech stock I would consider in May.

The company provides performance technology and analytics software for elite sports teams. Its products help clubs and organisations monitor athletes, manage workloads, analyse performance, and make better decisions.

What I like about Catapult is that it operates in a niche with global potential. Professional sport is becoming more data-driven, and teams are looking for every possible edge. That creates demand for tools that can help improve performance, reduce injury risk, and support coaching decisions.

Catapult has also been working to improve the quality of its earnings, with more focus on recurring revenue and disciplined growth.

This is still a smaller and higher-risk technology business compared with TechnologyOne, but I think the opportunity is attractive.

If it can keep expanding across elite sport and deepen its relationships with customers, Catapult could become a much larger business over time.

Foolish Takeaway

Tech sell-offs can be uncomfortable, but they can also create better entry points into businesses that still have years of growth ahead.

That is why I would not ignore this part of the market in May.

Megaport, TechnologyOne, and Catapult Sports each offer exposure to a different kind of technology demand, from cloud connectivity to enterprise software to elite sport.

For investors willing to think beyond the next few months, I think all three deserve a closer look.

The post 3 super ASX tech stocks I’d buy in May with $3,000 appeared first on The Motley Fool Australia.

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Motley Fool contributor Grace Alvino 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 Catapult Sports, Megaport, and Technology One. The Motley Fool Australia has positions in and has recommended Catapult Sports. The Motley Fool Australia has recommended Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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