Down 62%, are WiseTech shares now a buy, hold or sell?

WiseTech Global Ltd (ASX: WTC) shares are taking a tumble today.

Shares in the S&P/ASX 200 Index (ASX: XJO) logistics software solutions company closed on Friday trading for $37.69. During the Monday lunch hour, shares are changing hands for $36.50, down 3.2%.

This sees WiseTech shares down a painful 61.5% since this time last year.

For some context, the ASX 200 is up 0.1% today and up 1.8% in 12 months.

As you may know, the ASX 200 tech stock has come under heavy selling pressure on several fronts.

First, investors have been concerned over the company’s governance, with founder and executive chairman Richard White catching negative media headlines over allegations of inappropriate behaviour.

The stock has also come under pressure amid global concerns that artificial intelligence can potentially replace a lot of the services that Software as a Service (SaaS) like WiseTech provides.

Or the so-called the ‘SaaSpocalypse’.

But with the share price now down almost 62% over the past 12 months, is the ASX 200 tech stock trading at a bargain?

WiseTech shares: Buy, hold, or sell?

When asked which stock in his fund is the most undervalued by the market, Emanuel Datt, chief investment officer and founder of Datt Capital, pointed to WiseTech (courtesy of the Australian Financial Review).

Commenting on his bullish outlook for WiseTech shares, Datt said:

WiseTech Global has been in the media for all the wrong reasons over the past few years, suffering from governance issues and others related to the founder. Notwithstanding, this is one of the ASX’s highest-quality technology companies with a global customer base and significant upside.

Datt added:

The company has progressed in mitigating investor concerns, materially refreshing the board and management team whilst also driving business growth via the acquisition of a major competitor, e2open, and transitioning to value-based pricing. The business has a history of growing via M&A and has significantly outperformed its own guidance in extracting synergies from e2open.

And WiseTech’s growth potential shouldn’t be ignored.

Datt concluded:

WiseTech’s product portfolio is genuinely exciting, with customer identity verification products providing the foundational element of the company’s move into offering its own supply chain finance solutions; a multitrillion-dollar global market.

What’s the latest from the ASX 200 tech share?

WiseTech reported its FY 2026 results on 26 August.

Following the company’s successful e2open acquisition, WiseTech reported a 79% year-on-year increase in revenue to US$1.395 billion.

But while underlying net profit after tax (NPAT) increased 29% to US$313.5 million, statutory NPAT was down 11% from FY 2025 to US$178.7 million.

WiseTech shares closed down 10.1% on the day of the results release.

The post Down 62%, are WiseTech shares now a buy, hold or sell? appeared first on The Motley Fool Australia.

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• Why I’m buying WiseTech shares before the market catches on
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• 9 ASX shares downgraded by experts post-results this week
• Down another 18%: Why I’d buy WiseTech shares in the dip

Motley Fool contributor Bernd Struben 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.