Stock Pick

ASX 200 tech shares rebound 20% in 5 weeks: experts reveal stocks to buy

Written by

openjargon

in

Woman on her phone with diagrams of tech sector related elements linking with each other.

S&P/ASX 200 Index (ASX: XJO) tech shares are 0.9% higher on Tuesday as investors continue to buy the dip.

Or should I say, buy the ‘rout’?

Because that’s what happened to ASX 200 tech shares between 29 August last year and 30 March this year.

Fears over artificial intelligence (AI) drove a 48% fall for the S&P/ASX 200 Information Technology Index (ASX: XIJ) in just seven months.

A strong turnaround for tech shares on the ASX and in US markets began on 31 March.

Since then, the ASX 200 Info Tech Index has risen 20.1% while the Nasdaq Composite Index (NASDAQ: .IXIC) has lifted 21%.

Here are five ASX 200 tech stocks that the experts say we should buy today.

5 ASX 200 tech shares to buy while share prices are down

WiseTech Global Ltd (ASX: WTC)

The Wisetech share price is $46.33, up 6.6% today and up 27% since 30 March.

Wisetech is the fastest rising stock of the entire ASX 200 on Tuesday.

However, the share price of the market’s largest tech company remains 32% down over six months.

Citi reiterated its buy rating on Wisetech shares today.

The broker increased its 12-month share price target from $65.35 to $65.65, implying 40% upside ahead.

Xero Ltd (ASX: XRO)

The Xero share price is $85.78, up 3.4% on Tuesday and up 22% since 30 March.

This ASX 200 tech share is still trading 41% lower over six months.

Morgan Stanley reiterated its buy rating on the accounting services provider with a $130 target last week.

This suggests a potential 51% upside ahead.

NextDC Ltd (ASX: NXT) 

The NextDC share price is $14.07, down 0.07% today and up 27% since 30 March.

This ASX 200 tech share is down 9% over six months.

Citi maintained its buy rating on NextDC shares with a $19.10 target last week, suggesting a 36% upside ahead.

Life360 Inc (ASX: 360)

The Life360 share price is $21.22, down 0.05% today and up 17% since 30 March.

Over the past six months, the family tracking app provider has lost 56% of its market valuation.

Morgan Stanley reiterated its buy rating on Life360 shares with a $30 price target today.

This implies a potential 41% capital gain over the next year.

Megaport Ltd (ASX: MP1)

The Megaport share price is $9.06, up 0.6% today and up 29% since 30 March.

Despite the rebound, this ASX 200 tech share remains down 43% over six months.

Citi reiterated its buy rating with a $15 price target yesterday.

This implies 65% upside ahead for Megaport stock.

The post ASX 200 tech shares rebound 20% in 5 weeks: experts reveal stocks to buy appeared first on The Motley Fool Australia.

Should you invest $1,000 in WiseTech Global right now?

Before you buy WiseTech Global shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and WiseTech Global wasn’t one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys…

See the 5 Stocks

* Returns as of 20 Feb 2026

.custom-cta-button p {
margin-bottom: 0 !important;
}

More reading

Citigroup is an advertising partner of Motley Fool Money. href=”https://www.fool.com.au/”>Motley Fool contributor >Bronwyn Allen 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 Life360, Megaport, WiseTech Global, and Xero. The Motley Fool Australia has positions in and has recommended Life360, WiseTech Global, and Xero. The Motley Fool has a <a href=”https://www.fool.com.au/fool-com-au-disclosure-policy/”>disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More posts