The party is back on for two battered ASX tech shares.

WiseTech Global Ltd (ASX: WTC) and Catapult Sports Ltd (ASX: CAT) were among the biggest winners on Tuesday, jumping 6% and 8% respectively as investors returned to beaten-down technology names.

Could this be the start of a much bigger recovery, or just a short-term bounce after a brutal sell-off?

Both companies have plenty to prove, but analysts still see significant upside if they can rebuild investor confidence.

WiseTech: Can the rally really begin after chair steps down?

WiseTech shares received a boost on Tuesday after the company announced that co-founder Richard White would step down from the chair role, with Raeline Murphy taking over.

White said recent personal media attention had become an unnecessary distraction from the strength of the underlying business.

The leadership change appears to have helped ease some investor concerns, but the recent recovery remains tiny compared with the damage already done.

The ASX tech share is up around 11% over the past five trading days, yet it remains down roughly 67% over the past year, making it one of the worst performers on the S&P/ASX 200 Index (ASX: XJO).

Despite the collapse, analysts remain surprisingly positive. According to TradingView data, 12 of the 15 analysts covering WiseTech rate the stock as either a buy or strong buy. The remaining three have a hold rating.

The average 12-month price target sits at $66.69, suggesting potential upside of around 78%. The most bullish analyst sees the shares reaching $120.60, which would represent upside of more than 220%.

Bell Potter remains optimistic as well. While the broker recently cut its price target from $78.75 to $71.75, it maintained its buy rating. The revised target still implies potential upside of more than 90%.

Catapult: Expanding while maintaining competitive edge

Catapult shares also enjoyed a strong session on Tuesday, although there was no specific price-sensitive announcement behind the move.

Instead, investors appear to be continuing the rebound from the stock’s late-June lows.

The recovery has already pushed Catapult shares more than 20% higher from those levels, although the bigger picture remains challenging. The stock is still down around 44% over the past 12 months.

Catapult’s biggest strength is the stickiness of its technology. Professional sporting teams build years of performance data into its platforms, creating switching costs that make it difficult for competitors to win customers.

The company provides athlete performance and analytics technology used by some of the world’s biggest sporting organisations, including teams across the AFL, NRL, Premier League, NFL, NBA, MLB and international rugby competitions.

The challenge is growth. Like many smaller technology companies, Catapult needs to keep expanding its customer base while proving that it can maintain its competitive edge.

Analysts believe the market may be underestimating its potential. All brokers that cover the ASX tech share rate it a buy. The most bullish forecast is $8.25, a potential gain of 146% for the next 12 months.

Morgans currently rates Catapult as a buy with a $5.40 price target, which is in line with the average price target. Based on recent trading levels around $3.35, that implies upside of approximately 60%.

The post These ASX tech shares crashed hard. Could they double from here? appeared first on The Motley Fool Australia.

More reading

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• ASX 200 slips again: Why the market can’t follow Wall Street higher
• WiseTech shares surge 10% as Richard White steps back from chair role
• Qube Holdings: Supreme Court approves takeover scheme

Motley Fool contributor Marc Van Dinther has positions in WiseTech Global. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Catapult Sports and WiseTech Global. The Motley Fool Australia has positions in and has recommended Catapult Sports and WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Looking for some investment ideas for July? Well, it could be worth hearing what Ord Minnett has to say about the ASX shares in this article.

Are they buys, holds, or sells? Let’s find out:

CAR Group Limited (ASX: CAR)

Ord Minnett has put a buy rating and $35.00 price target on this auto listings company’s shares.

While it is facing a tough period, the broker remains positive and highlights its strong track record of resilience. It said:

CAR Group (CAR) has a strong track record of resilience through macroeconomic cycles, but current conditions suggest some modest near-term pressure. Reflecting this, Ord Minnett has trimmed its forecasts slightly, with our EPS estimate for FY26 and FY27 by around 1% for FY26–FY27. Our changes imply slightly softer growth than the broader market is anticipating. Our central assumption is that growth in the second half of FY26 moderates compared to the first half, before re-accelerating into FY27 and beyond.

Overall, currency movements and these modest operational adjustments translate to only minor forecast changes. On a constant currency basis, CAR is still expected to deliver around 10–11% net profit growth in FY27, or approximately 9% after foreign exchange impacts. Importantly, these macroeconomic pressures are likely to be temporary, with scope for growth to strengthen again from FY27.

Judo Capital Holdings Ltd (ASX: JDO)

The broker isn’t feeling as positive on this small business lender. In response to a disappointing trading update, Ord Minnett downgraded Judo Capital shares to a hold rating with a heavily reduced price target of $1.60.

Commenting on the downgrade, it said:

The speed at which conditions for these three specific exposures deteriorated – none were on a watch list – is a significant concern for Ord Minnett and the broader market, raising questions as to just how rigorous and reliable Judo’s monitoring processes are, not to mention management’s credibility. We also highlight the large size of these particular loans – the combined exposure for Judo is $80 million, versus its average SME loan size of around $3 million – and question why Judo was making such large individual loans.

Post the trading update, we have cut our EPS estimates by 9.4%, 19.6% and 7.6% for FY26, FY27 and FY28, respectively, which drives a steep downgrade of our target price to $1.60 from $2.40. We also cut our recommendation on Judo to Hold from Buy despite the apparent value on offer, given uncertainty around the company’s processes and the time it will take for management to rebuild market confidence.

Worley Ltd (ASX: WOR)

Worley is another ASX share that Ord Minnett has downgraded. It has cut its rating on the engineering company’s shares to a hold rating with a reduced price target of $12.70.

Ord Minnett has concerns about its near-term earnings outlook. It explains:

There remains considerable uncertainty over short-term earnings for Worley and its peers. More broadly, we highlight the change in Worley’s business mix, with a modest shift to engineering, procurement and construction (EPC) work, i.e. larger developments and responsibility for full project delivery, a business segment that is higher risk than traditional consultancy and advisory.

‍Worley does not have the same exposure as the EPC sector’s major operators, e.g. Italy’s Maire or France’s Technip Energies, but its risk profile has increased versus consulting and advisory peers such as US-based Jacobs Solution and Fluor Corp. There is apparent value on offer in Worley but the uncertainty around near-term earnings, and what we see as an increasing risk profile, mean we cut our recommendation to Hold from Accumulate.

The post Buy, hold, sell: CAR Group, Judo Capital, and Worley shares appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX 200 shares today
• Forget CBA shares, I’d buy these ASX bank stocks instead
• These are the 10 most shorted ASX shares
• Judo Bank shares rise despite Morgan Stanley price target cut
• 7 ASX shares downgraded by brokers this week

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended CAR Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Experts are always on the lookout for ASX shares that could produce strong returns. We’re going to look at two names that could outperform the S&P/ASX 200 Index (ASX: XJO).

It’s interesting when one analyst likes a business, it’s very intriguing when multiple analysts think an ASX share is a buy.

Below are two of the most potentially exciting stocks with multiple buy ratings.

Goodman Group (ASX: GMG)

Goodman is the largest property business on the ASX – it develops, owns and manages a global portfolio of industrial properties.

According to the Commsec collation of analyst opinions, there are currently 12 buy ratings, two hold ratings and no sell ratings on the business. There are very few ASX shares that have as much analyst backing as Goodman right now.

Goodman is working on a very impressive development pipeline that could significantly add to its underlying value.

In the quarterly update for the three months to 31 March 2026, Goodman said that its work in progress (WIP) was $14.5 billion, with an annualised production rate of around $6 billion. The yield on cost on the current WIP is 8%.

Data centres under construction represent around 73% of WIP, so the business is looking to benefit from that high demand for new data centre facilities.

The rental performance of its property portfolio continues to perform solidly. Its third-quarter update revealed 4.1% like-for-like net property income (NPI) growth.

Guzman Y Gomez Ltd (ASX: GYG)

Another ASX share with strong backing is Guzman Y Gomez, one of Australia’s largest Mexican food businesses.

At 31 March 2026, the business had 242 locations in Australia (of which 155 were franchise restaurants), 23 locations in Singapore and five in Japan – this represented an increase of at least 14% year over year for each market.

The Commsec collation of analyst opinions shows there are currently 10 buy ratings on the business, with two hold ratings and two sell ratings.

The Guzman Y Gomez share price is much cheaper than it was a year ago – it’s 25% lower. Yet, the company continues to grow strongly. In the third quarter of FY26, Australian network sales grew by 19.7% to $320.4 million, and Asian network sales increased 15% to $21.5 million, with those markets delivering combined comparable sales growth of 6.6%.

The ASX share expects the Australian and Asian divisions to deliver year-over-year growth in underlying operating profit (EBITDA) of approximately 29%.

Over time, the company expects to reach 1,000 Australian restaurants and segment underlying EBITDA as a percentage of network sales of 10%. This could increase the value of the business significantly in the coming years.

The post 2 ASX shares highly recommended to buy: Experts appeared first on The Motley Fool Australia.

More reading

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• 2 ASX shares highly recommended to buy: Experts

Motley Fool contributor Tristan Harrison has positions in Guzman Y Gomez. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goodman Group. The Motley Fool Australia has recommended Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.