WiseTech Global Ltd (ASX: WTC) shares have underperformed materially over the last 12 months.

While this is disappointing for shareholders, it could have created a compelling buying opportunity for others.

That’s the view of analysts at Bell Potter, who believe the ASX tech stock could have huge upside potential.

What is the broker saying?

Bell Potter notes that there has been a bit of a rally in the tech sector recently. However, WiseTech shares have missed out due to a number of reasons. It said:

There has been a tech rally of sorts on the ASX over the past couple of months and this has been led by some of the large cap names including Pro Medicus, Block and Life360. One large cap which has not rallied, however, is WiseTech and this is likely due to a number of factors including further negative press reports around founder and Chief Innovation Officer Richard White, concern around the potential future loss of key customer DSV and risk around both the FY26 result and FY27 guidance and whether each meets market expectations. 

The good news is that Bell Potter believes that a change could be coming for its shares. This is especially the case given its belief that WiseTech will deliver on its guidance for FY 2026 and provide guidance that meets expectations. It adds:

In our view, however, these negatives will start to dissipate over the coming months and indeed have already commenced with the appointment earlier this month of Raelene Murphy to Chair which we regard as a positive move. We also believe the company will achieve its FY26 guidance when it reports next month – albeit with some risk around revenue but this should be made up by the margin – and the FY27 guidance will meet expectations following downgrades by the sell-side (ourselves included) over the past few months. 

This potential reduction in negatives could lead to a rally in the share price and this may have already started with the appointment of the new Chair. Some positive outlook statements at the result next month could provide further impetus and, as examples, may include expectations of large freight forwarders shifting to the new pricing model in FY27 and DSV shifting more DB Schenker volumes onto CargoWise.

WiseTech shares tipped to double

According to the note, the broker has retained its buy rating and $71.75 price target on the company’s shares.

Based on its current share price of $34.95, this implies potential upside of 105% over the next 12 months.

Commenting on its buy thesis, Bell Potter said:

There is also no change in our target price of $71.75 and we maintain the BUY. We believe the stock looks value on an FY27 EV/EBITDA multiple of c.15x and is trading at an excessively large discount to the Technology One multiple of c.27x. We note WiseTech has higher forecast earnings growth than Technology One over the next few years given the expected margin recovery post the e2open acquisition.

The post Why WiseTech shares could rocket 100% appeared first on The Motley Fool Australia.

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• Buy, hold, sell: Pro Medicus, Worley, and ResMed shares

Motley Fool contributor James Mickleboro has positions in WiseTech Global. 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.

The ASX share Nexgen Energy (Canada) CDI (ASX: NXG) may well be one of the best ways to benefit from the strong growth of AI. It’s the owner of a large uranium deposit in Canada, which could be a great profit generator.

It’s one of the picks inside the L1 Long Short Fund Ltd (ASX: LSF) portfolio, which is a listed investment company (LIC) that targets ASX shares and international shares. The LIC likes to invest in ASX mining shares – it’s very willing to do so when they seem attractively priced.

Attractive project

L1 recently noted that NexGen is preparing to develop the world’s largest undeveloped uranium deposit called Arrow, which is located in Saskatchewan, Canada.

The fund manager said that Arrow will be a new major strategic Western source of uranium to address the “looming market deficit”.

L1 highlighted that the ASX energy share received final regulatory approvals in March 2026. The company is preparing to commence full-scale project construction, with an estimated four-year construction timeline.

How much money could this project generate?

The fund manager believes that once the project is completed, Arrow has the potential to generate around C$2.8 billion of operating profit (EBITDA) annually, assuming a uranium price of US$80 per pound, which is below the current uranium price. In the three months to June 2026, the uranium price increased by 1.5%.

L1 suggested that the ASX share is a “highly compelling proposition given NexGen’s current market cap” of approximately C$8.8 billion. That suggests it’s trading at around 3 times the future potential operating profit.

I think the project could generate stronger profits than expected because AI demand is growing, and therefore additional power generation is needed to plug the gap. Nuclear could be a key part of the equation globally, alongside renewable energy, as coal is slowly phased out around the world.

What do other experts think of the NexGen share price?

According to CMC Invest, there have been three analyst ratings on the business within the last three months, with all of those being a buy.

The average price target of those three ratings is $21.07, suggesting a possible rise of around 60% from where it is today. The ASX share looks much better value after falling more than 20% since early June 2026.

The Arrow projection completion is still a while away, but the company could be a compelling buy at the current level. But there are other ASX shares that could also be compelling investments today.

The post Is this ASX share the best way to play the AI demand growth? appeared first on The Motley Fool Australia.

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• What is Morgan’s updated view on Rio Tinto and BHP shares?
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Motley Fool contributor Tristan Harrison has positions in L1 Long Short Fund. 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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

It has been a strong year thus far for Australia’s two largest blue-chip materials stocks Rio Tinto Ltd (ASX: RIO) and BHP Group Ltd (ASX: BHP). 

Year to date, Rio Tinto and BHP shares are up 9% and 25% respectively. 

For comparison, the S&P/ASX 200 Index (ASX: XJO) is up just 0.8% in the same period. 

Why are Rio Tinto and BHP shares soaring?

These shares have risen strongly this year because investors have become more optimistic about the mining sector. 

Higher prices for key commodities such as copper and resilient iron ore prices, driven by growing demand from AI infrastructure, data centres, electrification and renewable energy projects, have boosted earnings expectations. 

Both companies have also delivered solid production results and attracted investors looking for large, financially strong businesses with reliable dividends, helping push their share prices higher.

What is Morgan’s updated view on BHP shares?

At the end of last week, the team at Morgans provided fresh outlooks on both Rio Tinto and BHP shares. 

Looking at BHP shares, the broker said the mining giant ended FY26 on a good note, with an operational result largely in line with consensus and a touch ahead of our estimates in places. 

Normally a source of volatility, BHP’s coal operations posted decent consensus beats at both BMA and NSWEC. FY27 guidance appears steady relative to our existing estimates, although consensus appears high for group copper. Best-in-breed global diversified miner in what remains a healthy upcycle for resources. We maintain our HOLD rating and A$60.20 target price.

Rio Tinto remains posts healthy Q2

Looking at Rio Tinto shares, Morgans said the company posted a healthy Q2 where it matters. 

Pilbara shipments beat consensus (+2%), while Morgans said it sees the headline Simandou miss (-68% vs consensus) as a net positive: a slower Simandou ramp supports iron ore benchmarks, and each US$10/t on the benchmark is worth ~US$2.5bn of annual EBITDA to RIO’s far larger Pilbara business. 

The sting in the tail was Kennecott, with a late June converting furnace breach requiring a ~75-day full rebuild, hitting H2 refined copper and gold output (total copper including saleable matte unchanged). Copper C1 guidance halved to US30-50c/lb, on strong by-prod prices, a material margin tailwind into the H2 result. Trading back close to where we see fair value, RIO remains one of the highest quality global exposures to a sector enjoying a multi-year upcycle (albeit not without its volatility). We maintain our HOLD rating, A$163.00 TP (was A$165.00).

From last week’s closing price of $160.95, the updated price target is just 1.2% above current levels. 

The post What is Morgan’s updated view on Rio Tinto and BHP shares? appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Monday
• Buy, hold, sell: BHP, CBA, and Rio Tinto shares
• Does Macquarie rate BHP shares a buy, hold or sell right now?
• Should you buy Rio Tinto and these ASX shares?
• How much do I need in my superannuation to earn an annual $60,000 passive income?

Motley Fool contributor Aaron Bell has positions in BHP Group. 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 BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.