WiseTech Global Ltd (ASX: WTC) shares showed signs of life last week, finishing 2% higher on Friday and gaining around 7% over the past five trading days.

While the recent rebound has lifted investor sentiment, it’s only a small recovery in the context of the stock’s dramatic decline. WiseTech shares remain down around 20% over the past month. They’ve lost roughly 70% over the past year. This makes the stock one of the biggest losers on the S&P/ASX 200 Index (ASX: XJO) over that period.

The question now is whether this bounce marks the beginning of a sustained recovery, or whether the tech stock is destined to head lower again.

Brokers are overwhelmingly bullish

Despite the steep sell-off, analysts remain surprisingly optimistic. According to TradingView data, 12 of the 15 analysts covering WiseTech rate the stock as either a buy or strong buy. The remaining three recommend holding the shares.

The average 12-month price target stands at $68.37, more than double the current share price of $32.96. The most bullish analyst has a target price of $121.76. This implies potential upside of almost 270% if the company can restore investor confidence.

Bell Potter also remains positive on the outlook for WiseTech shares. Although the broker recently lowered its 12-month price target from $78.75 to $71.75, it retained its buy recommendation. Even after the downgrade, the revised target suggests potential upside of around 118% from current levels.

What caused the sell-off?

Unlike many technology companies that have suffered from slowing revenue growth, WiseTech’s problems haven’t been driven by weakening demand.

Its flagship CargoWise platform remains one of the world’s leading logistics software solutions, serving freight forwarders, customs brokers, and global supply chain operators. The business continues to benefit from long-term trends towards digitalisation and increasingly complex international trade.

Instead, the collapse in WiseTech shares has been driven largely by governance concerns. Questions surrounding founder and executive chairman Richard White first emerged late last year and have continued to overshadow the company’s strong operational performance.

Markets typically place a premium on certainty, particularly when it comes to corporate leadership. As governance concerns dominated headlines, investors became less willing to pay the high valuation that WiseTech had historically commanded.

The result has been a dramatic de-rating, despite the company’s underlying business remaining fundamentally sound.

Did the market overreact?

That is becoming the key debate among investors.

The strength of broker recommendations suggests many believe the sell-off has gone too far. Analysts continue to point to WiseTech’s dominant market position, recurring revenue model and long runway for global growth as reasons to remain optimistic over the long term.

However, governance issues can take time to resolve, and investor confidence is often slow to rebuild. For WiseTech shares to sustain their recent rebound, the market will likely need greater clarity around leadership, governance and execution, alongside continued delivery of strong financial results.

 

The post Can WiseTech shares double from here? Analysts are betting yes appeared first on The Motley Fool Australia.

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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 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.

ASX exchange-traded funds (ETFs) have become one of the most popular ways for Australians to build long-term wealth.

Few providers have benefited more from that trend than Vanguard. Its low fees, broad diversification and simple buy-and-hold approach have made its ETFs favourites among everyone from first-time investors to retirees.

With FY26 now behind us, here’s a look at how three of Vanguard’s most widely held ASX-listed ETFs performed.

Vanguard Australian Shares Index ETF (ASX: VAS)

The top Vanguard ASX ETF aims to track the performance of the S&P/ASX 300 Index (ASX: XKO). This gives investors exposure to around 300 of Australia’s largest listed companies.

Its biggest holdings include Commonwealth Bank of Australia (ASX: CBA) and BHP Group Ltd (ASX: BHP), reflecting the dominant role financials and mining continue to play in the Australian sharemarket.

At the time of writing, VAS has returned approximately 3% over the past 12 months. Income remains one of its biggest attractions. Investors are set to receive a dividend payout of 48.99 cents per unit, to be paid on 16 July.

For investors seeking diversified exposure to Australian blue chips and a healthy stream of dividend income, VAS remains a popular core holding.

Vanguard MSCI Index International Shares ETF (ASX: VGS)

The Vanguard MSCI Index International Shares ETF provides exposure to more than 1,300 large and mid-sized companies across developed markets outside Australia.

Among its largest holdings are Microsoft Corp (NASDAQ: MSFT) and NVIDIA Corp (NASDAQ: NVDA), two companies that have continued to benefit from strong demand for artificial intelligence technologies.

VGS has been the standout performer of the three flagship Vanguard ETFs, delivering a gain of around 14% over the past year. Investors will also receive an 80.11 cents per unit distribution on 16 July.

The ASX ETF remains a popular choice for Australians looking to diversify beyond the domestic market and gain exposure to many of the world’s highest-quality businesses.

Vanguard Australian Shares High Yield ETF (ASX: VHY)

Income investors continue to favour the Vanguard Australian Shares High Yield ETF. Rather than tracking the broader market, VHY focuses on Australian companies expected to deliver above-average dividend yields.

Its largest holdings include Rio Tinto Ltd (ASX: RIO) and Westpac Banking Corp (ASX: WBC), highlighting the important role banks play in generating dividend income.

The ASX ETF has gained approximately 11% over the past 12 months. Investors are also set to receive a distribution of 40.82 cents per unit, payable on 16 July.

Foolish takeaway

All three ASX ETFs delivered positive returns in FY26, but each appealed to a different type of investor.

VAS continued to offer broad exposure to Australia’s largest companies and dependable income. VGS rewarded investors seeking global growth, producing the strongest capital return of the group. Meanwhile, VHY remained an attractive option for those prioritising dividend income without having to select individual high-yield shares.

Together, they demonstrate why Vanguard ETFs continue to play a central role in many long-term investment portfolios.

The post How Vanguard’s biggest ASX ETFs performed in FY26 appeared first on The Motley Fool Australia.

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Motley Fool contributor Marc Van Dinther has positions in BHP Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Microsoft and Nvidia. The Motley Fool Australia has recommended BHP Group, Microsoft, Nvidia, Vanguard Australian Shares High Yield ETF, and Vanguard Msci Index International Shares ETF. 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 brutal year for these two ASX tech stocks who have lost more than half of their market value over the past year. 

Two of the ASX’s former market darlings — WiseTech Global Ltd (ASX: WTC) and Xero Ltd (ASX: XRO) — have endured savage share price declines.

At the time of writing, WiseTech shares are down 21% over the past month, 53% in 2026, and around 70% over the past year. Xero hasn’t fared much better. Its shares have fallen 20% over the past month, 38% year to date, and 61% over the past 12 months.

After such a dramatic sell-off, are brokers starting to see value?

WiseTech: Governance overshadows a quality business

The problems of this ASX tech stock haven’t stemmed from weakening demand. Its CargoWise software remains one of the world’s leading logistics platforms, used by freight forwarders, customs brokers, and global supply chain operators.

Instead, the market has become increasingly concerned about governance issues surrounding founder and executive chairman Richard White. The controversy first emerged late last year and has continued to weigh heavily on investor confidence.

Markets dislike uncertainty, particularly when it involves senior leadership. As governance concerns dominated headlines, investors steadily reduced the valuation they were willing to pay, regardless of the company’s operational performance.

Yet the underlying business continues to perform well. CargoWise keeps winning customers globally, recurring revenue remains strong, and the company still enjoys high switching costs that create a powerful competitive moat.

Stuart Bromley, investment adviser at Medallion Financial Group, believes those strengths remain intact.

Despite ongoing management and governance scrutiny, WiseTech remains one of Australia’s highest quality technology businesses with a dominant position in global logistics software, The company’s CargoWise platform continues to gain market share globally. In our view, WTC offers a substantial long-term growth opportunity. While near-term sentiment may remain volatile, we believe the quality of the underlying business warrants a hold rating amid management executing its long-term strategy.

Bell Potter continues to rate the stock as a buy, although it has lowered its 12-month price target from $78.75 to $71.75. Based on the current share price of $32.01, this still implies potential upside of around 124%.

Xero: Higher rates hit valuations

Xero’s challenges have been very different. Rather than governance concerns, investors have been worried about rising interest rates and their impact on high-growth software valuations. Higher rates reduce the present value of future earnings, putting pressure on technology companies that trade on premium multiples.

Artificial intelligence has added another layer of uncertainty, with some investors questioning how rapidly AI could reshape accounting software.

However, the business itself continues to impress. In its latest result, Xero delivered strong customer growth, rising recurring revenue, and increasing average revenue per user. The company now serves almost five million subscribers worldwide, while annualised recurring revenue continues to grow at an impressive pace.

That operational momentum has encouraged brokers. Morgans recently reaffirmed its buy recommendation with a price target of $111 per share, suggesting a 57% upside over the next 12 months.

The post These ASX tech stocks have lost billions. Buy the dip or stay away? appeared first on The Motley Fool Australia.

More reading

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• Down 70%, is now the time to finally buy WiseTech shares?
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• Xero shares are down 60%, is it time to buy, hold or sell?

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 WiseTech Global and Xero. The Motley Fool Australia has positions in and has recommended WiseTech Global and Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.