WiseTech Global Ltd (ASX: WTC) shares are jumping higher again on Wednesday morning.
At the time of writing, the shares are up around 1.5% and changing hands for $43.92 a piece.
The latest increase means the ASX tech shares have now rebounded around 52% from a five-year low of just $28.76 a piece, recorded in late-June.
But there is still a long way to go until WiseTech shares have regained the huge losses shed over the past 12 months. For the year to date, the tech shares are still down around 36%, and they’re roughly 62% lower than this time last year.
But, while it’s important to consider how the company’s shares have performed over the past 12 months, investors should also keep an eye on what lies ahead.
So, if I buy $8,000 of WiseTech shares today, what could that be worth in 12 months time?
The experts are incredibly bullish about the outlook for WiseTech shares over the next 12 months, with the majority forecasting a strong upside ahead.
Market Index data shows the majority of brokers have a strong buy rating on the shares. The $54.71 average target price implies a potential 27% upside, at the time of writing.
Analysts are even more bullish on TradingView. The data shows that the majority have a strong buy rating on WiseTech shares, but they have a higher average target price of $60.61. That implies the shares could increase another 38%, at the time of writing.
But some are even more optimistic. The $114.11 maximum target price implies a potential 160% upside over the next 12 months.
Assuming the average target price comes to fruition, that means your $8,000 investment today could be worth around $10,160 to $11,040 by August 2027.
But if the more bullish expert forecasts are correct, an $8,000 investment today does have the potential to climb as high as $20,800 over the next 12 months.
What’s ahead for the ASX tech shares?
WiseTech is due to announce its FY26 results on the 26th of August.
The company reaffirmed its FY26 guidance earlier this year, expecting full-year revenue of US$1.39 billion to US$1.44 billion (representing a 79% to 85% increase) and EBITDA in the range of US$550 million to US$585 million, up 44% to 53% from FY25.
WiseTech has a strong competitive advantage in the global logistics industry. I think the company’s future hinges primarily on its FY26 results. If the company manages to reach or exceed its upgraded guidance, I think we’ll see a turnaround in investor sentiment.
