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The S&P/ASX 200 Index (ASX: XJO) is significantly in the red on Tuesday, down 1.53% to a four-month low of 8,504.2 points.
WiseTech Global Ltd (ASX: WTC)
The Wisetech share price tumbled 5.14% to a 52-week low of $62.28 in earlier trading.
On The Bull this week, Jed Richards from Shaw and Partners revealed a buy rating on the ASX 200’s biggest tech share.
The stock appears oversold, presenting a strong entry point.
While management issues and investigations involving the Australian Federal Police and the Australian Securities and Investments Commission have contributed to a plunging share price, the company’s world class logistics software and proven global growth trajectory remain intact.
Long term fundamentals and market leadership support a compelling buying opportunity for patient investors.
Richards notes a near halving in the Wisetech share price since 28 July.
The Xero share price declined 4.14% today to a 52-week low of $117.16.
Morgans has an accumulate rating on Xero shares but slashed its 12-month price target after the company’s 1H FY26 update.
For the six months ended 30 September, Xero reported a 42% increase in net profit after tax (NPAT) to NZ$134.8 million.
Operating revenue rose 20% to NZ$1,194 million, and earnings before interest, taxes, depreciation, and amortisation (EBITDA) lifted 21% to NZ$377.9 million.
This was driven by Australia/New Zealand revenue growth of 17% to NZ$663.7 million and a 24% jump in international segment revenue to NZ$530.5 million.
Morgans commented:
XRO’s 1H26 result was largely in line with expectations but higher investment expenses in the 2H and the inclusion of Melio into our forecasts lowers our EBITDA and FCF forecasts.
Our prior XRO research presented our first take on XRO including Melio numbers and now, following its 1H26 result and greater clarity on costs, we reduce our short-term forecasts and formally publish our combined XRO and Melio forecasts.
The broker cut its price target on Xero by 30% to $141 per share.
News Corporation Class B Voting CDI (ASX: NWS)
The News Corporation share price fell 2.5% to a 52-week low of $44.11 on Tuesday.
As my colleague Cameron reported, Jarden maintained its overweight rating on News Corp following the company’s 1Q FY26 update.
News Corp announced revenue of US$2.1 billion, up 2% on the same period last year, and EBITDA of US$340 million, up 5%.
Jarden praised the “solid result”, noting earnings from REA Group Ltd (ASX: REA) – which News Corp has a majority stake in – were in line with expectations.
The analysts see REA shares as overvalued, but they “believe the market is undervaluing the remainder of News”.
The analysts tip a total return of 12% over the next 12 months for investors in this ASX 200 communications share.
Jarden decreased its 12-month price target on News Corp shares slightly from $53 to $51.70.
The broker has an underweight rating on REA shares and a price target of $207.
The REA share price is $196.53, down 1.59%, today.
