3 High-Conviction Tech Growth Picks for 2026

3 Stocks Set to Lead the Next Wave

Many investors are searching for high quality opportunities where the risk to reward profile offers genuine upside. Against a macro backdrop marked by rising unemployment and persistent inflation concerns, We believe 2026 will reward a more selective approach that prioritises strong fundamentals, durable business models, and balance sheets that can withstand uncertainty. Markets remain clouded by variables that can easily weigh on sentiment, which is why discipline matters more than optimism at this stage of the cycle.

With that in mind, here are our top three technology stocks worth watching more closely, with company tickers highlighted below to anchor the analysis and help investors focus on businesses where upside potential is balanced by financial resilience.

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After a 60% Slide, WiseTech May Be Setting Up for a Major Comeback

The first name on our list comes as little surprise, WiseTech Global (ASX:WTC). In our experience, the best returns often come from identifying clear mismatches between market sentiment and underlying business fundamentals, and WiseTech fits that profile well. The share price has fallen around 60% from its all time high of roughly A$130 following well publicised internal CEO issues.

Importantly, we see no direct cause and effect relationship between these issues and the core operating performance of the business. From a risk to reward perspective, this disconnect has created what we view as an attractive entry point into a high quality global software leader.

Consensus price targets currently sit around A$120. For WiseTech to move back toward this level, the key driver will be sustained revenue growth, with FY26 consensus revenue estimates at approximately A$2.1B. A large portion of this growth is expected to come from synergies linked to the E2open acquisition, which should begin contributing meaningfully to revenue from next year. What stands out is the company’s improving financial quality.

Free cash flow increased by 31% to around A$287M, reflecting a business that is now converting earnings into cash more efficiently and with lower incremental capital expenditure. This suggests WiseTech is emerging from its peak investment phase and entering a period of more stable and predictable cash generation.

The balance sheet further supports this view, with roughly A$167M in debt and A$252M in cash, providing ample flexibility to service interest costs while continuing to invest in growth and protect its competitive advantage.

Broadcom, The Quiet Powerhouse Behind Google’s AI Chips.

One of our favourite picks shifts the focus to the US market, Broadcom Inc (NASDAQ:AVGO). Within the AI landscape, Broadcom is still relatively underappreciated by many Australian investors, but in our view it deserves far more attention.

While headlines often focus on the most visible AI chip designers, the real value is increasingly being created behind the scenes. A good example is Google’s Trillium chips, which have been a clear success and are built on application-specific integrated circuits.

These are custom AI chips designed for very specific workloads, helping optimise performance across Google Cloud and YouTube.

This is where Broadcom’s role becomes important. Broadcom has been a key partner in helping Google turn these ideas into commercially viable silicon by developing the manufacturing and intellectual property framework that underpins these chips.

As Trillium has gained traction and driven a broader market rerating, we see this as a strong signal for the long term growth potential of the ASIC chip market. Broadcom sits at the centre of this trend, quietly enabling some of the most advanced AI infrastructure in the world, and that positioning gives the company meaningful leverage to what we believe will be a decade-long expansion in custom AI silicon demand.

Megaport Taps India’s Cloud Boom with Strategic Latitude Acquisition.

Megaport (ASX:MP1) is our next pick, driven by a high margin software led business model that continues to scale globally. What stands out is how deliberately the company is expanding its footprint in India through the acquisition of Latitude, a fast growing compute as a service platform.

This transaction was supported by a A$200M capital raise and positions Megaport to extend its network reach into one of the most attractive cloud growth markets globally. India is not a marginal opportunity.

According to IDC and NASSCOM, the country’s public cloud market is expected to exceed US$18B by 2028, growing at more than 25% per year, while CBRE and Cushman and Wakefield estimate data centre capacity will triple by 2030, with more than 1.3 GW already under construction.

Against this backdrop, Megaport’s balance sheet provides real confidence. The company holds approximately A$102M in cash against just A$13M in debt, giving it ample capacity to fund growth without financial strain. With consensus price targets around A$17, we see Megaport as a business where strong industry tailwinds, expanding network density, and balance sheet strength combine to create a compelling and well-supported upside case.