10 Best Tech Stocks to Buy in 2026 and How to Invest in Australia
The ASX is home to many tech stocks, especially those with roots in Australia and its neighbouring countries like New Zealand.
1. WiseTech Global
WiseTech Global is one of the most popular ASX tech stocks due to its massive success. The company’s strong revenue is driven by its logistics software platform used by global supply chain operators.
The company’s flagship product, CargoWise, is highly sought after by large companies because of its integration of complex logistics processes into a single system. The demand creates a strong customer base with high retention, as it helps businesses save costs they would incur using different solutions.
In terms of performance, WiseTech has experienced significant long-term growth since its listing, reaching multiple all-time highs. The latest was in 2024, when it reached 141.61 AUD, as investor confidence in its scalability increased.
The company’s expansion strategy includes both organic growth and acquisitions. Buying US-based e2open for $2.1 billion in 2025 to expand its global supply chain SaaS capabilities is one of the indicators of WiseTech’s expansion and growth strategy. Such moves allow it to deepen its presence across global markets.
As supply chains become more digitised, demand for integrated logistics software is expected to rise. This is the WiseTech advantage. However, the stock is sensitive to valuation pressure, particularly during periods of rising interest rates and job cuts.
2. Xero
Xero is one of the most recognised names among the best tech stocks ASX offers. The cloud-based accounting software is used by small and medium-sized businesses, making it an in-demand SAAS company.
To generate revenue consistently, Xero uses a subscription model, which adds stability compared to more cyclical businesses. Over time, Xero has expanded beyond Australia into key markets such as the UK and North America, strengthening its global footprint.
The company’s stock has also seen strong performance over the years, with notable rallies during periods of rapid user growth and digital adoption. While it has experienced pullbacks during broader tech sell-offs, its long-term trend shows investors’ confidence in its business model.
Another competitive advantage that Xero has over its competitors is its ecosystem. It integrates with a wide range of third-party applications, making it central to business operations and increasing customer retention.
However, the risks of investing in Xero include competition from global players and the challenge of sustaining growth in mature markets. While this is valid, Xero is still among the ASX tech stocks in high demand by Aussies seeking a scalable SaaS company.
3. Block Inc. (Afterpay)
Afterpay, now part of Block Inc., has one of the most exciting fintech stories among ASX tech stocks. The company transformed how payments work through its buy-now-pay-later model, which is gaining massive attention among younger consumers, such as Gen Zs and millennials, and their favourite e-commerce platforms. In terms of growth trajectory, Block (Afterpay) has seen a significant increase in its share price over the years. The company’s stock also surges to new highs during the peak of fintech enthusiasm.
Since being acquired by Block, Afterpay has become part of a broader ecosystem that includes payments, financial services, and digital wallets. This integration provides additional growth opportunities for the company. Still, the key driver for Afterpay’s future performance is continued adoption of digital payments and expansion into new markets.
However, Afterpay comes with a higher-risk and higher-reward opportunity due to regulatory challenges and increasing competition in the payments industry.
4. TechnologyOne
TechnologyOne has a different profile from many growth-focused tech companies. It specialises in enterprise software, particularly for government and large organisations, providing long-term contracts and recurring revenue streams. This makes it one of the more stable options among ASX tech stocks.
The company has steadily grown its market presence, transitioning to a cloud-based model that improves scalability and margins. Its stock performance has been more consistent than volatile, reflecting investor confidence in its business model.
While it may not have reached the same heights as many competitors in the high-growth tech space, TechnologyOne’s reliability makes it attractive if you’re seeking lower risk within the sector. The company’s long-term outlook is supported by the ongoing digital transformation of enterprise systems, particularly in the public sector.
5. Appen
Appen operates in the artificial intelligence (AI) space, providing training data for machine learning models. The company gained significant attention during the rise of AI, with its stock reaching solid highs as demand for data-driven solutions increased. However, it has also experienced a decline due to operational challenges and increased competition. The long-term outlook for Appen is tied to the growth of AI.
As more companies adopt machine learning technologies, the need for high-quality training data is expected to grow. This positions Appen within a potentially high-growth market. However, execution risk remains a top consideration. Still, if you’re looking to play within the ASX tech stock ecosystem may consider Appen for potential upside amid careful consideration.
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