ASX tech stocks on a rebound
ASX tech stocks have staged a strong comeback in the past one month and these three stocks appear well positioned for further recovery ahead.
REA Group Limited (ASX: REA)
has a current market capitalisation of $23.17 billion and is one of the leading ASX tech stocks right now as it has surged 12% in the past one month but is still down almost 26% over the past 12 months which suggests there is plenty of upside left.
The company in H1 FY26 reported solid financial results as revenue rose 5% year-on-year to $915.8 million while EBITDA increased 6% to $568.9 million which shows steady growth.
Profitability stayed strong as net profit after tax grew 9% to $340.6 million and EBITDA margins remained high at 62%.
Key operating metrics were strong with record audience engagement along with 2.6 million average monthly buyer enquiries and a 20% year-on-year rise in buyer leads which indicates solid demand for the platform.
Recent developments include AI-led product innovation along with rollout of conversational search while continued investment in data capabilities is improving user experience and will support long-term monetisation opportunities.
Megaport Limited (ASX: MP1)
is among the largest ASX tech companies with a market capitalisation of $15.26 billion and the stock has risen 17.74% in the past one month but it is down 43.2% over the past 12 months which suggests more potential upside as fundamentals improve.
Strong 1H26 financial results were reported by the company as total revenue increased 76% year-on-year to US$672 million because of ongoing CargoWise growth and contribution from the e2open acquisition.
EBITDA rose 31% to US$252.1 million while underlying NPAT increased 2% to US$114.5 million which shows profitability remained solid despite integration costs and AI fears.
Recent developments include rapid AI integration across products and rollout of CargoWise Value Packs to about 95% of customers along with faster than expected cost synergies from the e2open integration which will improve its long-term competitive moat.
The company with FY26 revenue guidance of US$1.39–1.44 billion along with expanding margins and strong demand from global trade digitalisation is well placed for sustained growth and value creation.
(Source: Company Reports)
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