Top Broker Picks: 3 ASX 200 Shares Hitting 52-Week Lows to Buy Today
The S&P/ASX 200 Index (ASX: XJO) experienced a significant decline on Tuesday, dropping 1.53% to reach 8,504.2 points. This marks its lowest level in four months, as several key stocks hit 52-week lows.
Top Broker Picks: Three ASX 200 Shares at 52-Week Lows
WiseTech Global Ltd (ASX: WTC)
WiseTech Global, a major player in logistics software, saw its share price fall by 5.14%, reaching a 52-week low of $62.28. This decline follows management challenges and ongoing investigations from the Australian Federal Police and the Australian Securities and Investments Commission. Despite this turbulence, the stock is viewed as oversold.
According to Jed Richards from Shaw and Partners, WiseTech’s long-term fundamentals remain sound, presenting a potential buying opportunity for investors willing to be patient. Notably, the stock has nearly halved since July 28.
Xero Ltd (ASX: XRO)
Xero’s share price dropped 4.14% to a 52-week low of $117.16. Despite posting a 42% increase in net profit after tax to NZ$134.8 million for the first half of FY26, Morgans analysts have adjusted their outlook. They reduced their 12-month price target by 30% to $141 per share.
- Operating revenue rose 20% to NZ$1,194 million.
- EBITDA increased by 21% to NZ$377.9 million.
- The company reported driven growth from both local and international revenues.
News Corporation Class B Voting CDI (ASX: NWS)
On Tuesday, News Corporation’s stock dropped 2.5%, setting a new 52-week low of $44.11. Following the company’s 1Q FY26 update, Jarden maintained an overweight rating. They noted that while overall revenue rose 2% to US$2.1 billion, the market might undervalue the company’s prospects.
Jarden has slightly reduced their 12-month price target for News Corp from $53 to $51.70, projecting a total return of 12% for investors in this ASX 200 communication share.
Conclusion
These three ASX 200 shares reaching 52-week lows illustrate current market conditions. Investors may see opportunities in WiseTech Global, Xero, and News Corporation, each presenting unique prospects amid their respective challenges.
