{"id":133459,"date":"2026-03-24T04:37:37","date_gmt":"2026-03-24T07:37:37","guid":{"rendered":"https:\/\/tech.einnews.com\/article\/901397736"},"modified":"2026-03-24T04:37:37","modified_gmt":"2026-03-24T07:37:37","slug":"this-could-be-a-once-in-a-decade-opportunity-to-buy-cheap-asx-tech-stocks","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/03\/24\/this-could-be-a-once-in-a-decade-opportunity-to-buy-cheap-asx-tech-stocks\/","title":{"rendered":"This could be a once-in-a-decade opportunity to buy cheap ASX tech stocks"},"content":{"rendered":"<p>It doesn&#8217;t happen often. <\/p>\n<p>A group of high-quality ASX tech stocks, many of them with global businesses, all falling heavily at the same time. <\/p>\n<p>But that&#8217;s exactly what we&#8217;re seeing right now. <\/p>\n<p><span>Driven by concerns around&nbsp;<a href=\"https:\/\/www.fool.com.au\/investing-education\/interest-rates\/\" target=\"_blank\">interest rates<\/a>, valuation resets, and, more recently,&nbsp;<a href=\"https:\/\/www.fool.com.au\/investing-education\/ai-shares-asx\/\" target=\"_blank\">artificial intelligence (AI)<\/a>&nbsp;disruption, a number of well-known names have been pushed 35% to 60% below their highs.<\/span><\/p>\n<p>That doesn&#8217;t automatically make them buys. But it does make them worth a closer look.<\/p>\n<p>Here are five I think stand out. <\/p>\n<figure class=\"post-thumbnail\"><img data-opt-id=758893364  fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i2.wp.com\/www.fool.com.au\/wp-content\/uploads\/2022\/08\/Coupang.jpg?ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i2.wp.com\/www.fool.com.au\/wp-content\/uploads\/2022\/08\/Coupang.jpg?ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i2.wp.com\/www.fool.com.au\/wp-content\/uploads\/2022\/08\/Coupang.jpg?ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i2.wp.com\/www.fool.com.au\/wp-content\/uploads\/2022\/08\/Coupang.jpg?ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i2.wp.com\/www.fool.com.au\/wp-content\/uploads\/2022\/08\/Coupang.jpg?ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i2.wp.com\/www.fool.com.au\/wp-content\/uploads\/2022\/08\/Coupang.jpg?ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i2.wp.com\/www.fool.com.au\/wp-content\/uploads\/2022\/08\/Coupang.jpg?ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i2.wp.com\/www.fool.com.au\/wp-content\/uploads\/2022\/08\/Coupang.jpg?ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i2.wp.com\/www.fool.com.au\/wp-content\/uploads\/2022\/08\/Coupang.jpg?ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i2.wp.com\/www.fool.com.au\/wp-content\/uploads\/2022\/08\/Coupang.jpg?ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i2.wp.com\/www.fool.com.au\/wp-content\/uploads\/2022\/08\/Coupang.jpg?ssl=1&w=1600&resize=1600&ssl=1 1600w\" width=\"700\" height=\"369\" fifu-data-src=\"https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i2.wp.com\/www.fool.com.au\/wp-content\/uploads\/2022\/08\/Coupang.jpg?ssl=1\" class=\"attachment-full size-full wp-post-image\" alt=\"Woman in celebratory fist move looking at phone.\"><figcaption>\n<p>Image source: Getty Images<\/p>\n<\/figcaption><\/figure>\n<p>Xero has gone from market darling to market concern in a relatively short period of time. But I still see a global accounting platform with strong positioning among small and medium-sized businesses. <\/p>\n<p>It continues to grow its subscriber base and expand internationally, particularly in markets like the UK and North America.<\/p>\n<p>The key for me is that accounting software is deeply embedded in operations. Once a business is using Xero, switching is difficult.<\/p>\n<p>The share price may be down significantly, but the long-term growth opportunity still looks intact.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Pro Medicus Ltd (<a class=\"tickerized-link\" href=\"https:\/\/www.fool.com.au\/tickers\/asx-pme\/\">ASX: PME<\/a>)<\/strong><\/h2>\n<p>Pro Medicus is a very different kind of tech company. It operates in medical imaging software, supplying hospitals and healthcare providers with high-performance diagnostic tools.<\/p>\n<p>What stands out is its reputation and track record. The company has consistently won large contracts, particularly in the United States.<\/p>\n<p>Healthcare isn&#8217;t a short-term trend. Demand for imaging and diagnostics continues to grow, supported by ageing populations and increasing healthcare needs.<\/p>\n<p>After a sharp share price decline, I see an opportunity to buy a high-quality business with strong long-term potential at a better price.<\/p>\n<h2 class=\"wp-block-heading\"><strong>TechnologyOne Ltd (<a class=\"tickerized-link\" href=\"https:\/\/www.fool.com.au\/tickers\/asx-tne\/\">ASX: TNE<\/a>)<\/strong><\/h2>\n<p>TechnologyOne is one of the quieter success stories on the ASX. It provides enterprise software to government agencies, universities, and large organisations, with a strong focus on <a href=\"https:\/\/www.fool.com.au\/definitions\/arr\/\">recurring revenue<\/a>.<\/p>\n<p>What I like here is the consistency. The company has steadily grown its earnings over time while transitioning customers to its cloud platform.<\/p>\n<p>That creates visibility and predictability, which is valuable in any environment.<\/p>\n<p>It may not attract the same attention as some other tech names, but I think its reliability is part of what makes it appealing.<\/p>\n<p>Life360 brings a different type of growth exposure. Its app connects families through location sharing and safety features, and it has been building a large global user base.<\/p>\n<p>The business is now focused on monetisation, converting users into paying subscribers, and expanding its product offering.<\/p>\n<p>There&#8217;s still execution risk here, particularly with <a href=\"https:\/\/www.fool.com.au\/tickers\/asx-360\/announcements\/2026-01-06\/2a1646610\/completes-nativo-acquisition-and-surpasses-50-mln-u.s.-mau\/\">recent acquisitions<\/a>, but I think the opportunity is significant if it continues to scale successfully.<\/p>\n<p>With the share price down heavily, the market appears to be questioning that path, which is where I think potential upside can emerge.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-catapult-sports-ltd-asx-cat\"><strong>Catapult Sports Ltd (<a class=\"tickerized-link\" href=\"https:\/\/www.fool.com.au\/tickers\/asx-cat\/\">ASX: CAT<\/a>)<\/strong><\/h2>\n<p>Catapult sits at the heart of sports and technology. It provides performance analytics and wearable technology to professional sports teams around the world.<\/p>\n<p>What I find interesting is its niche positioning. It has built strong relationships across elite sports leagues like the NBA, EPL, and NFL, which gives it a level of defensibility.<\/p>\n<p>The business has been moving toward a recurring revenue model, which could improve stability over time.<\/p>\n<p>Like many ASX tech stocks, it hasn&#8217;t been spared from the recent sell-off, but the long-term opportunity in sports analytics remains.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-foolish-takeaway\"><strong>Foolish Takeaway<\/strong><\/h2>\n<p>When markets turn against a sector, everything tends to fall together. <\/p>\n<p>Right now, ASX tech looks to be in that phase, with Xero, Pro Medicus, TechnologyOne, Life360, and Catapult shares all being hit hard despite their long-term growth potential.<\/p>\n<p>There&#8217;s no guarantee of a quick rebound. But for patient investors, I think this could be one of those once-in-a-decade periods where high-quality stocks are available at far more reasonable prices.<\/p>\n<p><strong><a href=\"https:\/\/blockads.fivefilters.org\"> <\/a><\/strong> <a href=\"https:\/\/blockads.fivefilters.org\/acceptable.html\"> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8230; group of high-quality ASX <span class=\"match\">tech<\/span> stocks, many of them &#8230; is a very different kind of <span class=\"match\">tech<\/span> company. It operates in &#8230; same attention as some other <span class=\"match\">tech<\/span> names, but I think &#8230; provides performance analytics and wearable <span class=\"match\">technology<\/span> to professional sports teams around &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-133459","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/133459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=133459"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/133459\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=133459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=133459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=133459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}