We are looking for a number of strong bounces, at the very least, by the ASX tech stocks into 2026, the big question is how far can they fall first with new lows feeling likely, hence at this stage we’re placing bids below the recent low. There were a number of candidates to play such a recovery but we felt CAT’s 1H result delivering +17% revenue growth, +57% earnings growth and +70% free cash flow growth placed it as our favourite contender to recover from the recent savage valuation contraction.
- We are looking for a low in the high growth ASX stocks in the coming days/weeks, with CAT our preferred bounce candidate.
Trade Idea: Buy Catapult Sports Ltd (CAT) at $4.00 with initial stops at $3.60 – 10% risk.
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