Macquarie Bullish on ASX IT Stocks – WTC, XRO, NXT Gets Positive Rating

Sonal Goyal

11 February 2026 04:26 PM AEDT

Macquarie Bullish on ASX IT Stocks – WTC, XRO, NXT Gets Positive Rating

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Highlights:

Macquarie assigned Outperform ratings to WTC (AUD 94), XRO (AUD 233.80) and NXT (AUD 22.30).
Xero is expanding its global AI capabilities and US payments presence.
NEXTDC secured planning approval for its M4 Melbourne data centre development.

Macquarie Research has issued positive ratings on three major ASX-listed technology companies, highlighting WiseTech Global (ASX:WTC), Xero Limited (ASX:XRO), and NEXTDC Limited (ASX:NXT) as key picks within the sector. The brokerage assigned “Outperform” ratings to all three stocks, setting price targets of AUD 94 for WTC, AUD 233.80 for XRO, and AUD 22.30 for NXT. The call comes as the S&P/ASX 200 Information Technology Index closed at 1,834.70, up 0.69% on 11 February.

Macquarie Endorses Leading ASX Tech Names

Macquarie’s latest research note places WiseTech Global, Xero, and NEXTDC among its preferred exposures in the Australian technology space. The Outperform ratings suggest the broker expects these stocks to deliver returns above the broader market.

On 11 February, Xero shares were trading at AUD 83.94, down 0.97% for the session. WiseTech Global closed at AUD 50.87, up 0.55%, while NEXTDC finished at AUD 13.98, gaining 1.45%.

Let’s have a look at the company’s recent updates.

Xero Showcases AI and US Payments Expansion

On 3 February 2026, Xero hosted an investor briefing outlining its global artificial intelligence initiatives and US payments strategy. The company demonstrated multiple AI agents operating under its JAX system on Xero.com.

The session also featured Melio’s multi-channel payments offerings, available through Melio.com, Xero.com and its syndication network. The update forms part of Xero’s broader push to expand product capability and international reach.

Macquarie’s AUD 233.80 target compares with Xero’s last traded price of AUD 83.94 on 11 February.

WiseTech Global Sets FY26 Financial Calendar

WiseTech Global has outlined its FY26 reporting schedule and shareholder meeting dates.

The company will release its half-year results and interim dividend announcement on 25 February 2026, followed by its full-year results and final dividend announcement on 26 August 2026. The 2026 Annual General Meeting is scheduled for 27 November 2026.

Dividend dates for FY26 include:

Interim dividend ex-date: 13 March 2026, payment on 10 April 2026
Final dividend ex-date: 11 September 2026, payment on 9 October 2026

Macquarie has set a price target of AUD 94 on WTC shares.

NEXTDC Advances Melbourne Data Centre Project

NEXTDC announced that its M4 Melbourne Data Centre development at Port Melbourne has received the required Planning Permit (reference PA2504019) from the Victorian Minister for Planning.

The approval allows the company to progress development of the facility in Victoria. Macquarie’s Outperform rating on NEXTDC carries a price target of AUD 22.30, compared with its 11 February closing price of AUD 13.98.

Macquarie’s positive stance on WiseTech Global, Xero and NEXTDC highlights renewed attention on the ASX technology sector. With developments spanning AI integration, financial reporting milestones and infrastructure expansion, the three companies remain closely watched as investors assess upcoming announcements and project progress.

Frequently Asked Questions (F&Q)

What ratings did Macquarie assign to the three ASX IT stocks?
Macquarie issued Outperform ratings for WiseTech Global (AUD 94 target), Xero (AUD 233.80 target), and NEXTDC (AUD 22.30 target).
What recent update did Xero provide to investors?
Xero hosted an investor briefing detailing its global AI initiatives under the JAX system and expansion of US payments through Melio’s multi-channel platform.
What development approval did NEXTDC receive?
NEXTDC secured the Planning Permit for its M4 Melbourne Data Centre at Port Melbourne from the Victorian Minister for Planning.

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