Buy Hold Sell: 5 ASX tech stocks bouncing back from the SaaS-pocalypse

The great ASX tech unwind has been brutal. After years of premium valuations, strong growth and near-bulletproof market faith, some of Australia’s best-known software and technology stocks have been dragged back to earth. The trigger? A mix of stretched multiples, slowing growth, investor fatigue and, increasingly, the disruptive threat of artificial intelligence. The five names in this episode – Life360 (ASX: 360), Pro Medicus (ASX: PME ), Xero (ASX: XRO), TechnologyOne (ASX: TNE) and WiseTech Global (ASX: WTC) – fell an average of around 65% from their highs to their lows. More recently, however, they have recovered an average of around 30%, with one stock now just 26% off its all-time high. So, is this the beginning of a genuine turnaround? Or just a relief rally in a sector still facing uncomfortable questions? In this special episode of Buy Hold Sell, Matthew Kidman returns as host for the first time in three years, alongside two familiar faces: Jun Bei Liu from Ten Cap and James Gerrish from Market Partners. Together, they run the ruler over five ASX tech leaders caught in the ‘SaaS-pocalypse’, and each names one beaten-up tech-related stock they believe is down, but not out. This episode was filmed on Wednesday, 10 June 2026. Read it here on Livewire Markets: https://bit.ly/4uoiPhv Timecodes: 00:00 - Market Overview: Navigating the "SaaSpocalypse" and the Impact of AI 01:55 - Life360 Inc. (ASX: 360) 05:25 - Pro Medicus Limited (ASX: PME) 08:10 - Xero Limited (ASX: XRO) 11:35 - TechnologyOne Limited (ASX: TNE) 13:45 - WiseTech Global Limited (ASX: WTC) 17:10 - Cochlear Limited (ASX: COH) 18:45 - SiteMinder Limited (ASX: SDR) 20:40 - Outro: Final Thoughts