Technology One Looks Well Place for ERP Upgrade Cycle -- Market Talk

Dow Jones
2024/11/20

2359 GMT - Technology One's solid annual result shows the Australian software developer well placed as companies globally upgrade enterprise resource planning tools, Morgan Stanley analysts say. They tell clients in a note that more than 50% of chief information officers anticipate upgrading within the next two years. Technology One's early success in the U.K. and stronger-than-expected fiscal 2025 outlook suggests that the Australian company can benefit from companies' shift to cloud computing, they say. MS lifts its target price 68% to A$25.50 and stays equal-weight on the stock. Shares are down 2.6% at A$28.69. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

November 19, 2024 18:59 ET (23:59 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10