2332 GMT - WiseTech Global's bull at Citi wouldn't be surprised to see the logistics software provider use August's annual results announcement to announce more global rollouts of its CargoWise platform. Analyst Siraj Ahmed thinks that rollouts with Asian forwarders are most likely. He adds that discussions with DSV and other industry participants suggests that DSV is likely to stick with CargoWise at least in the near term. Ahmed tells clients in a note that analyst forecasts for fiscal 2025 are probably a bit high, but he sees potential for larger-than-expected upside from WiseTech's CargoWise Next platform in fiscal 2026. Citi keeps a buy rating and A$115.00 target price on the stock, which is up 1.4% at A$86.15. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 16, 2025 19:32 ET (23:32 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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。