0102 GMT - Technology One's share-price rally costs the enterprise-software provider a bull at Bell Potter, where analyst Chris Savage is looking elsewhere for better value. Cutting his rating from buy to hold, Savage tells clients that he still sees Technology One as well placed to withstand AI-related disruption but that the stock is now expensive relative to tech-related peers. Making his case, he points to Technology One's share-price performance relative to WiseTech, Pro Medicus, and Life360. Savage makes no changes to his forecasts, but Bell Potter raises its target price 6.9% to A$31.00 on higher multiples. Shares are up 0.2% at A$30.88. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 19, 2026 21:02 ET (01:02 GMT)
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