WiseTech Global Keeps Bull Despite Conflict Caution -- Market Talk

Dow Jones
04/24

0307 GMT - WiseTech Global keeps its bull at Morgans despite the broker's analysts feeling more cautious on the logistics-software provider's growth outlook. The analysts keep a buy rating on the stock despite trimming their revenue forecasts to reflect pressures on freight volume and sentiment from the Middle East conflict. They tell clients in a note that they are also adjusting their FY 2027 and 2028 forecasts to account for the risk that Danish-listed freight forwarder DSV moves some business away from WiseTech and onto its in-house systems. However, they like WiseTech's track record of growth and cash-flow generation, and see it as a likely beneficiary of AI adoption over the long term. Morgans cuts its target price 16% to A$70.40. Shares are down 2.0% at A$43.51. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

April 23, 2026 23:07 ET (03:07 GMT)

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