WiseTech Bull Expects News From Major Customer Soon -- Market Talk

Dow Jones

04/30

0211 GMT - WiseTech Global's bull at Citi expects Danish freight-forwarder DSV is close to revealing how much of its business will head the way of the Australian logistics-software provider. Analyst Siraj Ahmed says his base case scenario is that DSV will shift much of its needs from WiseTech's CargoWise platform to the Tango platform that came with its 2025 acquisition of DB Schenker. He expects DSV to clarify its plans at its May 12 capital markets day. Ahmed adds that DSV could continue to use the Australian logistics-software provider to manage its customs compliance. Citi has a last-published buy rating and A$65.35 target price on WiseTech shares, which are up 5.0% at A$43.38. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

April 29, 2026 22:11 ET (02:11 GMT)

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