Wisetech Bull Thinks Worries Should Dissipate Soon

Dow Jones
07/20

0149 GMT - WiseTech Global's bull at Bell Potter wonders whether the logistics-software provider might be the next relatively large-cap Australian stock to rally. With an unchanged buy rating on the stock, analyst Chris Savage tells clients in a note that worries over its former executive chair's personal life and on potential earnings risks should start to dissipate over the coming months. The former is being addressed with the appointment of a new chair and Savage thinks the latter should follow next month, when he expects WiseTech to achieve its fiscal 2026 guidance. He acknowledges some risk on revenue but thinks this will be offset by margin strength. Bell Potter keeps a target price of 71.75 Australian dollars on the stock, which is down 2.7% at A$34.00. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

July 19, 2026 21:49 ET (01:49 GMT)

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