WiseTech Bulls Expect Clarity on Job Cuts

Dow Jones

07/28

0108 GMT - WiseTech Global's bulls at RBC Capital Markets expect the logistics-software developer's annual result announcement to provide some long-awaited detail on job cuts. Analysts Jackson Lee and Jonathan Atkin tell clients in a note that they look forward to some clarity from the Australian company, which this year announced 2,000 redundancies with only a general explanation of where in the business they would occur. This is one of several key debates that remain highly contested ahead of the result, the analysts say. They think WiseTech will also give information on contract terms with freight forwarders including DSV, and developments in its artificial-intelligence capabilities. RBC keeps an outperform rating on the stock but lowers its target price 9% to 64.00 Australian dollars. Shares are up 2.9% at A$33.05. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 27, 2026 21:08 ET (01:08 GMT)

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Analysts Jackson Lee and Jonathan Atkin tell clients in a note that they look forward to some clarity from the Australian company, which this year announced 2,000 redundancies with only a general explanation of where in the business they would occur. This is one of several key debates that remain highly contested ahead of the result, the analysts say. They think WiseTech will also give information on contract terms with freight forwarders including DSV, and developments in its artificial-intelligence capabilities. RBC keeps an outperform rating on the stock but lowers its target price 9% to 64.00 Australian dollars. Shares are up 2.9% at A$33.05. 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Analysts Jackson Lee and Jonathan Atkin tell clients in a note that they look forward to some clarity from the Australian company, which this year announced 2,000 redundancies with only a general explanation of where in the business they would occur. This is one of several key debates that remain highly contested ahead of the result, the analysts say. They think WiseTech will also give information on contract terms with freight forwarders including DSV, and developments in its artificial-intelligence capabilities. RBC keeps an outperform rating on the stock but lowers its target price 9% to 64.00 Australian dollars. Shares are up 2.9% at A$33.05.  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They think WiseTech will also give information on contract terms with freight forwarders including DSV, and developments in its artificial-intelligence capabilities. RBC keeps an outperform rating on the stock but lowers its target price 9% to 64.00 Australian dollars. Shares are up 2.9% at A$33.05. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 27, 2026 21:08 ET (01:08 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}