2332 GMT - WiseTech Global's bull at Citi wouldn't be surprised to see the logistics software provider use August's annual results announcement to announce more global rollouts of its CargoWise platform. Analyst Siraj Ahmed thinks that rollouts with Asian forwarders are most likely. He adds that discussions with DSV and other industry participants suggests that DSV is likely to stick with CargoWise at least in the near term. Ahmed tells clients in a note that analyst forecasts for fiscal 2025 are probably a bit high, but he sees potential for larger-than-expected upside from WiseTech's CargoWise Next platform in fiscal 2026. Citi keeps a buy rating and A$115.00 target price on the stock, which is up 1.4% at A$86.15. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 16, 2025 19:32 ET (23:32 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。