2332 GMT - Technology One gets a new bull following the stock's 25% fall in value over the past two months. Bell Potter analyst Chris Savage raises his recommendation on the Australian enterprise-software provider to buy from hold, telling clients in a note that he sees next month's first-half result announcement as a potential catalyst. Savage expects a strong result including a 19% rise in pre-tax profit and annual recurring revenue in excess of the company's A$500 million target. He also anticipates guidance for something like 14%-18% growth in full-year profit, adding that Technology One has a history of exceeding its outlook. Target price falls 4.9% to A$29.00. Shares are at A$24.59 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 07, 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。