Technology One Keeps Bulls Despite Tech Correction -- Market Talk

Dow Jones
2025/11/24

0024 GMT - Technology One keeps its bulls at UBS despite a cut to the enterprise-software provider's earnings multiple on local tech stocks' recent derating. The investment bank's analysts slash their cash Ebitda multiple to 50X from 66X, pointing to what they say is a correction in Australia-listed tech and software stocks. Outside of that, little changes following the company's annual result announcement. The UBS analysts trim their annualized recurring revenue forecasts through fiscal 2028 but their pretax profit forecasts are unchanged. They say in a note that their conviction in Technology One's growth story has been reaffirmed. UBS cuts its target price 13% to A$38.70. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

November 23, 2025 19:24 ET (00:24 GMT)

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