Wisetech Bull Expects Share Price Weakness to Persist

Dow Jones
07/09

0115 GMT - WiseTech Global's bull at Citi expects weakness in the logistics-software provider's share price to persist until its annual result announcement next month. Analyst Siraj Ahmed lowers his annual profit forecasts through FY 2028 on freight forwarder DSV's decision to move its volumes in house. He tells clients in a note that he sees downside risk to consensus revenue expectations for FY 2027, which began July 1. Ahmed says he continues to see WiseTech as well placed as an enabler of AI across logistics, but warns of uncertainty from its new commercial model. Citi lowers its target price 21% to 52.00 Australian dollars. Shares are down 1.7% at A$34.06. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

July 08, 2026 21:15 ET (01:15 GMT)

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