2258 GMT - Dicker Data's bull at UBS sees upside risk to his sales forecasts from a recovery among Australia's small- and medium-sized enterprises. Analyst Apoorv Sehgal tells clients in a note that he currently sees the computer hardware and software wholesaler recording 7% annual sales growth across 2025. This is supported by demand for new AI-capable PCs and follows the pickup in spending by small- and medium-sized businesses seen in the most recent December quarter. Sehgal sees stable cost margins through 2025, although there might be some potential for leverage. UBS lifts its target price 2.0% to A$10.20 and keeps a buy rating on the stock, which is at A$8.41 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 02, 2025 17:58 ET (22:58 GMT)
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