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)
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