0032 GMT - WiseTech Global's bull at Citi thinks that an acquisition of supply chain platform provider e2open would accelerate the Australian company's development and monetization of new products, including those already in progress. Analyst Siraj Ahmed writes in a note to clients that e2open could speed the development of WiseTech's Container Transport Optimization, and its Customs and Compliance. However, he points out that the acquisition would be margin dilutive and comes with execution risks. There are also questions about the timing of any deal given that WiseTech has no permanent CEO or CFO, Ahmed adds. Citi has a buy rating and A$115.50 target price on the stock, which is down 0.2% at A$94.21. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 01, 2025 20:32 ET (00:32 GMT)
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