WiseTech Bull Sees Three Opportunities in e2Open -- Market Talk

Dow Jones
Jul 02
 

2328 GMT - WiseTech Global keeps its bull at Citi despite the prospect of pressure on the logistics-software provider's margins from its latest acquisition. Analyst Siraj Ahmed renews his "buy" rating on the stock, telling clients in a note that he sees three distinct opportunities from the e2Open acquisition. He reckons that the largest in terms of revenue is the extension of WiseTech's current CargoWise platform to beneficial cargo owners for logistics execution. Ahmed adds that this does come with execution risk and uncertainty. After a period of restriction, Citi places a A$127.40 target price on the stock. Shares are at A$107.99 ahead of the open. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

July 01, 2025 19:29 ET (23:29 GMT)

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