WiseTech's Bull Feels Positive About AI Strategy -- Market Talk

Dow Jones
Yesterday

0124 GMT - WiseTech Global's decision to reshape its operating model using artificial intelligence is backed by its bull at Citi. Analyst Siraj Ahmed thinks the logistics-software provider Wisetech is well positioned to introduce agentic capabilities that can materially automate and enhance customer workflows. However, execution on product development could be tougher over the near term due to the 50% reduction in relevant staff. Ahmed keeps a buy rating on the stock, but opens a negative catalyst watch on the stock ahead of logistics operator DSV's capital markets day in May. He sees rising risk that DSV will take its software needs in-house. Citi cuts its target price 40% to A$65.35. Shares are up 0.2% at A$49.09. (stuart.condie@wsj.com)

 

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February 26, 2026 20:24 ET (01:24 GMT)

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