WiseTech Bull Sees Company Focused on Hitting Guidance
Dow Jones
Yesterday
0446 GMT - WiseTech Global's bull at Macquarie thinks the logistics-software provider is extremely focused on achieving its fiscal 2027 earnings guidance. A note from the investment bank's analysts says the Australian company's underlying Ebitda guidance pointedly excludes cost savings from its planned exit from professional services, with management uncertain over the timing and quantum of the reductions. The analyst also reckons that Ebitda margin guidance is conservative. The stock's valuation at 22 times fiscal 2028 earnings is undemanding, but catalysts are needed for an improvement, they add. Macquarie keeps an outperform rating on the stock and raises its target price 2.3% to 48.20 Australian dollars. Shares are down 3.0% at A$39.68.
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