** Bell Potter hikes price target for TechnologyOne Ltd
on the general rally in the tech sector since early Aug
** Brokerage hikes PT by 8% to A$24.0 for the Australian software co, maintains "hold" recommendation
** TNE stock currently down 0.5% at A$24 after three straight sessions of gains
** Bell Potter continues to forecast TNE's profit before tax growth in FY24-26 of 17%, 19% and 19%, respectively
** Brokerage expects co's FY24 results to be announced on Nov. 19 to be supportive of share price rather than providing major catalyst
** Stock up ~57% YTD
(Reporting by Ayushman Ojha in Bengaluru)
((Ayushman.ojha@thomsonreuters.com;))
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