BUZZ-Citi upbeat on Wisetech Global's future growth, hikes price target

Reuters
2024-10-03

** Analysts at Citi upbeat on Australia's Wisetech ; expect the firm to deliver strong growth over next few years

** Brokerage sees tech company's FY25 revenue to be A$1,311 million ($902.49 million), a 26% rise year-on-year

** Brokerage says headcount growth slowed down from 15% in June 2024 to 8% currently, year-on-year

** Maintains "neutral" rating on WTC, lifts stock PT to A$138/shr from A$90/shr

** Five of 16 analysts rate stock "buy" or higher, 11 "hold"; their median PT is A$116 – LSEG data

** Stock is up 79% YTD, as of last close

($1 = 1.4526 Australian dollars)

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com;))

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