2333 GMT - WiseTech Global's bull at Citi wants more details on the logistics-software provider's latest revenue downgrade before updating his forecasts. Analyst Siraj Ahmed says he is waiting on WiseTech's first-half result announcement for information on whether revenue has been deferred by the delayed rollout of its Container Transport Optimisation product, or uptake of the ComplianceWise product has been slower than expected. There is potential for the Australian company's share price to drift back up if the downgrade is due to a timing issue, he adds. Citi has a buy rating and A$124.50 target price on the stock, which is down 2.8% at A$94.50. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 24, 2025 18:33 ET (23:33 GMT)
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