0024 GMT - Recent comments from Technology One's management is seen by Bell Potter analyst Chris Savage as supporting his view that the enterprise software provider could lift its annual profit guidance. Savage points out in a note to clients that a presentation by the CEO at February's annual general meeting highlighted the fact that it raised its guidance for fiscal 2024, which ended Sept. 30. Coupled with a comment that the fiscal 2025 outlook is strong, Savage still thinks that the Australia-listed company could lift its profit guidance for the current year to something like 14%-18% growth. Bell Potter raises its target price 3.4% to A$30.50 and keeps a hold rating on the stock, which is down 1.9% at A$28.98. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 05, 2025 19:24 ET (00:24 GMT)
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