Technology One's 2030 Target Already Looks Conservative -- Market Talk

Dow Jones

Nov 20, 2024

2321 GMT - Technology One's medium-term revenue goal already looks conservative to its bulls at Wilsons. The broker's analysts tell clients in a note that the enterprise software provider's short-term target of A$500 million in annual recurring revenue by the end of its current fiscal half looks very achievable. They point out that the Australian company reported A$470 million in ARR over fiscal 2024, a 20% on-year rise. Given this pace, Technology One's aim to hit A$1 billion by 2030 looks conservative to them even at this distance. They say that enviable cash generation looks likely to fuel strong organic dividend growth, with extra payouts possible. Wilsons raises its target price 47% to A$32.69 and stays overweight on the stock, which is down 0.9% at A$29.18. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

November 19, 2024 18:21 ET (23:21 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2484900183"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2484900183\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2484900183?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-20 07:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2484900183","market":"sh","top_or_hot":-1,"title":"Technology One's 2030 Target Already Looks Conservative -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2321 GMT - Technology One's medium-term revenue goal already looks conservative to its bulls at Wilsons. The broker's analysts tell clients in a note that the enterprise software provider's short-term target of A$500 million in annual recurring revenue by the end of its current fiscal half looks very achievable. They point out that the Australian company reported A$470 million in ARR over fiscal 2024, a 20% on-year rise. Given this pace, Technology One's aim to hit A$1 billion by 2030 looks conservative to them even at this distance. They say that enviable cash generation looks likely to fuel strong organic dividend growth, with extra payouts possible. Wilsons raises its target price 47% to A$32.69 and stays overweight on the stock, which is down 0.9% at A$29.18. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 19, 2024 18:21 ET (23:21 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Technology One's 2030 Target Already Looks Conservative -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTechnology One's 2030 Target Already Looks Conservative -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-20 07:21</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2321 GMT - Technology One's medium-term revenue goal already looks conservative to its bulls at Wilsons. The broker's analysts tell clients in a note that the enterprise software provider's short-term target of A$500 million in annual recurring revenue by the end of its current fiscal half looks very achievable. They point out that the Australian company reported A$470 million in ARR over fiscal 2024, a 20% on-year rise. Given this pace, Technology One's aim to hit A$1 billion by 2030 looks conservative to them even at this distance. They say that enviable cash generation looks likely to fuel strong organic dividend growth, with extra payouts possible. Wilsons raises its target price 47% to A$32.69 and stays overweight on the stock, which is down 0.9% at A$29.18. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 19, 2024 18:21 ET (23:21 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7503","symbol_name":"科技股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2484900183","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484900183","pubTimestamp":1732058460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2321 GMT - Technology One's medium-term revenue goal already looks conservative to its bulls at Wilsons. The broker's analysts tell clients in a note that the enterprise software provider's short-term target of A$500 million in annual recurring revenue by the end of its current fiscal half looks very achievable. They point out that the Australian company reported A$470 million in ARR over fiscal 2024, a 20% on-year rise. Given this pace, Technology One's aim to hit A$1 billion by 2030 looks conservative to them even at this distance. They say that enviable cash generation looks likely to fuel strong organic dividend growth, with extra payouts possible. Wilsons raises its target price 47% to A$32.69 and stays overweight on the stock, which is down 0.9% at A$29.18. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7503":"科技股","BK7016":"应用软件","TNE.AU":"TECHNOLOGY ONE LTD"},"translate_title":"Technology One的2030年目标看起来已经很保守——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TNE.AU":0.9},"content_text":"2321 GMT - Technology One's medium-term revenue goal already looks conservative to its bulls at Wilsons. The broker's analysts tell clients in a note that the enterprise software provider's short-term target of A$500 million in annual recurring revenue by the end of its current fiscal half looks very achievable. They point out that the Australian company reported A$470 million in ARR over fiscal 2024, a 20% on-year rise. Given this pace, Technology One's aim to hit A$1 billion by 2030 looks conservative to them even at this distance. They say that enviable cash generation looks likely to fuel strong organic dividend growth, with extra payouts possible. Wilsons raises its target price 47% to A$32.69 and stays overweight on the stock, which is down 0.9% at A$29.18. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 19, 2024 18:21 ET (23:21 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}