Australia's WiseTech gains as Jefferies raises PT, earnings estimates

E2open Parent Holdings

21/07/2025 05:57

Updates

** Shares of software solutions developer WiseTech Global WTC.AX rise as much as 1.7% to A$117.1, highest since February 19

** Stock outperforms technology sub-index .AXIJ, which is down 0.4%

** Jefferies raises PT to A$140 from A$115.5

** Upgrades EPS estimate by 2% for FY26 and 9% for FY27

** Upward revision accounts for firm's $2.1 bln deal to buy U.S. cloud computing firm E2open ETWO.N, assuming deal closes by CY2025-end

** Jefferies finds WTC's expected cost savings of $50 mln "very conservative", says revenue synergies should provide further upside as both firms have products complementary to each other

** Average rating of 13 analysts "buy"; median price target is A$127.4 - data compiled by LSEG

** Stock down 4.9% YTD, as of last close

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))