Bell Potter raises Australian firm WiseTech's target price on E2open buy

E2open Parent Holdings

28/05/2025 05:06

** WiseTech Global shares WTC.AX rise as much as 2% to A$109.170

** Analysts at Bell Potter see WiseTech's $2.1 billion acquisition of U.S. cloud computing firm E2open ETWO.N accelerating its entry into adjacent markets

** Brokerage raises PT from A$112.50/shr to A$122.50/shr, maintains "buy" rating for the software co

** Co reduces key risks — regional and global trade volumes as well as competition — after it reiterated FY25 outlook, says brokerage

** WiseTech's 55 acquisitions over 10 years reduces E2open integration risk, Bell Potter notes

** Stock down 10.5% YTD, including the day's move

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))