Bell Potter lifts PT for Australia's Spirit Technology, flags acquisition appeal

Infotrust

05/11/2025 04:01

** Analysts at Bell Potter lift price target on Australia's Spirit Technology Solutions ST1.AX to A$0.65 from A$0.60; maintains "buy" rating

** Bell Potter notes that Spirit Technology could be an attractive acquisition target, given its position as the only sizeable independent player in Australia's cybersecurity sector - a market experiencing heavy M&A activity

** Following the acquisition of technology and cyber security services provider Infotrust in early 2024, the co's index classification will change to software and services which will be a positive - Bell Potter

** ST1 stock flat at A$0.55; YTD down 9.8%

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))