Bell Potter downgrades Australia's TechnologyOne to 'sell' on valuation concerns

TECHNOLOGY ONE

16/07/2025 24:44

** Bell Potter downgrades its rating for Australian software company TechnologyOne Ltd TNE.AX to "sell" from "hold"

** Brokerage adjusts rating to reflect valuation; says its updated price target represents an 11% discount to the current share price

** Bell Potter slightly raises its PT on TNE to A$35.75 from A$35.50

** Sixteen analysts on average rate the stock "hold"; their median PT is A$38.10, according to data compiled by LSEG

** YTD, shares up 28.9%, as of last close

 (Reporting by Nichiket  Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com;))