Bell Potter upgrades Australia's Technology One on hopes of FY outlook beat

TECHNOLOGY ONE

04/09/2025 05:21

** Bell Potter upgrades Technology One TNE.AX to 'hold' from 'sell' amid hopes of co beating its FY guidance

** However, sees market risks to upgrade, citing tech stock sell-off driven by rising bond yields, uncertainty in market, limited upside as expectations for earnings beat might already be priced in

** Keeps PT unchanged at A$35.75, a 4.2% discount to last close

** TNE gains 0.9% to A$37.63; rises 20.2% YTD

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))