Jefferies selects TechnologyOne as top pick among large-cap Aussie software firms

TECHNOLOGY ONE

18/11/2025 22:21

** Analysts at Jefferies select TechnologyOne TNE.AX as their top pick among Australian large-cap software companies despite recent price plunge

** The tech company posted its worst day since 2002 on Tuesday, after reporting annual profit below analysts' expectations

** Jefferies says the share price sell-off has been overdone off a great result and unchanged outlook

    ** Brokerage says TNE posted 19% growth in profit before tax — ahead of their guided 13%-17% growth rate

    ** Says TNE is an attractively priced, high-quality software business with strong visibility and accelerating growth

** However, Jefferies lowers PT to A$41/shr from A$50/shr and maintains "buy" rating

** Most analysts covering the stock rate it "buy" or higher; their median PT is A$37.30 – LSEG data

** Stock down ~6.6% this year

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com))