Morningstar 'remains impressed' by Technology One's customer retention

TECHNOLOGY ONE

21/11/2023 22:33

** Analysts at Morningstar "remain impressed" by Technology
One's  TNE.AX  customer retention, retains "buy" rating
    ** Jefferies says TNE's transition to SaaS (software as a
service) will ensure greater earnings visibility going forward
    ** Morningstar has a price target of A$14, while Jefferies
has a PT of A$16 for the software solutions firm 
    ** "Technology One's revenue growth, net revenue retention
(NRR), and overall business performance remain supported by
exceptionally low customer churn of just 1%" - Morningstar
    ** Four of 13 analysts rate stock "buy" or higher, eight
"hold" and one "sell"; their median PT is A$15.90 - LSEG data
    ** Stock up 22.3% YTD, as of last close
 

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))