Technology One Loses Bull on Share-Price Surge -- Market Talk

Dow Jones

Apr 20

0102 GMT - Technology One's share-price rally costs the enterprise-software provider a bull at Bell Potter, where analyst Chris Savage is looking elsewhere for better value. Cutting his rating from buy to hold, Savage tells clients that he still sees Technology One as well placed to withstand AI-related disruption but that the stock is now expensive relative to tech-related peers. Making his case, he points to Technology One's share-price performance relative to WiseTech, Pro Medicus, and Life360. Savage makes no changes to his forecasts, but Bell Potter raises its target price 6.9% to A$31.00 on higher multiples. Shares are up 0.2% at A$30.88. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

April 19, 2026 21:02 ET (01:02 GMT)

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Cutting his rating from buy to hold, Savage tells clients that he still sees Technology One as well placed to withstand AI-related disruption but that the stock is now expensive relative to tech-related peers. Making his case, he points to Technology One's share-price performance relative to WiseTech, <a href=\"https://laohu8.com/S/PMCUF\">Pro Medicus</a>, and Life360. Savage makes no changes to his forecasts, but Bell Potter raises its target price 6.9% to A$31.00 on higher multiples. Shares are up 0.2% at A$30.88. 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Cutting his rating from buy to hold, Savage tells clients that he still sees Technology One as well placed to withstand AI-related disruption but that the stock is now expensive relative to tech-related peers. Making his case, he points to Technology One's share-price performance relative to WiseTech, <a href=\"https://laohu8.com/S/PMCUF\">Pro Medicus</a>, and Life360. Savage makes no changes to his forecasts, but Bell Potter raises its target price 6.9% to A$31.00 on higher multiples. Shares are up 0.2% at A$30.88. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 19, 2026 21:02 ET (01:02 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7503","symbol_name":"科技股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2628922917","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2628922917","pubTimestamp":1776646920,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0102 GMT - Technology One's share-price rally costs the enterprise-software provider a bull at Bell Potter, where analyst Chris Savage is looking elsewhere for better value. 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Cutting his rating from buy to hold, Savage tells clients that he still sees Technology One as well placed to withstand AI-related disruption but that the stock is now expensive relative to tech-related peers. Making his case, he points to Technology One's share-price performance relative to WiseTech, Pro Medicus, and Life360. Savage makes no changes to his forecasts, but Bell Potter raises its target price 6.9% to A$31.00 on higher multiples. Shares are up 0.2% at A$30.88. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 19, 2026 21:02 ET (01:02 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}