WiseTech Bull Sees FY 2026 Revenue at Bottom of Guidance -- Market Talk

Dow Jones
Jun 11

0110 GMT - WiseTech Global's bull at Bell Potter now sees fiscal 2026 revenue coming in at the very bottom of the logistics-software provider's guidance range. Analyst Chris Savage lowers his revenue forecasts for the next three fiscal years, telling clients in a note that thinks the Australian company might be finding it harder than anticipated to move some customers across to its new pricing model. He wonders whether WiseTech may have to offer greater incentives to persuade the last of its customers on the old model to move across. He forecasts US$1.39 billion in fiscal 2026 revenue, and notes that WiseTech didn't mention its revenue guidance when it reiterated its Ebitda guidance last month. Bell Potter cuts its target price 8.9% to 71.75 Australian dollars and keeps a buy rating on the stock, which is down 1.5% at A$37.49. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

June 10, 2026 21:10 ET (01:10 GMT)

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