WiseTech's Long-Term Focus Lures New Bull -- Market Talk
Dow Jones12-05
0014 GMT - WiseTech Global gets a new bull at Macquarie as the logistics-software developer prioritizes long-term value creation over short-term economics. The investment bank's analysts tell clients in a note that execution risk remains elevated, but that the size of the challenge is commensurate with the size of the opportunity. They believe that WiseTech will fundamentally reshape the logistics industry, but warn that the path will not be easy. Macquarie keeps a A$108.50 target price on the stock, but raises its recommendation to outperform from neutral. Shares are up 0.4% at A$74.07. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
December 04, 2025 19:14 ET (00:14 GMT)
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