0541 GMT - WiseTech Global's bull at Citi feels better about the logistics-software provider's current-year revenue prospects. Analyst Siraj Ahmed lifts his fiscal 2026 revenue growth forecast by 1% on a stronger contribution from the rollout of so-called value packs under the Australian company's new commercial model. He sees some risk of increased medium-term churn among large forwarders facing significant price increases, which WiseTech thinks its customers could pass on. Ahmed adds that new product development, including of AI features that could help them reduce costs, will be key. Citi maintains a buy rating but lowers its target price by 10% to A$109.15 on lower peer valuation multiples. Shares closed down 2.2% at A$70.99. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
December 11, 2025 00:42 ET (05:42 GMT)
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