Bell Potter raises Australian firm WiseTech's target price on E2open buy
ReutersMay 28, 2025 4:06 AM
WiseTech Global shares WTC.AX rise as much as 2% to A$109.170
Analysts at Bell Potter see WiseTech's $2.1 billion acquisition of U.S. cloud computing firm E2open ETWO.N accelerating its entry into adjacent markets
Brokerage raises PT from A$112.50/shr to A$122.50/shr, maintains "buy" rating for the software co
Co reduces key risks — regional and global trade volumes as well as competition — after it reiterated FY25 outlook, says brokerage
WiseTech's 55 acquisitions over 10 years reduces E2open integration risk, Bell Potter notes
Stock down 10.5% YTD, including the day's move
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