Sydney, June 12, 2026, 08:02 (AEST)
- WiseTech Global finished June 11 at A$36.99, off 2.79%. The stock moved between A$36.53 and A$37.61.
- The S&P/ASX 200 fell 0.23% to 8,633.20. Technology stocks like WiseTech put pressure on the index.
- Bell Potter is sticking with its buy call on WiseTech, though the broker has cut the price target to A$71.75 from A$78.75.
WiseTech Global Ltd. shares fell further on Thursday, finishing at A$36.99, down 2.79% or A$1.06. Market data put the last trade at 4:10 p.m. Sydney. The logistics software firm started the day at A$37.12, hit a high of A$37.61 and slipped to A$36.53 at the low. Volume was 2.08 million shares.
Australian shares slipped as the S&P/ASX 200 finished 20.10 points lower at 8,633.20 and the All Ordinaries shed 0.23% to 8,836.70. Tensions in the Middle East and firmer oil weighed on sentiment. Tech names like Xero, WiseTech Global and NextDC pulled the broader market down.
WiseTech is still trading near its 52-week low of A$35.54 and is well off its 52-week high of A$121.31, showing just how much the mood has changed for the former ASX tech favourite. As of Thursday’s close, Google Finance put WiseTech’s market cap at A$12.43 billion with a price-to-earnings ratio of 53.60.
Brokers are split on WiseTech after the stock’s latest fall. Motley Fool Australia said Thursday that Bell Potter cut its target on WiseTech to A$71.75 from A$78.75 but held its buy call. That target stays well above where shares last traded.
WiseTech’s investor case still turns on its AI overhaul and the e2open deal. At the first-half FY26 briefing, CEO Zubin Appoo told investors, “the era of manually writing code as the core act of engineering is over.” The company said revenue grew 76% in the half, with an EBITDA margin at 38%.
WiseTech said in its latest half-year update that about 95% of CargoWise customers now have CargoWise Value Packs. The company also said e2open integration hit Horizon 1 FY27’s US$50 million cost synergy target in annualised run-rate savings almost 18 months early. The briefing also showed first-half revenue of US$672.0 million, CargoWise revenue up 12% to US$372.4 million, and underlying NPAT at US$114.5 million.
WiseTech stuck with its FY26 outlook, keeping revenue at US$1.39 billion to US$1.44 billion. EBITDA guidance stayed at US$550 million to US$585 million, with an EBITDA margin range of 40% to 41%. The company said these forecasts rely on no major shift in market conditions and do not factor in potential savings from planned headcount cuts. Investors are looking to see if the share price holds at current lows as sentiment on ASX tech, trade flows worldwide, and how WiseTech delivers on its AI and e2open plans draw attention.
