SYDNEY, June 13, 2026, 09:02 AEST.
- WiseTech Global changed hands at A$37.50 on June 12, up 1.38%. The stock fell in the previous session.
- Bell Potter is said to have kept its buy rating, though the broker trimmed its price target to A$71.75 from A$78.75.
- WiseTech’s next big event is its 2026 full-year results, due August 26.
WiseTech Global Ltd. shares finished Friday with only a small move after a tough week for the tech name. The stock last changed hands at A$37.50 on June 12, rising 1.38% from its previous close of A$36.99. It moved between A$36.68 and A$38.20 in the session but is still near the low end of its 52-week range, which runs from A$35.54 to A$121.31.
ASX 200 jumps as risk appetite returns
The broader Australian market bounced, with the S&P/ASX 200 up 1.98% to 8,804 on June 12 as investors bought in on hopes for easing Middle East tensions. The move followed a 0.23% drop the day before, when tech names like Xero, WiseTech and NextDC had weighed on the index. WiseTech gets hit harder by sentiment swings than some others, since investors watch high-growth software stocks closely for changes in rates and valuation.
Bell Potter kept its buy rating on WiseTech but trimmed the 12-month target to A$71.75 from A$78.75. That’s according to reports, with the new target still above the current share price, signaling room to run. But it also points to analysts cutting back their forecasts after WiseTech’s recent pullback and concerns about the pace of its switch in its commercial model.
WiseTech’s outlook depends on whether it can turn recent operational changes into better earnings. The company posted total revenue of US$672.0 million in its first-half FY26, up 76% as five months of e2open added to the top line. CargoWise revenue was up 12% to US$372.4 million. EBITDA rose 31% to US$252.1 million. That measure, which is earnings before interest, tax, depreciation and amortisation, is often used as an indicator of operating profit before financing and some non-cash costs.
WiseTech bulls are betting the company’s hold on logistics software holds up as it pushes artificial intelligence, CargoWise Value Packs and e2open synergies to lift margins. About 95% of CargoWise customers are now on the new pricing model, the company said. WiseTech hit its US$50 million annualised e2open cost-synergy target almost 18 months ahead of schedule. CEO Zubin Appoo said the firm’s “moat extends far beyond our source code,” citing its global trade network.
The bear case is that the stock still doesn’t look cheap, even after the drop. Google Finance puts the price-to-earnings ratio near 54, so the market is paying a high multiple for earnings. WiseTech had a net leverage ratio of 3.2 times as of December 31, 2025. Its AI-driven restructure plans to cut around 2,000 jobs across FY26 and FY27. That raises execution risk while WiseTech also folds e2open into the business and pushes more customers to transaction pricing.
All eyes are on WiseTech’s full-year results due August 26, with investors waiting to see if FY26 guidance holds—revenue between US$1.39 billion and US$1.44 billion, and EBITDA from US$550 million to US$585 million. WiseTech shares at today’s level don’t look cheap, turning it into more of a high-risk recovery name. Bulls are betting the AI, CargoWise and e2open plan will pay off. For those nervous about valuation, leverage or execution, it’s a tougher case.
