Sydney, June 15, 2026, 08:04 (AEST)
- WiseTech Global closed at A$37.50 on June 12, rising 1.38% in the session. The stock is still off more than 64% over 12 months.
- Investors are sizing up FY26 guidance, e2open integration and an AI restructuring effort, while valuation and execution risks hang over the stock.
- WiseTech’s 2026 full-year numbers are due August 26, marking the next big event.
WiseTech Global Ltd (WTC) picked up A$0.51 to finish at A$37.50 on Friday, a gain of 1.38% for the session. The S&P/ASX 200 lifted 1.98% to 8,804. WTC is still down 64.42% over the past year despite a small rebound in the last month, according to Trading Economics data. The stock is still under a close watch after last year’s steep de-rating.
WiseTech’s debate isn’t just about Friday’s move. Simply Wall St on June 13 put the share price at A$37.50, with a 90-day return down 21.17% and a one-year total shareholder return off 64.30%. This comes even with guidance confirmed, more progress on AI, and quicker e2open synergies. Investors now are split—some say the sell-off is overdone, others point to concerns on valuation. The stock is trading on as much sentiment as numbers.
WiseTech’s latest update kept bulls engaged. The logistics software firm posted US$672.0 million in revenue for 1H26, up 76% after bringing e2open into the fold. CargoWise revenue climbed 12% to US$372.4 million. EBITDA rose 31% to US$252.1 million. But reported EBITDA margin slipped to 38%, with e2open, restructuring, and M&A outlays weighing. CEO Zubin Appoo put the AI shift bluntly: “the era of manually writing code as the core act of engineering is over.”
WiseTech kept its FY26 outlook, with revenue still expected at US$1.39 billion to US$1.44 billion and EBITDA between US$550 million to US$585 million. The EBITDA margin is forecast in a 40% to 41% range, not counting the headcount cuts the company detailed in its results. WiseTech also reported hitting e2open’s US$50 million annualised run-rate savings mark back in January, well ahead of schedule. About 95% of CargoWise customers now use the new commercial model, the company said.
Analyst sentiment is still positive, but not aligned. TipRanks data puts Bell Potter analyst Chris Savage at buy with a lower A$71.75 target, updated June 11. J.P. Morgan’s Bob Chen CFA stays neutral with a hold and a A$40 target from June 2. TipRanks shows the average target is A$68.06, but the range is large, from A$40.00 up to A$97.70. The spread suggests a split between caution and optimism.
WiseTech’s stock is still priced for near-flawless execution, even after the slump. StockLight puts its price/earnings ratio at 54.35, so investors are paying about 54 times earnings. That’s well above what StockLight says is normal for software-application peers. Simply Wall St points out the bull case could stumble if bringing e2open on board drives up costs, or if switching to transaction-based pricing pulls down revenue per customer.
Operational and governance risks are in play. Reuters said earlier this year that WiseTech aims to cut about 2,000 jobs—close to a third of its staff—in a two-year push to overhaul its use of AI, which would hit product development, customer service, and e2open. The Reuters report also pointed out that the stock was still working through governance issues and ongoing doubts about AI’s impact on the company. That’s part of why investors want to see results before putting the old WTC premium back in place.
WiseTech’s 2026 full-year result drops August 26, setting the next big test for the stock. Investors are keyed in on CargoWise organic growth, how the new transaction-based model affects recurring revenue, and if e2open retention and synergies keep up. They’ll also want to see early signs that the AI restructuring can lift margins without damaging customer service. At this stage, WiseTech screens as risky rather than just cheap. Valuation reset and broker targets offer some upside, but the name only suits investors fine with execution, integration, and tech sector risk.
