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Gentrack Group Maintains Growth Outlook Despite Customer Setback

Story Highlights
  • Gentrack provides software solutions for utilities, focusing on rapid deployment and efficiency.
  • Gentrack is confident in its growth targets despite losing a customer project.
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Gentrack Group Maintains Growth Outlook Despite Customer Setback

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The latest update is out from Gentrack Group Ltd ( (AU:GTK) ).

Gentrack Group Ltd announced that it is no longer part of a platform replacement process with an Australian customer, but this is not expected to impact its financial performance. The company remains confident in achieving its medium-term revenue growth targets and plans to provide further market updates at an upcoming Investor Day.

The most recent analyst rating on (AU:GTK) stock is a Buy with a A$12.80 price target. To see the full list of analyst forecasts on Gentrack Group Ltd stock, see the AU:GTK Stock Forecast page.

More about Gentrack Group Ltd

Gentrack Group Ltd operates in the utilities industry, providing software solutions for energy and water companies. With over 35 years of experience, Gentrack partners with leading utilities worldwide, offering products like g2.0, which utilizes low code/no code and composable technology to help utilities launch new propositions quickly and efficiently.

Average Trading Volume: 228,219

Technical Sentiment Signal: Buy

Current Market Cap: A$1.11B

Find detailed analytics on GTK stock on TipRanks’ Stock Analysis page.

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