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Wisetech Global ( (AU:WTC) ) has provided an announcement.
At the recent AGM, WiseTech Global addressed shareholders’ concerns regarding an ongoing ASIC investigation, emphasizing that no charges or allegations have been made against the company. The Board and management are cooperating with authorities and are committed to WiseTech’s stability and long-term success. Despite the challenges, WiseTech continues to grow, highlighted by its recent acquisition of e2open, which enhances its market reach and scale. The company remains focused on growth through product development, AI integration, and strategic acquisitions to expand its market presence.
The most recent analyst rating on (AU:WTC) stock is a Hold with a A$70.00 price target. To see the full list of analyst forecasts on Wisetech Global stock, see the AU:WTC Stock Forecast page.
More about Wisetech Global
WiseTech Global is a prominent developer and provider of software solutions for the logistics, global trade, and supply chain industry worldwide. It serves over 17,000 logistics companies in 193 countries, including most of the top global third-party logistics providers and freight forwarders. The company is dedicated to innovation, having made significant enhancements to its CargoWise application suite to improve supply chain operations globally.
Average Trading Volume: 1,052,229
Technical Sentiment Signal: Sell
Current Market Cap: A$21.01B
Find detailed analytics on WTC stock on TipRanks’ Stock Analysis page.