Company Information
WiseTech Global Limited (ASX: WTC)
WiseTech Global Limited is a software company that serves the logistics industry worldwide. It creates and sells software solutions that help manage the movement and storage of goods and information across the globe. The company’s software, known as CargoWise, is a comprehensive platform used by logistics service providers to carry out transactions and run their businesses within a single database.
This database can handle multiple users, functions, currencies, and languages, and operates in various offices and countries. WiseTech Global’s software is mainly offered through the cloud, allowing customers to pay based on their usage as they operate on the platform. Serving around 17,000 customers, the company operates in more than 174 countries.
Founded in 1994 and employing about 3,000 people, WiseTech has delivered significant revenue of AUD 939 million and a net income of AUD 221.4 million in recent times. The company has also seen a 29.2% increase in revenue while the net income went up by 8.99% year on year.
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WiseTech Global Limited (ASX: WTC) Live Chart
WiseTech Global Limited (ASX: WTC) Forecast
Wisetech Global Ltd. has been analyzed by eight Wall Street analysts who have provided their 12-month price targets for the company’s shares. On average, these analysts set a target price of AU$89.46, with the highest projection at AU$101.76 and the lowest at AU$78.82. This average target price indicates a potential decline of 7.94% from the last recorded share price of AU$97.17.
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