Cloud-based logistics software solutions business Wisetech Global (WTC) has continued to invest both smartly and heavily into R&D which has created a great product with compelling pricing power. In February the company announced revenue growth of 35% to $378.2mn, with our main concern being whether this can be sustained as it needs to justify a huge valuation for 2023 i.e. another quality local tech stock that looks fully priced.
- WTC has been a great performer in 2023 and we continue to like the stock into a decent deep under $60.
MM is now neutral towards WTC
Add To Hit List
