Morgans rates TNE as Add

About this update from Technology One Limited

Morgans reviews its coverage and forecasts for Tech, Media, Telco and Gaming into the August reporting season. The top picks are Next DC, Technology One , Airtasker , Camplify Holdings , Superloop , and Light & Wonder . For the Tech sector, the broker forecasts year-on-year revenue growth of 18%, EBITDA of 47% and EPS of 82% .Neutral rated for the sector. Morgans makes no changes to earnings forecasts. Add rating and $20.50 target unchanged. Sector: Software & Services. Target price is $20.50 .Current Price is $18.75 . Difference: $1.75 - (brackets indicate current price is over target). If TNE meets the Morgans target it will return approximately 9% (excluding dividends, fees and charges - negative figures indicate an expected loss). © 2024 Acquisdata Pty Ltd., source FN Arena

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