Jarden has lifted WiseTech Global to neutral, saying the software group now carries “significant risks to the upside and downside.” The move follows raids on Tuesday by ASIC and the Australian Federal Police at WiseTech’s headquarters, where authorities sought documents related to trades by executive chairman Richard White.
Analyst Tom Beadle said the ASIC/AFP probe could distract management and pressure FY26 guidance, but noted much of the risk appears priced in after the shares fell nearly 40% over the past two months. He argues consensus FY26 forecasts are conservative and that delivery toward the upper end of revenue guidance would signal momentum into FY27, reflecting execution of the new commercial model and WiseTech’s container transport optimisation product—potentially prompting upgrades.
Jarden set a $73 price target. WiseTech shares were up 0.3% at $71.75 on Wednesday.