TechnologyOne Shares Decline as Goldman Sachs Downgrades Rating
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 08 2024
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Should l Buy ?
Source: TipRanks
Stock Rating Downgrade: TechnologyOne Limited's shares fell 2.4% after Goldman Sachs analyst Chris Gawler downgraded the stock from Buy to Hold, citing limited short-term earnings potential despite a positive long-term growth outlook.
Growth Projections and Challenges: While Gawler anticipates mid-teens revenue growth until 2030, he warns that achieving these targets may be challenging in established markets where customer spending growth is slower.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
