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Highlights

  • Jefferies issues a BUY rating with a target price of AUD 140.00, implying a 21.55% upside.

  • WiseTech announces acquisition of U.S.-based E2open for USD 2.1 billion.

  • Deal expected to be EPS accretive in Year 1 and aligns with WiseTech’s long-term growth strategy.

WiseTech Global Limited (ASX:WTC), a global logistics software leader, has received a bullish endorsement from Jefferies, which issued a BUY recommendation along with a target price of AUD 140.00. This implies a 21.55% upside from its last traded price of AUD 116.80 as of July 19, 2025. 

The current recommendation averages 1.85 and a consensus BUY rating.

Strategic USD 2.1 Billion Acquisition Fuels Optimism

The positive rating comes on the heels of WiseTech’s announcement of a binding agreement to acquire U.S.-based E2open Parent Holdings, Inc. (NYSE:ETWO) for USD 2.1 billion in an all-cash transaction. The acquisition will be fully funded through a new syndicated debt facility and marks a major step toward WiseTech’s ambition to become the operating system for global trade.

E2open’s suite of SaaS-based solutions and its vast network of over 500,000 connected enterprises will significantly expand WiseTech’s ecosystem, particularly in adjacent segments like domestic logistics, global trade, and carrier integration.

Boosting Product Offering and Market Reach

According to WiseTech’s Founder and Executive Chair Richard White, the acquisition of E2open is not just about scale, but about strategic depth. “E2open brings several well-established complementary products and extends the value we deliver to customers. It will allow us to build a connected, multi-sided marketplace for global logistics,” he noted.

This move aligns with WiseTech’s 3P strategy—product, penetration, and profitability—while also boosting its total addressable market. The deal is expected to be earnings per share (EPS) accretive in year one (FY25), even before accounting for synergies, and fits neatly into WiseTech’s track record of disciplined, high-quality M&A.

Maintaining a Positive Financial Outlook

Despite the size of the acquisition, WiseTech's FY25 guidance remains unchanged except for approximately $40 million in transaction-related one-off costs. The company forecasts a pro forma net leverage ratio of ~3.5x FY25 EBITDA post-acquisition, with a clear plan to reduce it below 2.0x within three years.

Backed by its cash flow, undrawn debt, and diversified lender support, WiseTech maintains significant liquidity with an expected post-transaction position of approximately $0.7 billion.

Looking Ahead: Completion by 1H26

The acquisition has already received majority shareholder approval from E2open’s investors and now awaits regulatory clearances. The transaction is anticipated to close in the first half of 2026, after which WiseTech and E2open will integrate operations.