TechnologyOne Shares Decline as Goldman Sachs Downgrades Rating
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 08 2024
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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.
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.
