UBS Raises TechnologyOne Target to AUD 32.70 for TechnologyOne Stock

Published on 10/20/2026 at 18:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue hit AUD 318.40 million, up 11.50 percent. TechnologyOne stock costs EUR 19.50 on October 20, 2026, up 0.58 percent on ASX.

Target Revenue And Trading

UBS raised its TechnologyOne target to AUD 32.70 on October 14, 2026.
First-half revenue reached AUD 318.40 million, up 11.50 percent year over year.
TechnologyOne stock costs EUR 19.50 at Lang & Schwarz on October 20, 2026 at 6:36 p.m. CEST.
Annual results are scheduled for November 16, 2026.

TechnologyOne, AU000000TNE8, Illustration mit AI erstellt.

UBS raised its TechnologyOne price target to AUD 32.70 on October 14, 2026, a 3.50 percent increase, according to TradingView. The target stood 3.88 percent above the ASX price of AUD 31.48 on October 20, 2026. TechnologyOne was trading at EUR 19.50 at Lang & Schwarz on October 20, 2026 at 6:36 p.m. CEST.

Revenue growth stays visible

TechnologyOne's first-half fiscal 2026 revenue rose 11.50 percent year over year to AUD 318.40 million from AUD 285.60 million. The Software segment generated AUD 223.10 million, up 14.50 percent from AUD 194.90 million, according to MarketScreener.

Recurring revenue leads the mix

Annual recurring revenue reached AUD 598.00 million in the first half of fiscal 2026, up 17.00 percent from AUD 511.10 million a year earlier. Earnings before interest, taxes, depreciation and amortization increased 11.60 percent to AUD 131.00 million, while the margin held at 41.10 percent.

Price and valuation set the frame

The ASX price was AUD 31.48 on October 20, 2026, against a 52-week range of AUD 20.14 to AUD 39.99. TechnologyOne's market capitalization was AUD 10.3 billion and its price-to-earnings ratio was 73.21 on the same date. The UBS target was 3.88 percent above the ASX price, keeping the analyst view close to the latest quotation.

TechnologyOne's next annual results are scheduled for November 16, 2026, according to Investing.com. The date gives investors a clear point for testing recurring-revenue growth, margin stability and the valuation attached to the SaaS model.

Comparison with peers

TechnologyOne: ASX, AUD, P/E 73.21, market capitalization AUD 10.3 billion, October 20, 2026.

Xero: ASX, AUD, up 1.69 percent, P/E 71.99, market capitalization AUD 10.5 billion, October 20, 2026.

WiseTech Global: ASX, AUD, up 1.36 percent, P/E 49.54, market capitalization AUD 12.9 billion, October 20, 2026.

Trading remains tied to expectations

TechnologyOne combines double-digit first-half revenue growth with a valuation above the peer multiples shown here. The next results date will put renewed attention on whether recurring revenue can keep expanding while profitability remains resilient.

On October 20, 2026 at 6:36 p.m. CEST, TechnologyOne was trading at EUR 19.50 at Lang & Schwarz. On the ASX, it last traded at AUD 31.48 on October 20, 2026 at 4:10 p.m. AEDT, up 0.58 percent on the session. The further course of trading is shown by the continuously updated real-time quote of TechnologyOne stock.