WiseTech Global (ASX: WTC) shares fell 4.2% to A$36.30 during the final trading session of July. The decline erased gains from the previous day when the stock led the ASX 200.
Macquarie cut its 12-month price target for the logistics software firm from A$97.70 to A$47.10. The broker removed the U.S. Container Transport Optimisation (CTO) opportunity from its financial forecasts.
Channel checks indicated no near-term rollout for the product, which served as a key long-term growth driver. Macquarie reduced fiscal year 2026 earnings per share estimates and cut fiscal year 2029 projections by 20%.