WiseTech shares fall amid US wipe out, despite upgrade

Analysts are confident that WiseTech is on track to become a $10 billion-plus company in the next few years, as the logistics software company upped its 2019 guidance on Thursday.

Despite the business upping its earnings before interest, tax, depreciation and amortisation by about 2 per cent (from the mid-point of the range), investors pushed the share price down 2.74 per cent to $15.59 on the back of an overnight wipe out from US stocks, giving it a market capitalisation of $4.7 billion.