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Can the WiseTech Global (ASX:WTC) share price climb higher from here?



The WiseTech Global Ltd (ASX: WTC) share price has been a strong performer in recent weeks.

Since this time in March, the logistics solutions provider’s shares have risen by a solid 12.5%.

This compares favourably to a 4.5% gain by the S&P/ASX 200 Index (ASX: XJO) over the same period.

Why is the WiseTech Global share price on form?

The catalyst for the strong gain by the WiseTech Global share price appears to have been a broker note out of Macquarie Group Ltd (ASX: MQG) last month.

That note reveals that the broker upgraded its shares to an outperform rating with a $33.00 price target.

Macquarie made the move on the belief that the worst of the pandemic is now behind the company and upgraded its earnings forecasts to reflect…

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