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…