Updates
** Shares of enterprise software co TechnologyOne TNE.AX extend gains to a second session, up 4.2% to A$38.32
** Stock rose as much as 5.2% to a record high of A$38.67 earlier in the session
** Co reported HY pre-tax profit $(PBT)$ of A$81.9 mln ($52.78 mln) on Tuesday, beating Visible Alpha consensus of A$77 mln
** Jefferies hikes PT for to A$44 from A$35, retains "buy"
** UBS raises PT to A$42.2 from A$33.8
** Jefferies says its new forecasts imply 17.5%, 18.2% and 22.4% PBT growth in FY25, FY26 and FY27, respectively
** Average rating of 16 analysts "hold", according to data compiled by LSEG
** Stock up 22.6% YTD
($1 = 1.5518 Australian dollars)
(Reporting by Manasi Dasa and Sneha Kumar in Bengaluru)
((Manasi.DasaSundeep@thomsonreuters.com))
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