In a report released today, Siraj Ahmed from Citi maintained a Buy rating on Megaport Ltd. (MGPPF – Research Report), with a price target of A$16.80. The company’s shares closed last Tuesday at $10.20.
Ahmed covers the Technology sector, focusing on stocks such as Altium, Megaport Ltd., and Nextdc Limited. According to TipRanks, Ahmed has an average return of 12.7% and a 60.40% success rate on recommended stocks.
In addition to Citi, Megaport Ltd. also received a Buy from Macquarie’s Darren Leung in a report issued today. However, on the same day, Morgan Stanley maintained a Hold rating on Megaport Ltd. (Other OTC: MGPPF).
The company has a one-year high of $10.79 and a one-year low of $4.25. Currently, Megaport Ltd. has an average volume of 1,520.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Megaport Ltd. (MGPPF) Company Description:
Megaport Ltd. engages in the provision of software-defined networking based elastic interconnection services. Its products include Virtual Cross Connect, and MegaIX. It operates through the following geographical segments: Asia-Pacific, North America, Europe and Other. The company was founded by Bevan Andrew Slaterry in 2013 and is headquartered in Brisbane, Australia.
