tiprankstipranks
Trending News
More News >

JPMorgan Acquires Substantial Stake in Megaport

Story Highlights
JPMorgan Acquires Substantial Stake in Megaport

Confident Investing Starts Here:

Megaport ( (AU:MP1) ) has shared an update.

JPMorgan Chase & Co. and its affiliates have become a substantial holder in Megaport Ltd, acquiring a 5.20% voting power through various securities transactions. This development indicates a significant investment by JPMorgan in Megaport, potentially influencing the company’s strategic direction and market perception.

The most recent analyst rating on (AU:MP1) stock is a Buy with a A$16.05 price target. To see the full list of analyst forecasts on Megaport stock, see the AU:MP1 Stock Forecast page.

More about Megaport

Average Trading Volume: 919,165

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$1.92B

Find detailed analytics on MP1 stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1