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Megaport ( (AU:MP1) ) has shared an announcement.
Megaport is undertaking an equity raising initiative to fund its acquisition of Latitude.sh and to accelerate its network expansion. This strategic move is expected to enhance Megaport’s operational capabilities and industry positioning, potentially offering significant benefits to its stakeholders.
The most recent analyst rating on (AU:MP1) stock is a Hold with a A$16.00 price target. To see the full list of analyst forecasts on Megaport stock, see the AU:MP1 Stock Forecast page.
More about Megaport
YTD Price Performance: 100.95%
Average Trading Volume: 715,921
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$2.4B
For detailed information about MP1 stock, go to TipRanks’ Stock Analysis page.