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The latest update is out from Megaport ( (AU:MP1) ).
Megaport Limited has successfully completed a A$200 million institutional placement to fund its acquisition of Latitude.sh and accelerate its network expansion in India. The placement was well-received by both existing and new investors, highlighting strong market confidence in Megaport’s strategic direction. The company also announced a Share Purchase Plan for eligible Australian and New Zealand shareholders, aiming to raise up to A$20 million for general corporate purposes.
The most recent analyst rating on (AU:MP1) stock is a Buy with a A$20.00 price target. To see the full list of analyst forecasts on Megaport stock, see the AU:MP1 Stock Forecast page.
More about Megaport
Megaport Limited operates in the technology industry, providing a global software platform that facilitates the convergence of networks and compute resources to connect critical workloads. The company focuses on hybrid cloud and AI-driven solutions, positioning itself at the core of these evolving technologies.
Average Trading Volume: 715,099
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$2.4B
For an in-depth examination of MP1 stock, go to TipRanks’ Overview page.