Megaport downgraded to Neutral from Buy at Goldman Sachs

Goldman Sachs analyst Kane Hannan downgraded Megaport (MGPPF) to Neutral from Buy with an A$8 price target The firm cites concerns around the lack of progress Megaport has made improving its revenue and customer trends over the last 18 months, including the softer-than-expected FY25 guidance, and recently announced expectations that growth wasn’t expected to accelerate in FY26, despite ongoing investments in sales and product.