RBC Capital upgraded Megaport (MGPPF) to Outperform from Sector Perform with a price target of A$18, up from A$15. The firm cites a more favorable out-year revenue growth outlook for the upgrade.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MGPPF:
- Megaport Limited Announces Cessation of Restricted Stock Units
- Megaport Announces Director’s Interest Change
- Megaport Limited Announces Quotation of New Securities
- Megaport Issues Restricted Stock Units to Boost Employee Incentives
- Megaport’s Strong ARR Growth Offset by Cost Concerns and Execution Risks, Hold Rating Maintained