FCT - Morgans rates the stock as Add
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• FCT -
Morgans notes cyber security remains one of the largest challenges facing businesses today. Firstwave Cloud Technology offers enterprise-grade cyber security for small-and medium-sized businesses.
Morgans acknowledges this is not a self-funding business so access to capital remains a key risk. Upside should come, in the broker's opinion, from generating revenue across the cloud platform with existing and new channel partners.
The broker initiates coverage with an Add rating and $0.33 target.
Sector: Software & Services.
Target price is $0.33.Current Price is $0.28. Difference: $0.05 - (brackets indicate current price is over target). If FCT meets the Morgans target it will return approximately 15% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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