Job losses, Megaport, Pinnacle, Origin, GQG
Fund Manager Chris Pedersen discusses Megaport, Pinnacle Investment Management Group, Origin Energy and GQG Partners.
Read MoreTag: MP1
Megaport shares soar after upgraded guidance
11 Jul 2023 – Shares of Megaport (ASX:MP1) are soaring after the company announced an upgrade to its EBITDA guidance for FY23.
Read MoreEmerging Tech Not for the Faint of Heart
As the recent rollercoaster ride for network as software services (NASS) company Megaport shows, the life of an emerging tech stock can be hard – as it can for those who invest in them.
Read MoreMP1 – Morgans rates the stock as Hold
Morgans lowers its target price to $10.65 from $14.50 and maintains its Hold rating.
Read MoreMP1 – Citi rates the stock as Buy
The broker retains its Buy rating and $20.20 target price.
Read MoreMP1 – UBS rates the stock as Buy
The broker maintains its Buy rating and $21.75 target price.
Read MoreMegaport Shares Hit on Sector Weakness, Soft Guidance
Investors sold off Megaport shares yesterday amid more general weakness among the techs and what investors thought was a less than convincing update for the second quarter.
Read MoreMP1 – Morgans rates the stock as Hold
With full details of Megaport’s fourth quarter result now released, Morgans updates forecasts and increases its target price to $16.61 from $15.83.
Read MoreOvercast Skies Clearing for Megaport
A buoyant quarterly update from Megaport halted the company’s recent share slide yesterday, as news of record growth seems to have turned investor sentiment in their favour.
Read MoreMP1 – UBS rates the stock as Buy
While remaining positive, UBS requires a sign that the new sales initiatives are in place and driving stronger port growth. Buy rating and $17.10 target maintained.
Read MoreMP1 – Morgans rates the stock as Hold
The target is increased to $15.83 from $13.31, as the broker adds in more details around MVE. For now, the Hold recommendation is unchanged.
Read MoreMP1 – Morgans rates the stock as Hold
Morgans makes immaterial forecast changes for Megaport as key metrics were disclosed prior to the first half result. Hold and $13.27 target are unchanged.
Read MoreWhere Are The Opportunities In Australian Small-Caps?
Sam Twidale, Portfolio Manager for the DNR Capital Australian Emerging Companies Fund, explains why he believes recent volatility in equity markets has provided some excellent opportunities in the smaller cap sector.
Read MoreA Bright Future Beckons For Megaport
The future of cloud services remains bright and despite the current lockdowns across the globe, Megaport has the solutions to increasingly connect businesses and individuals remotely.
Read MoreMP1 – UBS rates the stock as Buy
The company has hit the target of 300 physical data centres as well as increased services and customers. UBS believes the compounding effect of stronger quarterly growth could have a material impact on the long-term revenue potential.
Read MoreMP1 – UBS rates the stock as Buy
The company has announced a capital raising of up to $60m, a little earlier than UBS anticipated. Still, the broker believes this aligns with the company’s strategy and further de-risks future growth.
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