Megaport's quarterly update met expectations but it came with a positive surprise as management upgraded EBITDA guidance for FY24.

Morgan Stanley observes the shares are trading at a -10% discount to Australian software peers.

Equal-weight. Target lifts to $11.50 from $10.20. Industry View: Attractive. Estimates have been lifted.

Sector: Software & Services.

Target price is $11.50.Current Price is $14.29. Difference: ($2.79) - (brackets indicate current price is over target). If MP1 meets the Morgan Stanley target it will return approximately -24% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2024 Acquisdata Pty Ltd., source FN Arena