Jefferies lifts Australia's Megaport to 'buy', raises PT after Latitude.sh buy

Megaport

11/11/2025 19:31

** Jefferies upbeat on Australian IT services provider Megaport's MP1.AX buy of Latitude.sh - a global, automated infrastructure platform

** "We like the acquisition..which should bolster MP1's  growth profile and provide cross-selling opportunities" - Brokerage

** Jefferies sees the deal generating strong revenue synergies for co

** Adds, co's core business is going well

** Jefferies hikes price target to A$20 from A$15, upgrades rating to "buy" from "hold"

** Ten of 14 analysts rate the stock "buy" or higher, four "hold"; their median PT is A$16 – LSEG data

** Stock up over 100% this year

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))