Tech firm Megaport slips on Macquarie's PT slash

Megaport

06/10/2023 24:13

** Analysts at Macquarie cut price target on Australian tech
major Megaport  MP1.AX  by 22% to A$14.10/share
    ** MP1 shares down 1% in early trade
    ** Brokerage expects lower long-term earnings for co
    ** Cuts earnings estimates by 25% for fiscal 2024
    ** As of last close, stock had risen 80.7% this year 

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))