0057 GMT - Megaport's new bull at Morgans sees potential for the stock to rerate as the company demonstrates the value of its latest acquisition. Raising his recommendation to buy from accumulate, analyst Nick Harris tells clients in a note that the Australia-listed tech-connectivity provider is paying a reasonable price for Latitude.sh. He thinks the private-cloud provider will accelerate revenue and Ebitda growth. Harris says the combination with Megaport's existing telecommunications network makes the company very well placed to solve key customer issues including unpredictable costs. Morgans raises its target price 3.0% to A$17.00. Shares are up 3.7% at A$13.91. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 24, 2025 19:57 ET (00:57 GMT)
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