According to TipRanks, O’Prey is a 3-star analyst with an average return of 1.8% and a 40.85% success rate.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Megaport with a A$25.55 average price target, representing a 39.02% upside. In a report released on August 21, Jefferies also maintained a Buy rating on the stock with a A$26.00 price target.
Based on Megaport’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of A$177.33 million and a GAAP net loss of A$19.93 million. In comparison, last year the company earned a revenue of A$120.3 million and had a GAAP net loss of A$1.18 million
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MGPPF in relation to earlier this year.
