Citi doesn’t expect a material revenue impact from key channel partner Digital Realty launching what is effectively a white-label of the
Megaport platform (a new SDN platform). There’s thought to be a low likelihood of existing Megaport customer switching.
The broker retains its Buy rating and $20.20 target price.
Sector: Software & Services.
Target price is $20.20.Current Price is $13.82. Difference: $6.38 – (brackets indicate current price is over target). If MP1 meets the Citi target it will return approximately 32% (excluding dividends, fees and charges – negative figures indicate an expected loss).
