Navigator Global's Bull Welcomes Latest Deal Structure -- Market Talk

Dow Jones
03/31

0156 GMT - Navigator Global's bull at Morgans welcomes the alternative-asset manager's latest investment, and a deal structure that involves no investor sell-down. Analyst Richard Coles likes the fact that the Australian company's US$100 million investment in Canadian AI investor Georgian will be directed toward business growth rather than enriching its founders. Coles tells clients in a note that the investment is sizable relative to Navigator's goal of hitting US$200 million in fiscal 2030 Ebitda. He points out that a key driver is the annual deployment of US$80 million into new partner firms. Morgans cuts its target price 11% to A$2.98 on lower peer multiples but maintains an outperform rating. Shares are up 2.9% at A$2.13. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

March 30, 2026 21:56 ET (01:56 GMT)

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