0148 GMT - Megaport's US$300 million Latitude.sh acquisition is beating expectations at Morgan Stanley. The investment bank's analysts are pleasantly surprised by the cadence of new contract wins from the compute provider, telling clients in a note that it supports the view that Megaport can extend beyond connectivity and into contracted artificial intelligence infrastructure. This in turn generates upside risk to medium-term revenue and earnings expectations, they write. Megaport's new compute contracts shift the key debate from demand validation to execution and returns on invested capital, they add. MS lifts its target price 39% to A$12.50 and stays equal-weight on the stock, which is up 4.2% at A$13.11. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

May 14, 2026 21:48 ET (01:48 GMT)

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