** Jefferies says stock downside will now be limited for Megaport after the Australian company lost 37% since dismal FY25 forecast update in August
** Brokerage says MPI's business is not broken and its products are still in demand
** Says generative artificial intelligence will be another tailwind for the tech-focussed firm
** We believe there is no structural issue with MP1's products and the business can grow by mid-teens in the medium term, Jefferies says
** Since MPI stock has dragged, brokerage lowers its PT to A$11.1 from A$13.4; cuts earnings estimates by 13%-15% over FY25-27
** Stock has fallen 19.1% this year, as of last close
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
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