Business GrowthMAQ's cloud and government business, which contributes around 50% of its earnings, is experiencing strong growth and high profit margins, driven by the expanding cloud and cybersecurity sectors.
Stock PerformanceSince being added to the Buy list, MAQ has surged by 56%, significantly outperforming the ASX300's 7% gain.
Valuation UpsideAnalysts have reiterated a recently raised price target of A$100 per share, indicating a potential 20% upside, with a bullish scenario targeting A$125 per share.