Morgan Stanley Acquires Substantial Stake in Cettire Ltd.

Tip Ranks
2025.06.17 03:12
portai
I'm PortAI, I can summarize articles.

Morgan Stanley has acquired a 5.29% stake in Cettire Ltd., amounting to 20,181,394 ordinary shares, as of June 12, 2025. This significant investment may influence Cettire's market dynamics and reflects confidence in the company's growth potential. Currently, Cettire operates in the luxury fashion online retail sector, with a market cap of A$97.22M. The latest analyst rating for Cettire (AU:CTT) is a Sell, with a price target of A$1.30.

Confident Investing Starts Here:

  • Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
  • Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter

Cettire Ltd. ( (AU:CTT) ) has shared an announcement.

Morgan Stanley, along with its subsidiaries, has become a substantial holder in Cettire Ltd., holding a 5.29% voting power with 20,181,394 ordinary shares. This acquisition, recognized on June 12, 2025, signifies a significant investment move, potentially impacting Cettire’s market dynamics and signaling confidence in its growth prospects.

The most recent analyst rating on (AU:CTT) stock is a Sell with a A$1.30 price target. To see the full list of analyst forecasts on Cettire Ltd. stock, see the AU:CTT Stock Forecast page.

More about Cettire Ltd.

Cettire Ltd. operates in the online retail industry, primarily focusing on luxury fashion. The company offers a wide range of high-end clothing, accessories, and footwear through its e-commerce platform, targeting fashion-conscious consumers globally.

Average Trading Volume: 6,833,741

Technical Sentiment Signal: Sell

Current Market Cap: A$97.22M

Learn more about CTT stock on TipRanks’ Stock Analysis page.

Trending Articles:

  • ‘Even Noah May Not Save This Ship,’ Says Top Investor About Intel Stock
  • ‘Padding the Coffers Ahead of Lift Off,’ Says Canaccord About Archer Aviation Stock
  • ‘Hold Your Horses,’ Says Top Investor About D-Wave Stock

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue
Source: Tip Ranks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.