Citi BUY | Price Target $19.53
Strong demand in Sydney and Melbourne are assisting in selling remaining capacity (one of NXT’s customers is TikTok), with S3 to be fully contracted within 12 months
“We remain confident on the medium-term outlook and continue to expect strong bookings in the near-term.”
Goldman Sachs BUY | Price Target $18.80
The broker notes that NXT’s pipeline of growth exceeds 1GW for the first time
Over 100MW+ of AI-related contracts have been secured
“We believe the company has a compelling growth profile and a proven and profitable business model, noting it trades on a growth-adjusted discount vs. peers, which we view as unjustified.”
Macquarie OUTPERFORM | Price Target $20.00
NXT will double in size in the next few years, driven by a record contract year expected in FY24
Contracted utilisation from hyperscale customers provides visibility and the medium-term story for AI & transition to cloud remains
Morgan Stanley OVERWEIGHT | Price Target $20.00
NXT has a track record of high-quality data centre developments and operations
The broker likes NXT’s scalable model, structural drives, and network effect.
The company is also moving into international markets, which the broker believes could “bring higher risk/return for equity holders”
Add to this, the company’s annuity model that brings “strong earnings probability and comfort”
UBS BUY | Price Target $20.10
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Last
$16.92 |
Change
-0.150(0.88%) |
Mkt cap ! $10.16B |
Open | High | Low | Value | Volume |
$16.61 | $17.01 | $16.49 | $32.90M | 1.950M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 726 | $16.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.93 | 3983 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 726 | 16.880 |
2 | 5461 | 16.850 |
2 | 1357 | 16.840 |
2 | 15929 | 16.830 |
2 | 7728 | 16.820 |
Price($) | Vol. | No. |
---|---|---|
16.930 | 3983 | 2 |
16.950 | 7409 | 5 |
16.960 | 18 | 1 |
16.970 | 5411 | 1 |
16.980 | 5411 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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