Ord Minnett rates NXT as Upgrade to Buy from Accumulate (1) -
First half results were ahead of Ord Minnett's forecast with strong growth in customer numbers and interconnections. The broker notes the company is progressing well with its expansion strategy and should be well funded for capital expenditure and growth in the short term.
The development approval for M3 has been formally submitted and endorsed and the broker expects this to translate into another wave of hyper-scale commitments in Melbourne over the next 6-12 months.
Rating is upgraded to Buy from Accumulate on valuation. Target is raised to $14.50 from $14.00.
Target price is $14.50 Current Price is $11.18 Difference: $3.32
If NXT meets the Ord Minnett target it will return approximately 30%(excluding dividends, fees and charges).Current consensus price target is $14.21, suggesting upside of 24.6% (ex-dividends)
The company's fiscal year ends in June.
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Last
$14.07 |
Change
0.030(0.21%) |
Mkt cap ! $9.010B | |||
| Open | High | Low | Value | Volume |
| $13.98 | $14.12 | $13.80 | $73.22M | 5.229M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8053 | $14.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.07 | 5500 | 2 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| NXT (ASX) Chart |