** Analysts at Citi raise price target on Australia's NextDC NXT to A$20 from A$19.25; maintain "buy" rating on stock** Brokerage sees the data centre operator well positioned to benefit from the increased demand amid the artificial intelligence frenzy** Says positive demand scenario remains solid, with technology giant Microsoft MSFT noting that Australia is a key global market for data centres** NXT’s Asian facilities could add strategic value, especially from a customer perspective - Citi** Brokerage expects need for co to raise equity to reduce over the medium term as NXT increases leverage on wholesale facilities** Stock has risen 26.8% this year, as of last close
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