Morgan Stanley analyst Andrew McLeod upgraded Macquarie Technology Group to Overweight from Underweight with a price target of A$100, up from A$50. The financial and strategic value of the company's DC assets are undervalued, the analyst tells investors in a research note. While the structural tailwinds for DCs are well known, but AI is now set to drive the need for higher compute power over next 3-5 years, the firm added.
Macquarie Technology Group double upgraded to Overweight from Underweight at Morgan Stanley
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Last
$65.57 |
Change
-0.540(0.82%) |
Mkt cap ! $1.689B | |||
| Open | High | Low | Value | Volume |
| $67.00 | $67.44 | $65.24 | $3.990M | 60.73K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 152 | $65.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $65.60 | 76 | 1 |
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| Last trade - 16.10pm 25/08/2025 (20 minute delay) ? |
| MAQ (ASX) Chart |