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
$80.97 |
Change
-0.460(0.56%) |
Mkt cap ! $2.008B | |||
| Open | High | Low | Value | Volume |
| $80.99 | $81.62 | $80.00 | $2.150M | 26.50K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 75 | $80.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $80.99 | 177 | 1 |
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| Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
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Last
$80.75 |
Change
-0.460 ( 0.65 %) |
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| Open | High | Low | Volume | ||
| $80.46 | $81.41 | $80.11 | 1006 | ||
| Last updated 15.59pm 01/05/2024 ? | |||||
| MAQ (ASX) Chart |