Australia's Goodman up on upbeat outlook, UBS highlights data centre upside

Goodman

27/05/2026 05:53

** Shares of Australia's Goodman Group GMG.AX rise as much as 1.9% to A$30.58
** Co flags improving earnings visibility in Q3, with continued progress on data centre leasing and development feasibility
** UBS says the data-centre operator offers stronger growth outlook beyond FY26 despite no upgrade to data centre leasing guidance
** Keeps "buy" with unchanged price target of A$33.92, citing upside from data-centre pipeline and development activity
** UBS sees strong data centre demand drivers, with potential to unlock additional land value and partnerships
** Stock down 1.3% this year, including the day's move

(Reporting by Roushni Nair in Bengaluru)
((Roushni.nair@thomsonreuters.com))