Citi sees potential upside to earnings for Australia's Goodman Group

Goodman

27/09/2024 05:51

** Analysts at Citi remain optimistic on Goodman Group's
 GMG.AX  medium-and long-term growth trajectory underpinned by a
5GW global datacenter development power bank
    ** Brokerage maintains target price of A$40.00/shr for the
property manager
    ** We see significant upside to future earnings that is not
fully captured in consensus expectations - Citi
    ** However, shares of GMG fall as much as 1.5% to A$35.780
    ** Five of ten analysts covering the stock rate it "buy" or
higher, two rate "hold" and three rate "sell" or lower, the
median PT is A$37.28 - LSEG data
    ** GMG up 43.6% YTD, as of last close

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))