Citi upbeat on Goodman post construction of its new data centre building

Goodman

08/10/2024 22:23

** Analysts at Citi are hopeful about Australia's Goodman
 GMG.AX  following the construction of a third building at co's
Tsuen Wan West data centre campus in Hong Kong
    ** "We expect potential upgrades to guidance in first
quarter update with further upgrades throughout FY25" - Citi
    ** Brokerage remains optimistic on co's medium-and long-term
growth trajectory
    ** Rates the stock "buy" with target price of A$40 per share
    ** Five of 10 analysts rate the stock "buy" or higher, two
"hold" and three "sell" or lower; their median PT is A$37.97 –
LSEG data
    ** Stock is up 45% YTD as of last close

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))