Jefferies cuts PT for Australia's Macquarie Technology; sees impact from economic uncertainty

Macquarie Technology

05/05/2025 20:27

** Jefferies cuts its price target for shares of Macquarie Technology MAQ.AX to A$65.80 from A$79.10

** Brokerage sees economic uncertainty, vendor price increases to impact the data centre co's Cloud Services & Government division until fiscal 2027

** Also flags co's low spare capacity left to sell across its data centre portfolio

** Jefferies retains "hold" on shares

** 5 of 7 analysts rate the stock "buy", 2 "hold"; their median PT is A$95 – LSEG data

** Shares of co down 1% at A$60.72 in previous session, down 31.2% YTD

(Reporting by Nichiket  Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))