Citi cuts PT for Australia's NEXTDC; sees higher costs on contract wins

NEXTDC

15/07/2025 22:38

** Citi lowers its price target for shares of NEXTDC NXT.AX by 2% to A$18.35, maintains "buy" rating

** Brokerage lowers FY26 EDITDA forecasts for data centre developer by 6%; increases cost growth assumptions to reflect recent contract wins

** Maintains "buy", bullish on demand outlook while expecting record year in FY26

** All 14 analysts rated stock "buy" or higher; their median PT is A$19.40, per LSEG-compiled data

** YTD, shares down 8.3% at A$13.82 as of last close

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com;))