NextDC primed for AI-driven data centre boom, Morningstar says; shares rise

NEXTDC

11/03/2026 24:07

Updates with share moves

** Shares of Australian data centre operator NextDC Ltd NXT.AX rise as much as 2.4% to A$13.05

** Morningstar says NextDC Ltd is positioned to capture a sharp lift in data centre demand

** Expects demand to pick up as AI workloads accelerate, flagging scope for Australian operator to expand capacity both at home and across Asia

** Brokerage keeps a fair value estimate of A$17; forecasts revenue to grow about 19% annually over the next four years as new facilities come online

** Morningstar expects scale benefits to drive a steep jump in profitability for co, projecting adjusted EBITDA margins to climb from 48% in FY25 to roughly 75% by FY30

** All 13 analysts rate the stock "buy" or higher; their median PT is A$20.5, according to data compiled by LSEG

** Stock has risen 2.6% this year, including the session's moves

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com;))