Data centre operator NXT is a stock we have liked over the last year, but we chose Goodman Group (GMG) as our preferred medium-term exposure to data centres. Both stocks have soared this year, illustrating that the theme is on point. The company delivered a solid half-year result at the end of February, with a 10% beat on earnings (EBITDA) propelling the stock higher, making it another stock we like into “dips”.
- We continue to like NXT, with our ideal entry under the $17 level; however, some patience may be required in today’s bullish environment.
MM remains bullish towards NXT
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