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NEXTDC Ltd (NXT) $14.62

We like data centre business NXT, whose shares rose the most in 3-months, to a fresh all-time high, on significant volume yesterday as the stock enjoyed the buying across the sector.  MM believes data centre structural drivers will remain strong as the shift to the cloud and AI drivers gathers momentum. Importantly, NXT has a substantial land bank to exploit this opportunity, and overall we believe the market isn’t fully valuing the company’s upside over the coming years.

  • NXT looks capable of continuing to post fresh all-time highs into its report on Wednesday, the 28th.
MM is bullish towards NXT
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