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NXT – MM’s thoughts

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Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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Question asked 09/03/2021

NXT – MM’s thoughts

Hi James and the team, Can you discuss NXT. It has underperformed and is very slow making a move. Thanks, Kim

Answer

Hi Kim – Data centre operator NXT has struggled along with many stocks in the IT growth sector, while this is not an area we plan to be overweight through 2021 the risk / reward looks attractive around $10, an almost 30% correction from its late 2020 high.

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NEXTDC (NXT)

LAST UPDATED 09/03/2021 07:14

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