2331 GMT - Australian data-center operator and developer DigiCo's new bulls are attracted by what they see as largely risk-free near-term U.S. earnings growth. Goldman Sachs initiates coverage of the stock with a buy rating, with an analyst note to clients that highlights the impending earnings growth from its Chicago-based center becoming operational. The analysts also like the long-term growth optionality offered by the ASX-listed company's Los Angeles-based developments. At a group level, they forecast Ebitda growth from an annualized A$97 million in the second half of fiscal 2025 to A$175 million across fiscal 2027. GS puts a A$5.80 target price on the stock, which is up 2.3% at A$4.51. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
January 15, 2025 18:31 ET (23:31 GMT)
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