0033 GMT - NextDC keeps its bull at Morgans even as the Australian data-center operator's operating expenses ramp up. An analyst note from the brokerage points out that NextDC's earnings guidance does not include holding costs for a new Sydney center announced in October. The analysts raise their fiscal 2025 operating-expense forecast by A$2 million to account for this, rising to A$7 million in fiscal 2027. As a result, their annual Ebitda forecasts are trimmed by about 2% on an annualized basis. Target price falls 2% to A$20.00 but Morgans keeps an add rating on the stock, which is up 1.2% at A$15.62. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
January 16, 2025 19:33 ET (00:33 GMT)
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