0029 GMT - NextDC's capital intensity is high but the data-center operator's opportunity remains huge, Macquarie analysts say. They say in a note to clients that the U.S. tech giants that NextDC counts as customers have the biggest balance sheets on the planet, and that capital-expenditure intentions are surprising to the upside. The Macquarie analysts think these hyperscale customers will be pursuing quality centers over the next decade in order to underpin their continued growth. Macquarie keeps an outperform rating and A$21.20 target price on the stock, which is down 1.8% at A$13.89. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 24, 2025 19:29 ET (00:29 GMT)
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