1901 ET - NextDC's expansion of its model for data centers built specifically to customers' needs should help increase access to capital, Macquarie analysts write in a note. They tell clients that the longer contract durations expected at built-to-specification data centers should allow the Australian operator to secure a higher loan-to-value ratio at the asset level, borrowing against the contracts. Key customers have highlighted that supply is their key growth constraint, the analysts observe. Demand is there and NextDC must execute, they say. Macquarie keeps an outperform recommendation and A$21.20 target price on the stock, which is at A$17.84 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
September 10, 2024 19:01 ET (23:01 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。