** Citi says Real estate group Goodman is building technical teams worldwide, hinting at an uptick in data centre development
** Brokerage maintains "buy" rating at a price target of A$40/share
** Notes GMG's recent job postings for data centres in Melbourne, Dusseldorf, France, others, with live roles also in the Netherlands, Luxembourg, and Milan, indicating a global expansion
** Sees co's ongoing 400MW development to see significant kick-offs in 2025 across Europe, Japan, Hong Kong, and Australia, with detailed updates and positive outcomes expected at 1HY results
** 7 of 10 analysts rate the stock "buy" or higher with 3 as "hold" or lower; their median PT is A$37.85 – LSEG data
** Stock last year gained ~41%
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com;))
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