NextDC's Latest Raise Looks Opportunistic to Jefferies -- Market Talk

Dow Jones

Sep 11, 2024

1844 ET - Australian data-center operator NextDC's A$550 million capital raise looks designed to take advantage of recent share-price gains, Jefferies analyst Roger Samuel writes in a note. Pointing out that NextDC raised A$1.32 billion as recently as April, Samuel sees the recent boost from Blackstone's A$24 billion acquisition of local rival AirTrunk, and NextDC's inclusion in real-estate industry body Nareit's latest quarterly review, as the reason for the timing of the raise. He thinks that real-estate investors could come on board with the latest raise, which will fund further expansion in Asia. Jefferies has a buy rating and A$20.03 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 18:44 ET (22:44 GMT)

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Pointing out that NextDC raised A$1.32 billion as recently as April, Samuel sees the recent boost from Blackstone's A$24 billion acquisition of local rival AirTrunk, and NextDC's inclusion in real-estate industry body Nareit's latest quarterly review, as the reason for the timing of the raise. He thinks that real-estate investors could come on board with the latest raise, which will fund further expansion in Asia. Jefferies has a buy rating and A$20.03 target price on the stock, which is at A$17.84 ahead of the open. 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Pointing out that NextDC raised A$1.32 billion as recently as April, Samuel sees the recent boost from Blackstone's A$24 billion acquisition of local rival AirTrunk, and NextDC's inclusion in real-estate industry body Nareit's latest quarterly review, as the reason for the timing of the raise. He thinks that real-estate investors could come on board with the latest raise, which will fund further expansion in Asia. Jefferies has a buy rating and A$20.03 target price on the stock, which is at A$17.84 ahead of the open. (stuart.condie@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 10, 2024 18:44 ET (22:44 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7503","symbol_name":"科技股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2466413368","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2466413368","pubTimestamp":1726008240,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1844 ET - Australian data-center operator NextDC's A$550 million capital raise looks designed to take advantage of recent share-price gains, Jefferies analyst Roger Samuel writes in a note. Pointing out that NextDC raised A$1.32 billion as recently as April, Samuel sees the recent boost from Blackstone's A$24 billion acquisition of local rival AirTrunk, and NextDC's inclusion in real-estate industry body Nareit's latest quarterly review, as the reason for the timing of the raise. He thinks that real-estate investors could come on board with the latest raise, which will fund further expansion in Asia. Jefferies has a buy rating and A$20.03 target price on the stock, which is at A$17.84 ahead of the open. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7503":"科技股","NXT.AU":"NEXTDC LTD","BK7043":"互联网服务与基础架构"},"translate_title":"NextDC的最新融资对杰富瑞来说似乎是机会主义的——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NXT.AU":0.9},"content_text":"1844 ET - Australian data-center operator NextDC's A$550 million capital raise looks designed to take advantage of recent share-price gains, Jefferies analyst Roger Samuel writes in a note. Pointing out that NextDC raised A$1.32 billion as recently as April, Samuel sees the recent boost from Blackstone's A$24 billion acquisition of local rival AirTrunk, and NextDC's inclusion in real-estate industry body Nareit's latest quarterly review, as the reason for the timing of the raise. He thinks that real-estate investors could come on board with the latest raise, which will fund further expansion in Asia. Jefferies has a buy rating and A$20.03 target price on the stock, which is at A$17.84 ahead of the open. (stuart.condie@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  September 10, 2024 18:44 ET (22:44 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}