** 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;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.