2158 GMT - NextDC's bull at Citi sees a lack of contract announcements and not worries over the impact of DeepSeek as the most likely explanation for the data-center operator's share-price underperformance. Analyst Siraj Ahmed acknowledges that the stock has lagged peers, but tells clients in a note that the accelerated fit-out of Melbourne centers suggests that new contract wins are probably on the way. He cuts his target price on the stock by 6.5% to A$18.70 but reiterates his buy rating. Shares are at A$14.74 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 04, 2025 16:58 ET (21:58 GMT)
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