Morgan Stanley Remains a Buy on Nextdc Limited (NXDCF)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 24 2025
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Source: Business Insider
Analyst Ratings: Morgan Stanley's Andrew McLeod maintains a Buy rating on Nextdc Limited with a price target of A$20.50, while the general analyst consensus suggests a Strong Buy with an average price target of $12.49, indicating potential upside from current levels.
Company Performance: Nextdc reported quarterly revenue of $178.69 million and a GAAP net loss of $21.66 million for the quarter ending June 30, showing a decrease in revenue compared to the previous year but a slight improvement in net loss.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
