Business
Here’s why the NextDC (ASX:NXT) share price is racing higher
The NextDC Ltd (ASX: NXT) share price has been a positive performer on Wednesday.
In morning trade, the data centre operator’s shares are up 4% to $11.45.
Why is the NEXTDC share price charging higher?
Investors have been buying NextDC shares following the release of a bullish broker note out of Goldman Sachs this morning.
According to the note, the broker has reiterated its buy rating, added the company to its conviction list, and lifted its price target to $15.00.
Based on the latest NextDC share price, this implies potential upside of 31%.
What did the broker say?
Goldman Sachs recently hosted a number of data centre meetings with a range of industry participants. These meetings have collectively reinforced its positive view…
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