Business
NextDC (ASX:NXT) share price hits 9-month low despite broker upgrades
NextDC Ltd (ASX: NXT) shares slipped to a 9-month low this week despite an upbeat half-year result which included an upgrade to its FY21 guidance. While the NextDC share price has gone south, some big brokers were impressed with the results and have maintained a bullish stance.
Broker ratings for the NextDC share price
On 2 March, Morgan Stanley retained an overweight rating for the NextDC share price with a $14.60 price target. The broker noted that the company’s first-half revenues and operating income were ahead of estimates with a strong pick up in business activity in the new year.
Citi is also bullish on the…
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