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Nextdc Limited ( (AU:NXT) ) has provided an announcement.
NEXTDC Limited has secured a key planning permit from the Victorian Minister for Planning for its new M4 Melbourne data centre at Port Melbourne, clearing a major regulatory hurdle for the project. The approval advances NEXTDC’s expansion in the critical Melbourne market, supporting its strategy to grow high-tier, energy-efficient data centre capacity for cloud and enterprise customers, and reinforcing its positioning as a leading infrastructure provider in Australia’s fast-growing digital and cloud services economy.
The most recent analyst rating on (AU:NXT) stock is a Buy with a A$18.10 price target. To see the full list of analyst forecasts on Nextdc Limited stock, see the AU:NXT Stock Forecast page.
More about Nextdc Limited
NEXTDC Limited, an ASX 100-listed technology company, operates as a leading Data Centre-as-a-Service provider in Asia, building infrastructure for the digital economy by delivering power, security and connectivity to global cloud providers, enterprises and government clients. The company runs Australia’s only network of Uptime Institute certified Tier IV data centres and is the only operator in the Southern Hemisphere with Tier IV Gold certification for Operational Sustainability, with a strong emphasis on renewable energy, high energy efficiency, and carbon-neutral corporate operations.
Average Trading Volume: 1,822,081
Technical Sentiment Signal: Sell
Current Market Cap: A$8.06B
For an in-depth examination of NXT stock, go to TipRanks’ Overview page.