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An announcement from Nextdc Limited ( (AU:NXT) ) is now available.
NEXTDC has secured State Significant Development approval from the New South Wales Department of Planning for its S4 Sydney data centre project at Horsley Park, clearing a key regulatory hurdle for expanding its footprint in Australia’s largest data centre market. The approval positions the company to bolster its capacity for cloud, enterprise and government customers, reinforcing its role as a critical infrastructure provider to the digital economy and supporting its strategy of scaling premium, sustainability-focused facilities in high-demand locations.
The most recent analyst rating on (AU:NXT) stock is a Buy with a A$21.00 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 is an ASX 100-listed technology company and a leading Data Centre-as-a-Service provider in the Asia-Pacific region, specialising in highly secure, power-efficient and connectivity-rich facilities for global cloud providers, enterprises and government customers. The company operates Australia’s only network of Uptime Institute certified Tier IV data centres, holds Tier IV Gold certification for operational sustainability in the Southern Hemisphere, and emphasises sustainability through renewable energy, NABERS 5-star energy efficiency and carbon-neutral corporate operations, while supporting a large digital ecosystem of carriers, cloud platforms and IT service providers.
Average Trading Volume: 1,984,057
Technical Sentiment Signal: Sell
Current Market Cap: A$7.65B
See more data about NXT stock on TipRanks’ Stock Analysis page.