Nextdc Ltd
NXT: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$72.00 | Wjmnd | Myzjqrsfz |
NextDC Continues to Expand Capacity and Capture Growing Demand For Data Centre Services
Business Strategy and Outlook
NextDC is well placed to benefit from industry megatrends including the growing adoption of cloud computing, the Internet of things and artificial intelligence, leading to exponential growth in data creation. We forecast NextDC will materially expand its capacity over our 10-year forecast period in order to meet growing demand for data centre services.