Macquarie Technology Group Ltd

MAQ: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Macquarie Technology: Initiating Coverage on Nimble Telecom/Cloud Provider With Data Center Upside

Brian Han

Dec 2, 2024

We initiate coverage on no-moat Macquarie Technology with a fair value estimate of AUD 73 per share and a High Uncertainty Rating. Shares are currently trading at a 21% premium to our intrinsic assessment, buoyed by bullish market expectations on the group’s aggressive data center aspirations.

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Macquarie Technology Group Ltd

Macquarie Technology: Initiating Coverage on Nimble Telecom/Cloud Provider With Data Center Upside

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