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Market Chatter: NEXTDC's Higher Contracted Utilization Creates Upside to Consensus Fiscal Year 2028 EBITDA Forecasts, Citi Says

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NEXTDC's (ASX:NXT) latest 73-megawatt increase to its contracted utilization represents upside to consensus forecasts for fiscal 2028 earnings before interest, taxes, depreciation, and amortization (EBITDA), Citi said in a note, the Australian Financial Review reported Tuesday.

Citi analyst Siraj Ahmed believes the added capacity could bring about AU$115 million in annual EBITDA at AU$1.6 million per megawatt, according to the report.

The equity research firm maintained its buy rating on NEXTDC with a price target of AU$19.10, AFR reported.

The company's shares advanced 5% in recent Tuesday trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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