Goldman Sachs sets AUD 11.00 target for NextDC stock

Published on 10/17/2026 at 21:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal year 2026 net revenue reached AUD 405.0 million, up 16.00 percent. NextDC stock last stood at AUD 9.18 on October 16, 2026, up 3.61 percent.

Target and operating figures

Goldman Sachs initiated coverage with an AUD 11.00 target on October 12, 2026.
Fiscal year 2026 net revenue reached AUD 405.0 million, up 16.00 percent.
NextDC stock last stood at AUD 9.18 on October 16, 2026, up 3.61 percent versus the prior close.
The market capitalization was AUD 7.0 billion and the price-to-earnings ratio was 77.40.

NextDC, AU000000NXT8, Illustration mit AI erstellt.

Goldman Sachs initiated coverage of NextDC with a Neutral rating and an AUD 11.00 price target on October 12, 2026, according to Markets Insider. Against the last quoted ASX price of AUD 9.18, the target is 19.83 percent higher. The last quoted ASX price stood at AUD 9.18 on October 16, 2026 at 4:12 p.m. AEDT, up 3.61 percent versus the prior close.

Fiscal year revenue reached AUD 405.0 million

NEXTDC reported fiscal year 2026 net revenue of AUD 405.0 million, an increase of 16.00 percent from the prior year. The company also reported fiscal year 2026 EBITDA of AUD 248.8 million and 740.1 megawatts of contracted utilization, according to NextDC. Billing utilization stood at 175.0 megawatts for the same fiscal year.

Price position near the yearly low

The ASX price was AUD 0.40 above its 52-week low of AUD 8.78 and AUD 7.60 below its 52-week high of AUD 16.78 on October 16, 2026. That places the stock 4.56 percent above the low and 45.29 percent below the high. Trading volume reached 3,203,731 shares, compared with an average volume of 3,147,522 shares.

AUD 7.0 billion market value

NEXTDC had a market capitalization of AUD 7.0 billion and a price-to-earnings ratio of 77.40 on October 16, 2026. The company is listed on the ASX under ticker NXT and operates data centers, connectivity services and infrastructure management platforms. Its fiscal year 2026 contracted utilization of 740.1 megawatts provides the operating scale behind the revenue figure.

Comparison with peers

NextDC (ASX, AUD): plus 3.61 percent, P/E 77.40, market capitalization AUD 7.0 billion.
Equinix (Nasdaq, USD): minus 1.03 percent, P/E 63.49, market capitalization USD 97.3 billion.
Digital Realty Trust (NYSE, USD): plus 0.86 percent, P/E 85.01, market capitalization USD 65.3 billion.

Australian listing and trading frame

The combination of a 16.00 percent fiscal year revenue increase and a 77.40 price-to-earnings ratio leaves execution and capacity utilization as central measures for the stock. Goldman Sachs places its AUD 11.00 target 19.83 percent above the October 16, 2026 ASX price, while the 52-week range shows the shares close to the lower end of their yearly span.