NextDC stock gets a Buy call amid FY27 growth guidance

Published on 10/07/2026 at 04:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NextDC stock generated AUD 405.0 million in FY26 revenue, up 16 percent on the prior year. FY27 EBITDA guidance is AUD 385 million to AUD 410 million.

NextDC, AU000000NXT8, Illustration mit AI erstellt.

NextDC stock was trading at AUD 10.62 on the ASX on October 6, 2026, down 0.2 percent on the session. The latest analyst signal is constructive: The Motley Fool Australia reported on October 6, 2026, that Dolphin Partners analyst Arthur Garipoli gave the stock a Buy rating.

FY26 growth supports the call

NextDC lists FY26 net revenue of AUD 405.0 million and underlying EBITDA of AUD 248.8 million on its investor center. The company also reports FY26 contracted utilization of 740.1 megawatts, compared with billing utilization of 175 megawatts.

The revenue figure was up 16 percent from the prior corresponding period, while underlying EBITDA increased 15 percent. That combination gives the Buy call an operating basis, although the share price remains below the level cited in the latest consensus data.

Guidance demands heavy investment

The FY27 outlook points to net revenue of AUD 615 million to AUD 640 million and underlying EBITDA of AUD 385 million to AUD 410 million, according to The Motley Fool Australia. At the lower end, the revenue range is AUD 210.0 million above FY26 revenue, while the EBITDA range starts AUD 136.2 million above FY26 underlying EBITDA.

The counterweight is capital intensity. The Bull reported on October 2, 2026, that FY27 capital expenditure guidance was AUD 5.25 billion to AUD 5.75 billion, while the forward order book stood at 565 megawatts. The investment case therefore depends on converting contracted capacity into billed utilization and cash flow.

Consensus target stays above price

Marketscreener listed a Buy mean consensus from 14 analysts and an average target of AUD 20.18 in its September 18, 2026 overview. The average target lies 90.0 percent above the ASX price of AUD 10.62, showing how much execution risk is embedded in the gap between current valuation and broker expectations.

NextDC stock trades below recent high

NextDC stock was last at AUD 10.62 on the ASX on October 6, 2026, with a market capitalization of AUD 8.2 billion cited on October 5, 2026. The combination of FY27 growth guidance, a 565-megawatt forward order book and AUD 5.25 billion to AUD 5.75 billion of planned capital expenditure defines the next stage of the story.