NextDC stock: Morgans sets AUD 7.50 target for NextDC stock

Published on 10/22/2026 at 18:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NextDC's AGM is set for November 20, 2026. NextDC stock costs EUR 3.54 on October 22, 2026, up 4.12 percent versus the Tradegate close.

Annual meeting November 20, 2026

Morgans analyst Nick Harris set a Buy rating and an AUD 7.50 target on October 21, 2026.
NEXTDC will hold its annual meeting on November 20, 2026.
NextDC stock costs EUR 3.54 at Lang & Schwarz on October 22, 2026 at 6:38 p.m. CEST, 4.12 percent above the Tradegate close of October 21, 2026.
Fiscal year 2026 revenue reached AUD 496.50 million, up 16.00 percent.

NextDC, AU000000NXT8, Illustration mit AI erstellt.

NextDC Limited received a Buy rating and an AUD 7.50 price target from Morgans analyst Nick Harris on October 21, 2026, according to Markets Insider. The target lies 30.43 percent above the ASX price of AUD 5.75 last traded on October 22, 2026 at 4:18 p.m. AEDT. After hours in Germany, the stock was trading at EUR 3.54 at Lang & Schwarz on October 22, 2026 at 6:38 p.m. CEST, up 4.12 percent versus the Tradegate close of October 21, 2026.

Revenue growth remains substantial

Fiscal year 2026 revenue rose 16.00 percent to AUD 496.50 million, while underlying EBITDA increased 15.00 percent to AUD 248.80 million, according to Investing.com on October 16, 2026. Contracted utilization reached 740.10 megawatts by June 30, 2026, according to the company's investor materials.

Stock range remains wide

On the ASX, NextDC last traded at AUD 5.75 on October 22, 2026 at 4:18 p.m. AEDT. The one-year range was AUD 5.07 to AUD 16.78, placing the stock 13.41 percent above its low and 65.73 percent below its high. Trading volume reached 30,056,104 shares on the same session.

Valuation and annual meeting date

NextDC carried a price-to-earnings ratio of 48.48 and a market capitalization of AUD 4.4 billion as of October 22, 2026. Its annual meeting will take place in Sydney on November 20, 2026, as TradingView reported on October 19, 2026.

Comparison with peers

NextDC: 48.48 price-to-earnings ratio, AUD 4.4 billion market capitalization. Megaport (ASX, AUD): minus 78.90 price-to-earnings ratio, AUD 4.1 billion market capitalization. Data#3 (ASX, AUD): 37.77 price-to-earnings ratio, AUD 2.1 billion market capitalization.

Investor view on NextDC

Morgans' AUD 7.50 target sits above the latest ASX quotation, while the German euro quotation remains below the Australian listing's one-year high. The combination gives investors two separate reference points: near-term analyst valuation and the longer trading range.

The further course of trading is shown by the continuously updated real-time quote of NextDC stock.