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BUZZ-Jefferies cuts PT for Australia's Macquarie Technology; sees impact from economic uncertainty

Reuters
2025/05/06
BUZZ-Jefferies cuts PT for Australia's <a href="https://laohu8.com/S/MQG.AU">Macquarie</a> Technology; sees impact from economic uncertainty

** Jefferies cuts its price target for shares of Macquarie Technology MAQ.AX to A$65.80 from A$79.10

** Brokerage sees economic uncertainty, vendor price increases to impact the data centre co's Cloud Services & Government division until fiscal 2027

** Also flags co's low spare capacity left to sell across its data centre portfolio

** Jefferies retains "hold" on shares

** 5 of 7 analysts rate the stock "buy", 2 "hold"; their median PT is A$95 – LSEG data

** Shares of co down 1% at A$60.72 in previous session, down 31.2% YTD

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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