** Morningstar raises fair value estimate for data centre operator NEXTDC NXT.AX to A$15 from A$14 on new contract wins

** In early June, co said its contracted utilisation as at 31 May 2025 increased by 7% to 244 mw since its last update

** Co also increased its FY25 CAPEX guidance by A$100 million ($65.52 million) in early May; Morningstar raises capex forecasts in line with guidance

** Also hikes revenue forecast from fiscal 2027; says AI is driving very strong data center demand globally

** Analysts on average rate the stock "buy"; their median price target is A$19.40 - LSEG data

** Stock down 4.8% this year

($1 = 1.5263 Australian dollars)

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))