2331 GMT - Macquarie Technology isn't growing as quickly as some other data-center operators, but it's also a lot cheaper, Morgan Stanley analysts observe. For example, NextDC is trading at about 40 times MS's fiscal 2026 Ebitda forecast. This compares with about 18 times Ebitda for Macquarie Technology, which has other operations besides data centers and isn't sitting on as much land. Simply put, the MS analysts say that Macquarie Technology represents another way for investors to play the cloud and AI growth thematic. Macquarie Technology's latest planned data-center campus could generate annual project revenues of A$500 million and Ebitda of A$150 million-A$200 million, they add. MS has an "overweight" rating and A$102.00 target price on the stock, which is at A$67.85 ahead of the open. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 14, 2025 19:31 ET (23:31 GMT)

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