Macquarie Technology Shaping for Decade of Sydney DC Growth -- Market Talk
Dow Jones
Jul 14
0026 GMT - Macquarie Technology's bull at RBC reckons that its proposed Sydney land acquisition should be the precursor to a decade of data-center growth in Australia's largest city. Analyst Garry Sherriff tells clients in a note that the data-center campus that Macquarie Technology hopes to build is three times the size of its current development elsewhere in the city. He thinks that Sydney's suburban north shore is the most likely location for the campus. Investors should welcome the announcement, he adds. RBC has a last-published outperform rating and A$95.00 target price on the stock, which is up 5.5% at A$65.30. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
July 13, 2025 20:26 ET (00:26 GMT)
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