# Morgan Stanley analyst Andrew McLeod maintained a Buy rating on Nextdc Limited today and set a price target of A$19.00.

*business · news · 2026-04-20 · Markets Insider*

## Key points

- Morgan Stanley's Andrew McLeod set a new price target of A$19.00 for Nextdc Limited.
- Jefferies also maintained a Buy rating but set a lower price target of A$16.60.
- Nextdc Limited's quarterly revenue rose to A$231.77 million, up from A$205.52 million last year.
- Nextdc Limited reduced its GAAP net loss to A$39.35 million from A$42.67 million year-over-year.

**Companies:** Nextdc Limited, CAR Group, REA Group Ltd, TPG Telecom Limited
**Countries:** Australia

[Read the full story on Markets Insider](https://markets.businessinsider.com/news/stocks/morgan-stanley-reaffirms-their-buy-rating-on-nextdc-limited-nxdcf-1036036764)

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