We think NextDC (NXT) will be a winner over the next few weeks!
With brokers talking about the stock going to hit $10, we had a look again at this story that we’ve already made money on and decided to put in on this week as our Hot Stock!
NXT is well positioned for the move to Cloud technology with plenty of capacity for extraordinary growth moving forward. We think they are in the right industry that will see growth over the medium to longer term, and recent results saw NXT post record share price highs as there was an upgrade to earnings.
Revenue for the 6 months was $77.5M, up 32% from the previous corresponding period, along with EBITDA of $33.6M, up 41% on pcp. Although profits after tax was down due to deferred tax assets, it was great to see the underlying performance of the Company improve so greatly.
Further, the chart this week looks phenomenal and set to burst so its no question as to why NextDC (NXT) is our Hot Stock this week.