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Citi upbeat on Goodman post construction of its new data centre building



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** Analysts at Citi are hopeful about Australia's Goodman GMG.AX following the construction of a third building at co's Tsuen Wan West data centre campus in Hong Kong

** "We expect potential upgrades to guidance in first quarter update with further upgrades throughout FY25" - Citi

** Brokerage remains optimistic on co's medium-and long-term growth trajectory

** Rates the stock "buy" with target price of A$40 per share

** Five of 10 analysts rate the stock "buy" or higher, two "hold" and three "sell" or lower; their median PT is A$37.97 – LSEG data

** Stock is up 45% YTD as of last close



Reporting by Rajasik Mukherjee in Bengaluru

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