Goodman Bull Flags Expectation of Catalysts -- Market Talk

Dow Jones12-11

0044 GMT - Goodman Group's bull at Citi flags investor expectation that the Australian real-estate developer will announce either a capital partnership or data-center lease, or both, over the next few months. Analyst Howard Penny points to a poll of Citi platform users that suggested more than half expect some kind of catalyst before the end of Goodman'sFY 2026. This chimes with Penny's outlook, which includes potential for news by the time of February's 1H result announcement. He observes that the stock is trading at about 22 times earnings, compared with recent highs of about 29 times earnings. Citi has a buy rating and A$40.00 target price on the stock, which is up 2.15% at A$29.92. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

December 10, 2025 19:44 ET (00:44 GMT)

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