15 Best European AI Stocks According to Morgan Stanley

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7. SEGRO Plc (OTC:SEGXF)

Number of Hedge Fund Holders: N/A 

SEGRO Plc (OTC:SEGXF) is a UK-based Real Estate Investment Trust (REIT). It is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.4 million square meters of space valued at over £20 billion serving customers from a wide range of industry sectors. The most exciting developments related to the company in terms of AI are data center operations, the heart of the AI revolution. The real estate portfolio of the firm includes 34 data centers that contribute close to 10% to the total revenue. Morgan Stanley has described the firm as the landlord of the largest cluster of data centers in Europe.

Morgan Stanley analyst Bart Gysens is bullish on SEGRO Plc (OTC:SEGXF) and has a 1,050 pence price target on the stock, implying upside potential of around 19%. Gysens, in a recent investor note, detailed that the real estate firm had ambitious plans to grow in the data center space, with a pipeline including projects worth £200 million of future rent to be delivered over the next decade.

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