Added to YB: 2026-10-07
Pitch date: 2026-10-03
CSQR [bullish]
Csquare, Inc.
-1.73%
current return
Author Info
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Company Info
Csquare, Inc. operates as a digital infrastructure platform that provides interconnection services. The company offers a geographically proximate, carrier-neutral colocation platform with pre-built power and cooling infrastructure.
Market Cap
$2.9B
Pitch Price
$17.38
Price Target
26.00 (+52%)
Dividend
N/A
EV/EBITDA
16.99
P/E
-9.87
EV/Sales
8.09
Sector
IT Services
Category
value
The data center IPO the market wrote off, with 70% upside - Csquare, Inc.
CSQR: Csquare is a broken data-center IPO at $16.76 despite Q2 revenue and adjusted EBITDA growth of 14.5% and 21%, respectively, and contracted power at 107% of sellable capacity. Non-underwriting analysts average a $26 target, implying about 55% upside. The main risk is leverage, estimated by Morgan Stanley at roughly 9x EBITDA in Q3 2026; $610-$660M of 2026 growth capex exceeds guided adjusted EBITDA of $460-$480M, likely requiring additional financing.
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