HSBC has upgraded their outlook on
Digital Realty Trust (DLR) with a new price target of $160, noting strong AI-driven demand and pricing momentum. The company is also approaching a key technical benchmark.
Norges Bank and the
Pensionfund DSM Netherlands have both increased their stakes in DLR.
JPMorgan has also raised its price target due to growing demand for hyperscale data centers and AI.
Alpha Cubed Investments LLC and
Strategic Wealth Partners Ltd. have also enlarged their shares in DLR. DLR's stock has risen, with HSBC upgrading its rating and Goldman Sachs initiating coverage with a buy recommendation. The firm has announced a common stock offering and declared quarterly cash dividends. Technological advancements, especially in Artificial intelligence, have significantly boosted prospects for DLR's data centres. Interest in AI and data centres suggests a positive long-term outlook for the company. Despite underperforming compared to Nasdaq, DLR's strong showing in trading reveals investor confidence. On a less positive note, Q2 revenue missed estimates. However, the company has managed to refinance and upsize revolving credit facilities to $4.5 billion.
Digital Realty Trust DLR News Analytics from Thu, 15 Feb 2024 08:00:00 GMT to Sat, 12 Oct 2024 18:49:02 GMT -
Rating 7
- Innovation 5
- Information 9
- Rumor -2
