Digital Realty Trust Inc. (DLR) has been dominating the scene with several financial institutions acquiring sizesable quantities of its shares. The second quarter yielded positive news with strong Q2 results, including record Core FFO and robust revenues. An upward adjustment of the price target to $205.00 was done by several financial firms such as Raymond James. Moreover, it yielded a bullish performance forming a key technical benchmark.
There are profound investments, including Syntax Research Inc.’s $2.15 million and Longbow Finance SA’s $3.25 million stakes. The trust's shares also noticed an appreciation forecast by Wells Fargo & Co. and Barclays. Given the strong performance, several entities such as IFP Advisors Inc, Kovack Advisors Inc, and Kestra Private Wealth Services LLC have increased their stake.
The optimistic guidance for FY 2025 reflects high demand in the data center domain, playing into DLR's strength. Oracle’s partnership to expedite the adoption of hybrid IT and AI also marked a significant development. Despite certain selloffs, the overall consensus remains at 'Moderate Buy'.
Digital Realty Trust DLR News Analytics from Fri, 31 Jan 2025 08:00:00 GMT to Sat, 26 Jul 2025 23:30:45 GMT - Rating 7 - Innovation 4 - Information 9 - Rumor -6
