tiprankstipranks
Digital Realty price target raised to $205 from $190 at Jefferies
The Fly

Digital Realty price target raised to $205 from $190 at Jefferies

Jefferies analyst Jonathan Petersen raised the firm’s price target on Digital Realty (DLR) to $205 from $190 and keeps a Buy rating on the shares after the company “exceeded all leasing expectations” by booking $521M in new annualized rental revenue, which the firm notes is more than twice the previous record high of $252M in Q1 of 2024. Rent renewals also posted a “record quarter” with $258M in annual revenue and 15.2% cash spread, adds the analyst, who says the “record-setting quarter” should drive material stock outperformance.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App