TD Cowen analyst Michael Elias maintained a Hold rating on Digital Realty yesterday and set a price target of $179.00.
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Michael Elias has given his Hold rating due to a combination of factors including Digital Realty’s recent performance and future growth prospects. The company reported strong third-quarter results for 2025 and increased its guidance for the year, which are positive indicators. However, despite the strong demand pipeline and promising customer interactions, particularly in Charlotte, there are concerns about the sustainability of growth into 2026.
Management has pointed out potential challenges that could hinder the acceleration of Core-FFO/share growth beyond 2025. While the fundamentals of Digital Realty appear solid, and the leasing pipeline is robust, the valuation concerns and anticipated headwinds for 2026 growth make it prudent to maintain a Hold position. This cautious stance reflects the balance between the current positive indicators and the uncertainties surrounding future growth trajectories.
In another report released on October 16, Morgan Stanley also initiated coverage with a Hold rating on the stock with a $195.00 price target.