DBS analyst Andy Yu CFA maintained a Buy rating on Digital Realty (DLR – Research Report) today and set a price target of $213.00.
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Andy Yu CFA has given his Buy rating due to a combination of factors including Digital Realty’s strong financial performance and strategic growth initiatives. The company’s adjusted EBITDA has shown a significant year-over-year increase, and management has raised its full-year forecast, aligning with market expectations. These financial metrics indicate robust operational efficiency and profitability.
Additionally, Digital Realty’s position as a leading player in the data center industry, with a substantial market share and a diverse global portfolio, supports its growth potential. The company’s rich buildable capacity and strategic acquisitions further strengthen its expansion capabilities. Moreover, its strong customer ecosystem, with a diversified base across various sectors, enhances its market resilience. The target price of USD213 reflects confidence in Digital Realty’s continued global expansion and financial health.
In another report released on June 5, Evercore ISI also maintained a Buy rating on the stock with a $200.00 price target.