BMO Capital analyst Ari Klein has reiterated their bullish stance on DLR stock, giving a Buy rating yesterday.
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Ari Klein has given his Buy rating due to a combination of factors, including Digital Realty’s strong first-quarter performance and upgraded outlook. Core FFO and EBITDA exceeded both consensus and BMO’s expectations, while 2026 guidance was raised alongside higher projected revenue and development spending, which he still views as conservative.
He also highlights exceptionally strong and diversified bookings, featuring the company’s largest lease to date, multiple large-scale deployments, and record smaller deals, all driving a 26% sequential jump in backlog to over $1 billion. In addition, Digital Realty is expanding its future capacity to 6GW, positioning it to capture further large leases in coming quarters and supporting sustained growth visibility.
In another report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $0.00 price target.