In a report released today, Michael Elias from TD Cowen reiterated a Buy rating on DigitalBridge Group, with a price target of $19.00.
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Michael Elias has given his Buy rating due to a combination of factors including DigitalBridge Group’s confidence in meeting or exceeding its 2025 financial targets, particularly its FEEUM guidance of $40 billion. The company has a substantial backlog of capital that management expects to convert into FEEUM, which is a positive indicator for future growth.
Additionally, the stock is trading near the lower end of its multi-year range, presenting an attractive risk/reward scenario for investors. Despite mixed second-quarter results, the company’s strategic execution and the growing demand for data centers are expected to drive further capital raising and incremental FEEUM growth. Management’s commentary on potential acquisition offers also suggests a strategic focus that could enhance shareholder value.
According to TipRanks, Elias is a 4-star analyst with an average return of 11.5% and a 48.24% success rate. Elias covers the Real Estate sector, focusing on stocks such as Equinix, American Tower, and Digital Realty.