TD Cowen analyst Michael Elias reiterated a Buy rating on DigitalBridge Group (DBRG – Research Report) today and set 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 strong first-quarter financial performance in 2025 and its maintained guidance for the year. The company has a significant backlog of approximately $4 billion in capital that management anticipates converting to fee-earning assets in the near term, which provides a positive outlook for future growth.
Additionally, despite a decrease in fee-earning assets under management compared to estimates, the company has shown a substantial year-over-year increase in its data center leasing pipeline. The management’s expectations for a moderate increase in data center build costs, even with potential tariffs, further support the positive risk/reward assessment. The stock’s current valuation, which remains lower than previous levels despite stable business fundamentals, presents an attractive opportunity, with limited downside risk and potential for acquisition interest.