Oppenheimer initiated coverage of Digital Realty (DLR) with an Outperform rating and $200 price target The firm notes Digital Realty is one of the largest and now most diversified datacenter operators with over 300 locations and capacity of 2.8GW, 5% of the global total. In Oppenheimer’s opinion, Digital Realty is well positioned as a major beneficiary of AI and cloud megatrends with strong demand driving improved volumes and pricing. High demand datacenter clusters like Northern Virginia are operating at virtually 100% utilization. The firm also points out that the stock is trading below its five-year revenue multiple and in line on AFFO, despite the accelerating growth.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DLR:
- Digital Realty price target lowered to $184 from $185 at Truist
- AutoZone, Netflix among stocks added to JPMorgan Analyst Focus List
- Wells sees little impact to Digital Realty from Microsoft report
- Digital Realty Trust’s Earnings Call Highlights Robust Growth
- Early notable gainers among liquid option names on April 25th