JPMorgan raised the firm’s price target on Digital Realty (DLR) to $190 from $185 and keeps an Overweight rating on the shares. Digital Realty reported “soft” Q4 results, but solid 2025 guidance, the analyst tells investors in a research note. The firm says that while colocation and interconnection bookings were “robust” at $76M, signings for deals over 1 MW amounted to just $22.6M. It sees upside to Digital Realty’s 2025 outlook from its robust pipeline.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DLR:
- Digital Realty’s Positive Outlook: Strong KPIs, Growth Prospects in Retail and Hyper-Scale Leasing
- Digital Realty’s Mixed Outlook: Balancing Growth Prospects with Valuation Concerns
- Digital Realty Trust Reports Strong Q4 2024 Performance
- Digital Realty Reports Q4 2024 Financial Results
- Digital Realty reports Q4 core FFO $1.73, consensus $1.69