Digital Realty price target raised to $191 from $177 at Mizuho

Mizuho raised the firm’s price target on Digital Realty (DLR) to $191 from $177 and keeps an Outperform rating on the shares. Data center real estate investment trusts have outperformed in the last three months, following early concerns about DeepSeek, Microsoft and overall capital expenditures, the analyst tells investors in a research note. The firm says that while bears may point to the outperformance and “good news” as being priced in, it still sees “several catalysts,” including solid bookings and continued hyperscaler commentary. It reiterates Digital Realty as its top pick.