Jefferies raised the firm’s price target on Digital Realty (DLR) to $193 from $190 and keeps a Buy rating on the shares, as the firm says the company had “another strong leasing quarter” despite concerns about hyperscalers slowing their investments. The results indicate that Microsoft’s (MSFT) recent slowdown in data center commitments does not apply to the entire industry, the analyst tells investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DLR:
- Digital Realty’s Strong Market Position and Growth Potential Drive Buy Rating
- Digital Realty price target raised to $190 from $185 at Stifel
- Digital Realty price target raised to $153 from $129 at TD Cowen
- Digital Realty’s Strong Q1 Performance and Growth Potential Justify Buy Rating
- Digital Realty’s Strong Performance and Growth Prospects Justify Buy Rating
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue