Digital Realty price target raised to $215 from $190 at Goldman Sachs

Goldman Sachs analyst Michael Ng raised the firm’s price target on Digital Realty (DLR) to $215 from $190 and keeps a Buy rating on the shares. Digital Realty delivered a strong Q1, beating on EBITDA, cash flow, and bookings while raising 2026 guidance on stronger demand for small-to-mid-sized interconnection capacity and faster-than-expected leasing activity, the analyst tells investors in a research note. Record bookings, including a major hyperscaler AI inference deal in Charlotte, highlight accelerating AI-driven demand and expanding development capacity, supporting a robust medium-term growth outlook backed by a growing backlog and high preleasing rates, the firm says.