Stifel raised the firm’s price target on Digital Realty to $230 from $200 and keeps a Buy rating on the shares. The firm remains constructive on data center REITs heading into Q1 earnings as AI-driven demand continues to outpace constrained supply. Stifel believes Equinix (EQIX) and Digital Realty (DLR) are uniquely positioned to capitalize, with deep powered land banks, priority access to critical electrical equipment, long-standing utility relationships, and strong balance sheets. These advantages are widening competitive moats and creating consolidation opportunities as smaller developers struggle to execute, the firm adds.
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