Digital Realty price target raised to $250 from $220 at Citizens

Citizens raised the firm’s price target on Digital Realty (DLR) to $250 from $220 and keeps an Outperform rating on the shares. Digital Realty’s Q1 results indicate accelerating demand across both hyperscale and smaller customers, signaling a surge in bookings driven by rising capital spending, the analyst tells investors in a research note. The outlook points to a significant wave of new contracts and a potential doubling of global capacity beyond the 75GW deployed to date, the firm says.