RBC Capital raised the firm’s price target on DigitalBridge (DBRG) to $23 from $19 and keeps an Outperform rating on the shares. The firm is increasing its price target based on potential M&A developments for DigitalBridge and revised peer-group valuation methodology, the analyst tells investors in a research note. Friday’s market reaction does not fully capture DigitalBridge’s fair value in light of its asset base heavily levered to growth in AI-driven datacenter demand and the next leg of growth in mobile infrastructure demand, the firm added.
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