- Digital Realty Trust's funds from operations exceed expectations, demonstrating robust financial health.
- Despite a revenue miss, the company boosts its guidance, reflecting confidence in continued growth.
- Analysts offer a positive outlook with a considerable upside potential.
Digital Realty Trust (DLR, Financial) showcased a strong financial performance in its first-quarter results, reporting funds from operations at $1.77 per share, exceeding analysts' projections by $0.04. Although the revenue came in at $1.41 billion, missing the mark by $10 million, the company's forward-looking statements are optimistic. DLR raised its revenue and adjusted EBITDA guidance, signaling its confidence in future growth prospects.
Wall Street Analysts Forecast
According to projections from 21 analysts, the average one-year price target for Digital Realty Trust Inc. (DLR, Financial) stands at $184.14. The estimates range from a high of $220.00 to a low of $129.00. This average price target suggests a potential upside of 19.77% from the current trading price of $153.75. Investors looking for more in-depth analysis can refer to the Digital Realty Trust Inc (DLR) Forecast page.
The consensus among 25 brokerage firms gives Digital Realty Trust Inc. (DLR, Financial) an average recommendation rating of 2.1, placing it in the "Outperform" category. This rating is on a scale from 1 to 5, where 1 indicates a Strong Buy, and 5 suggests a Sell recommendation.
From a value perspective, GuruFocus estimates the GF Value for DLR at $142.44 over the next year, presenting a forecasted downside of 7.36% relative to its current price of $153.75. The GF Value represents GuruFocus's assessment of the fair market value, calculated based on historical trading multiples, past business growth, and future business performance estimates. For a more comprehensive evaluation, visit the Digital Realty Trust Inc (DLR, Financial) Summary page.
