TD Cowen analyst Michael Elias has adjusted the price target for Digital Realty (DLR, Financial), elevating it from $129 to $153. Despite maintaining a Hold rating on the company's shares, Elias notes several positive developments in Digital Realty's recent financial activities and projections.
Digital Realty's first-quarter 2025 leasing performance was notably strong, although their overall quarter results were mixed. Nevertheless, the company has demonstrated confidence by raising its guidance for 2025. This move has caught the attention of analysts, including those at TD Cowen, who see the company's management commentary as indicative of robust demand from both hyperscale providers and enterprise clients.
The optimistic outlook for Digital Realty (DLR, Financial) is buoyed by this increased demand, which suggests potential growth and stability for the company moving forward.
