On Oct 26, major Wall Street analysts update their ratings for $Digital Realty Trust Inc (DLR.US)$, with price targets ranging from $170 to $190.
BofA Securities analyst David Barden maintains with a buy rating, and maintains the target price at $170.
Wells Fargo analyst Eric Luebchow maintains with a buy rating, and adjusts the target price from $175 to $185.
Evercore analyst Irvin Liu maintains with a buy rating, and adjusts the target price from $160 to $175.
Mizuho Securities analyst Vikram Malhotra maintains with a buy rating.
Raymond James analyst Frank Louthan maintains with a buy rating, and adjusts the target price from $140 to $190.
Furthermore, according to the comprehensive report, the opinions of $Digital Realty Trust Inc (DLR.US)$'s main analysts recently are as follows:
The company has recorded its highest quarterly bookings to date at $521B in Q3, driven by substantial demand from artificial intelligence and traditional data center sectors.
Digital Realty's third-quarter performance showcased a record in leasing, prompting an upward revision of the 2024 renewal spread guidance.
Digital Realty's recent performance has surpassed all leasing forecasts, securing $521M in new annualized rental revenue, a figure that more than doubles the prior peak of $252M in the first quarter of 2024. Additionally, the company achieved a milestone with rent renewals, generating $258M in annual revenue and a 15.2% cash spread. This remarkable quarter is expected to significantly propel the company's stock performance.
Here are the latest investment ratings and price targets for $Digital Realty Trust Inc (DLR.US)$ from 5 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
