Truist raised the firm's price target on Digital Realty to $225 from $208 and keeps a Buy rating on the shares. The firm is positive on the company's announced transactions this week totaling $1.6B given its alignment with key priorities, noting that the stock is one of its favorite names in its Communications Infrastructure coverage, the analyst tells investors in a research note. Digital Realty's growth outlook is underpinned by a highly favorable supply/demand backdrop for Data Centers and momentum in both hyperscale and colocation data center, the firm added.
