Buy Alert: Goldman Sachs Sees Digital Realty Trust Thriving on AI Surge and Tight Market Conditions
Digital Realty Trust(DLR) Benzinga·2024-07-02 02:00
Loading... Although the company was heavily leveraged for much of 2023, the analyst believes its improved capital position following the Blackstone Inc. BX joint venture has positioned it well for the next two years. Last week, JP Morgan upgraded the stock to Overweight (from Neutral) and raised the price target to $175 from $150. Price Action: DLR shares are up 0.03% at $152.09 at the last check Monday. Loading... The analyst says he observes robust secular demand trends, propelled by AI and hyperscaler de ...