Digital Realty Trust stock price target lifted on strong leasing By Investing.com
On Friday, TD Cowen adjusted its outlook on Digital Realty Trust (NYSE:) shares, a real estate investment trust specializing in data center properties. The firm increased the price target to $128.00 from the previous $120.00 while maintaining a Hold rating on the stock.
The revision follows Digital Realty Trust’s announcement of record leasing achievements for the third quarter of 2024, alongside an uplifted renewal spread guide for the year. The company’s management has also indicated a robust demand pipeline, which could potentially lead to another record in leasing activity over the next twelve months.
TD Cowen’s analyst acknowledged the positive developments, noting the company’s potential for a slight increase beyond the 5% Core…
