DLR
Wall Street’s latest love note
Jefferies & Co took a fresh swing at Digital Realty Trust and came away even more enthusiastic, bumping its price target to $223 from $189 while keeping the Buy rating intact. That’s a pretty loud thumbs-up for a stock that sits right in the middle of the AI infrastructure gold rush.
Why you should care
Digital Realty isn’t exactly a household name, but it owns and runs data centers — the digital equivalent of the warehouses where the internet keeps its snacks. When analysts keep lifting targets on this kind of company, they’re basically saying the demand picture still looks sturdy, especially as AI workloads keep chewing through compute capacity like it’s an all-you-can-eat buffet.
The analyst parade continues
Jefferies wasn’t exactly alone on the bandwagon. The article also pointed to a string of recent target hikes and fresh calls:
- Morgan Stanley raised its target to $210
- Cantor Fitzgerald initiated at Overweight with a $211 target
- Scotiabank moved its target to $195
- Wolfe nudged its target to $211
That chorus matters because it suggests this isn’t one rogue analyst having a good morning coffee. It’s a broader Wall Street rethink that the data-center story may still have room to run.
Big picture
DLR is already up sharply this year, and the latest target hike adds more fuel to the “AI picks winners in infrastructure” trade. If you own it, this kind of note is the market’s way of saying: the runway may still be long, and the building’s still getting bigger.