Bullish On DigitalBridge: Analyst Expects FEEUM Growth Despite Tech Sector Slowdown
Portfolio Pulse from Lekha Gupta
Keefe, Bruyette & Woods analyst Jade J. Rahmani upgraded DigitalBridge Group Inc (NYSE:DBRG) to Outperform from Market Perform with an increased price target of $17.5 from $12.5. The upgrade reflects potential growth in digital infrastructure demand and strong acquisitions. Rahmani projects FEEUM growth of 22% Y/Y in 2023 and 24% in 2024.
June 05, 2023 | 5:47 pm
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DigitalBridge Group (DBRG) upgraded to Outperform by Keefe, Bruyette & Woods analyst with a price target of $17.5. The upgrade is based on strong digital infrastructure growth potential and acquisitions.
The analyst upgraded DigitalBridge Group (DBRG) to Outperform and increased the price target to $17.5 due to the potential for strong digital infrastructure growth and a series of acquisitions. This positive outlook is expected to drive the stock price up in the short term.
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