Buy Alert: Goldman Sachs Sees Digital Realty Trust Thriving on AI Surge and Tight Market Conditions
Portfolio Pulse from Lekha Gupta
Goldman Sachs has initiated coverage on Digital Realty Trust (DLR) with a Buy rating and a price target of $175, citing strong AI and hyperscaler demand. The company's improved capital position following a joint venture with Blackstone (BX) is also noted. JP Morgan and BMO Capital have similarly upgraded their ratings and price targets for DLR. Investors can gain exposure through ETFs like SRVR and IDGT.
July 01, 2024 | 6:00 pm
News sentiment analysis
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POSITIVE IMPACT
Blackstone's joint venture with Digital Realty Trust has improved DLR's capital position, positioning it well for the next two years.
The joint venture with Digital Realty Trust has positively impacted DLR's capital position, which is a favorable development for Blackstone as well.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Goldman Sachs has initiated coverage on Digital Realty Trust with a Buy rating and a price target of $175, citing strong AI and hyperscaler demand. The company's improved capital position following a joint venture with Blackstone is also noted.
The Buy rating and high price target from Goldman Sachs, along with similar upgrades from JP Morgan and BMO Capital, indicate strong positive sentiment. The improved capital position and strong demand trends further support a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to Digital Realty Trust through the IShares U.S. Digital Infrastructure And Real Estate ETF (IDGT).
The ETF provides a way for investors to gain exposure to DLR, which has received positive analyst ratings and price target upgrades.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 30
POSITIVE IMPACT
Investors can gain exposure to Digital Realty Trust through the Pacer Data & Infrastructure Real Estate ETF (SRVR).
The ETF provides a way for investors to gain exposure to DLR, which has received positive analyst ratings and price target upgrades.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 30