Goldman Sachs analyst James Schneider initiated coverage on Digital Realty Trust, Inc. (NYSE:DLR) with a Buy rating and a price target of $175.
The analyst says he observes robust secular demand trends, propelled by AI and hyperscaler demand, alongside favorable cyclical supply conditions driven by utility and construction capacity constraints.
Although the company was heavily leveraged for much of 2023, the analyst believes its improved capital position following the Blackstone Inc. (NYSE:BX) joint venture has positioned it well for the next two years.
Schneider anticipates Digital Realty surpassing key Street estimates across multiple ...Full story available on Benzinga.com
Related tickers: BX, DLR, SRVR, IDGT.
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