35 AI News and Ratings You Should Not Miss

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34. DigitalBridge Group, Inc. (NYSE:DBRG)

Number of Hedge Fund Holders: 24

DigitalBridge Group, Inc. (NYSE:DBRG) is an infrastructure investment firm specializing in digital infrastructure assets. On October 21, the firm announced that it had completed a majority takeover of Japanese communications infrastructure firm JTOWER Inc. DigitalBridge acquired a 75.62% controlling interest in JTOWER for JPY 70.1 billion, marking a significant milestone in the expansion into the Japanese digital infrastructure market. DigitalBridge plans to take JTOWER private. The delisting of JTOWER is expected to be completed in Q1 2025. On October 1, JPMorgan analyst Richard Choe raised the price target on DigitalBridge to $23 from $22 and kept an Overweight rating on the shares.

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