35 AI News and Ratings You Should Not Miss

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32. Digital Realty Trust, Inc. (NYSE:DLR)

Number of Hedge Fund Holders: 44      

Digital Realty Trust, Inc. (NYSE:DLR) brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. On October 17, Wells Fargo raised the price target on the stock to $175 from $170 and kept an Overweight rating on the shares. The advisory remains constructive on data centers, as potentially record Q3 demand and market rent growth of 15%-25% help support valuations. Digital Realty will post third-quarter 2024 results later this week. The quarterly results are expected to reflect year-over-year growth in both revenues and funds from operations per share.

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