Why DigitalBridge, Inc. (DBRG) Went Up On Thursday?

We recently published a list of 10 Firms Stand Out Amid Market Downturn. In this article, we are going to take a look at where DigitalBridge, Inc. (NYSE:DBRG) stands against other firms that stand out amid market downturn.

Pessimistic sentiment persisted on the stock market on Thursday as investors moved to sell off shares in an effort to minimize risks from uncertainties brought about by President Donald Trump’s continued tariff threats and policy shifts.

The Dow Jones plunged 1.01 percent, the S&P 500 declined 0.43 percent, and the tech-heavy Nasdaq lost 0.47 percent.

Amidst the overall market downturn, 10 companies stood out, clocking in double-digit gains during the trading session, thanks to a flurry of positive catalysts including strong corporate earnings results.

To come up with Thursday’s top performers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.

Aerial view of a city skyline, with many buildings owned by the real estate arm of the company.

DigitalBridge Group, Inc. (NYSE:DBRG)

DigitalBridge, Inc. (NYSE:DBRG) surged by 13.86 percent on Thursday to finish at $12.24 apiece as investor sentiment was fueled by the company’s optimistic outlook for 2025, offsetting disappointing earnings performance last year.

In its latest earnings call, DBRG said it plans to grow its fee-earning equity under management (FEEUM), the amount of money it manages, to $40 billion this year from $36 billion last year, supported by continued fund-raising activities and capital deployment. The company also plans to finalize its third flagship fund and second credit strategy and introduce two new investment products.

In the fourth quarter of 2024, DBRG swung to a net loss of $19.7 million from a $100-million net income in the same period in 2023, as revenues fell by 81 percent to $66 million from $350 million.

Overall, DBRG ranks 4th on our list of firms that stand out amid market downturn. While we acknowledge the potential of DBRG as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than DBRG but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.