Stifel raised the firm’s price target on Digital Realty (DLR) to $190 from $185 and keeps a Buy rating on the shares. Q1 revenue was below expectations, but Digital Realty came in ahead of expectations on adjusted EBITDA, and CFFO per share, the analyst noted. Record backlog of $919M provides good visibility into accelerated growth in the business and the company slightly raised its 2025 guidance for revenue, adjusted EBITDA and CFFO per share given the strong start to the year, the analyst added.
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