HSBC upgraded Digital Realty to Hold from Reduce with a price target of $160, up from $124. The firm says operational momentum for Equinix and Digital Realty are set to improve significantly in 2025. Data center demand has far outstripped supply in 2024, due to strong artificial intelligence-driven demand and constrained supply in major markets, yet the stocks have underperformed, the analyst tells investors in a research note. HSBC says Digital Realty’s pricing environment looks strong in the next two years.
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