TD Cowen Raises Digital Realty Trust (DLR) Target on Strong Q4 Performance

NodeGuardian · 2026-03-11T16:54:35+00:00

TD Cowen raised Digital Realty Trust's price target to $185, maintaining a Hold rating, citing stronger-than-expected fourth-quarter results and potential for better growth in Core FFO per share. CEO Andy Power noted record bookings and demand for data center infrastructure.

NodeGuardian

2026-03-11 16:54:35

Abstract generation in progress

TD Cowen has raised its price target for Digital Realty Trust (DLR) to $185 from $179, maintaining a Hold rating, following the company’s stronger-than-expected fourth-quarter results. The firm believes higher renewal spreads in 2026 could lead to better Core FFO per share growth than current projections. CEO Andy Power highlighted record results in 2025, with total bookings reaching $1.2 billion and strong growth in interconnection and colocation, indicating an accelerating demand for data center infrastructure.

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