Digital Realty Trust Sees $222 Price Target Boost After Q1 FFO $2.04 and $1.635B Revenue
Scotiabank raised Digital Realty Trust's price target to $222 and kept an Outperform rating after Q1 2026 funds from operations of $2.04 and $1.635 billion in revenue. A $1.8 billion backlog and planned 6GW capacity expansion underpin growth, while a Hold rating pegs valuation at $215 with $4.88 distributions.
1. Price Target Upgrade and Outperform Rating
An analyst firm raised Digital Realty Trust's price target to $222 and maintained an Outperform rating, indicating expectations for the stock to outperform its sector peers.
2. Strong Q1 Financials and Backlog Growth
Digital Realty Trust reported Q1 2026 funds from operations of $2.04 per share and revenue of $1.635 billion, supported by a record backlog of $1.8 billion that extends visibility into future operations.
3. Planned 6GW Capacity Expansion
The company outlined plans to add 6GW of data center capacity to meet surging demand from the artificial intelligence sector and reinforce its position in the digital infrastructure market.
4. Hold Rating and Distribution Stability
A separate analyst assigned a Hold rating with a $215 price target, noting that current valuation may already reflect projected growth and highlighting stable distributions at $4.88 per share.