In this article, we will look at the 5 Best Digital Infrastructure REITs to Buy According to Analysts. Please visit the 8 Best Digital Infrastructure REITs to Buy According to Analysts if you’d like to see an extended list and methodology behind it.
5. Iron Mountain Inc.(NYSE:IRM)
Potential Upside: 8.50%
Number of Hedge Fund Holders: 37
Iron Mountain Inc. (NYSE:IRM) is one of the best digital infrastructure REITs to buy according to analysts. On May 1, Truist analyst Tobey Sommer raised the price target on Iron Mountain to $140 from $130 while maintaining a Buy rating on the shares following better-than-expected first-quarter financial results, according to a report by TheFly.
In a research note, Sommer cited datacenter lease trends as a factor that tends to drive the stock, given the segment’s larger total addressable market, higher margins, and better multiples. Similarly, JPMorgan also raised its price target on Iron Mountain to $138 from $121 while maintaining an Overweight rating on the shares.
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On April 30, Iron Mountain reported a 21.6% increase in total revenues to $1.9 billion for the first quarter of the year. Net Income for the period was $149.0 million, compared with $16.2 million in the same period a year ago, primarily driven by increased operating income.
Iron Mountain President and CEO William L. Meaney said the company’s first-quarter performance exceeded their expectations and showed strength across all key metrics. He added:
“Our business is experiencing significant momentum, driven by outstanding performance in our growth businesses of data center, ALM (asset lifecycle management), and digital and continued solid growth in our highly recurring physical records storage business. Our team’s strong execution of our growth plans and commitment to delivering value to our customers through innovative solutions remain the foundation of our ongoing success.
Looking ahead, we are accelerating our cross-selling efforts in ALM and Digital and we are off to a strong start to the year in data center leasing, where we have already leased 32 megawatts through April. Additionally, our pipeline momentum continues to build against the 400 megawatts of data center capacity energizing and available over the next 24 months, supporting our outlook for continued strong growth.”
Given its positive trajectory, Meaney said the company is raising its full-year financial guidance. For 2026, Iron Mountain is now projecting total revenue in the range of $7.825 billion to $7.925 billion, representing approximately 14% growth. This is higher than the previous guidance for the year of $7.625 billion to $7.775 billion.
Based on 12 analyst ratings compiled by CNN, Iron Mountain has an average price target of $138, representing an 8.50% upside from the current price of $127.19.
Iron Mountain Inc. (NYSE:IRM) is a global leader in information management services with more than 240,000 customers in 61 countries. It offers a broad range of solutions to address their needs in information management, digital transformation, information security, data centers, and asset lifecycle management.
4. Prologis, Inc. (NYSE:PLD)
Potential Upside: 8.90%
Number of Hedge Fund Holders: 54
Prologis, Inc. (NYSE:PLD) is one of the best digital infrastructure REITs to buy according to analysts. On April 28, RBC Capital raised its price target on Prologis to $148 from $135 and maintained a Sector Perform rating on the stock, according to a report by TheFly.
RBC highlighted that Prologis delivered healthy Q1 results, adding that the company reported a healthy tenant activity despite the recent geopolitical risks.
On April 16, the company reported revenues for the quarter ending March 31, 2026, of $2.3 billion, higher than its $2.14 billion revenues in the same period a year ago. Prologis also reported net earnings per diluted share of $1.05 for the quarter, compared with $0.63 for the corresponding period in 2025.
On April 9, the company partnered with global investment group La Caisse to create Prologis Logistics Investment Venture Europe (PLIVE), a new pan-European joint venture focused on acquiring, developing, and operating high-quality logistics properties. Earlier in March, the company formed a $1.6 billion joint venture with global institutional investor GIC to develop and own build-to-suit logistics facilities across major U.S. markets.
Prologis Chief Financial Officer Timothy D. Ardnt emphasized that the new partnerships will enhance the company’s ability to invest at scale. He said:
“Through our Strategic Capital platform, new partnerships with GIC and La Caisse will expand our access to capital and enhance our ability to invest at scale while preserving balance sheet strength and financial flexibility. Even amid an uncertain geopolitical environment, this combination of strong execution and capital strength underpins our increased Core FFO outlook.”
According to 24 analyst ratings compiled by CNN, 58% rated Prologis Buy, while 42% rated it Hold. As of May 1, Prologis has a median price target of $154, an 8.90% upside from the current price of $141.41.
Prologis, Inc. (NYSE:PLD) creates intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. The company leases modern logistics facilities to a diverse base of approximately 6,500 customers principally across two major categories: business-to-business and retail/online fulfillment.
3. Digital Realty Trust, Inc. (NYSE:DLR)
Potential Upside: 9.62%
Number of Hedge Fund Holders: 43
Digital Realty Trust, Inc. (NYSE:DLR) is one of the best digital infrastructure REITs to buy according to analysts. Based on a report by TheFly on April 27, Scotiabank analyst Maher Yaghi raised the price target on Digital Realty to $222 from $195 while maintaining an Outperform rating on the stock, driven by the strong demand for digital infrastructure.
The analyst remains bullish on Digital Realty’s prospects for this year, mainly due to its operational strengths and role as a key player in building AI infrastructure. Similarly, JPMorgan also raised its price target on Digital Realty to $230 from $210 while keeping an Overweight rating on the shares. It cited Digital Realty’s first-quarter results as strong, noting that the firm is seeing strong bookings driven by enterprise AI demand and hyperscale AI inference.
On April 23, Digital Realty reported a 16% gain in total revenues for the first quarter of the year to $1.6 billion. Net income during the period registered at $175 million, while net income available to common stockholders stood at $169 million.
“Digital Realty saw a further acceleration in data center demand and our growth trajectory in the first quarter, with record 0–1 megawatt plus interconnection leasing and the largest hyperscale lease in company history, which contributed to double-digit growth in Core FFO per share. We are swiftly advancing hyperscale AI-oriented capacity in the U.S., growing our connectivity-rich portfolio across key global markets, and broadening our capital base to prudently extend Digital Realty’s runway for growth,” Digital Realty President and Chief Executive Officer Andy Power said.
Based on 33 analyst ratings compiled by CNN, Digital Realty has an average price target of $220, representing a 9.62% upside from the current price of $200.70.
Digital Realty (NYSE:DLR) claims to be the world’s largest cloud- and carrier-neutral data center colocation platform. Its global data center platform, called PlatformDIGITAL, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation, from cloud and digital transformation to emerging technologies like artificial intelligence (AI), and efficiently managing data gravity challenges.
2. Equinix, Inc. (NASDAQ:EQIX)
Potential Upside: 10.60%
Number of Hedge Fund Holders: 51
Equinix, Inc. (NASDAQ:EQIX) is one of the best digital infrastructure REITs to buy according to analysts. On May 1, Truist raised its price target on Equinix to $1,215 from $1,127 and maintained a Buy rating on the shares following the announcement of the company’s first quarter financial results, according to a report by TheFly.
Earlier, on April 30, Cantor Fitzgerald reiterated its Buy rating on Equinix, setting a price target of $1,186.00, according to a report by TipRanks. Similarly, Citi also assigned a Buy rating on Equinix with a price target of $1,240.00. According to 32 analyst ratings compiled by CNN, 78% rated Equinix Buy, while 19% rated it Hold. As of May 1, Equinix has a median price target of $1,200, a 10.60% upside from the current price of $1,085.03.
For the first quarter of the year, Equinix posted a 10% rise in its net income to $2.44 billion, while it registered a 21% jump in its net income to $415 million, mainly driven by higher operating income.
Equinix President and CEO Adaire Fox-Martin said the company’s first quarter results reflect its continued strength across the business. In a press statement, she added:
“We delivered double-digit recurring revenue growth whilst improving our margins as we capitalise on robust customer demand for our AI, cloud and networking solutions. We are raising our 2026 financial outlook based on the underlying strength of our Q1 performance and disciplined execution by our teams. The essential infrastructure we provide is enabling companies to accelerate innovation and enhancing our market position.”
For the second quarter of 2026, Equinix is projecting revenue to range between $2.571 and $2.611 billion, up 6% at the midpoint from the previous quarter. For the full year of 2026, the company expects total revenues to rise 10% to 11% to a range of $10.144 to $10.244 billion.
On April 15, Equinix launched its Fabric Intelligence product, which automates how AI workloads connect and operate across clouds, data centers, and edge environments. The company explained that the distributed systems run reliably without constant manual effort, freeing teams to focus on strategic business priorities, such as building new AI capabilities and scaling operations.
Equinix, Inc. (NASDAQ:EQIX) is a digital infrastructure and data center company that provides colocation, interconnection, and cloud services to businesses worldwide.
1. American Tower Corporation (NYSE:AMT)
Potential Upside: 15.63%
Number of Hedge Fund Holders:71
American Tower Corporation (NYSE:AMT) is one of the best digital infrastructure REITs to buy according to analysts. Based on a report by TheFly in April, Raymond James raised its price target on American Tower to $240 from $229 while maintaining a Strong Buy rating on the shares, as the company’s first-quarter results beat expectations.
Similarly, Truist analyst Matthew Niknam also increased the price target on American Tower to $208 from $205 while keeping a Buy rating on the stock after the company released its Q1 earnings report.
On April 28, American Tower reported a 6.8% gain in total revenue to $2.74 billion in the first quarter of the year, with total property revenue growing 7.3% to $2.67 billion. Additionally, net income also increased 76.2% to $879 million. American Tower Chief Executive Officer Steve Vondran emphasized that the company’s structural growth drivers continue to strengthen. He added:
“We had an excellent start to 2026. The structural growth drivers of our business continue to strengthen, with rising mobile data consumption, accelerating cloud adoption and the rapid expansion of AI-driven workloads all pointing toward sustained investment in high-quality digital infrastructure. I believe American Tower is now operating from its strongest strategic position in more than a decade, reflecting the actions we’ve taken to strengthen our balance sheet, reduce risk and enhance the quality and predictability of our earnings. With a best-in-class portfolio of towers and interconnection-rich data centers, we are well positioned to drive durable growth, expand margins and deliver attractive long-term value for our shareholders.”
With its positive first-quarter results, the company is making upward adjustments in its full-year financial guidance. For 2026, American Towers is now projecting total property revenue to be in the range of $10.585 billion to $10.735 billion, an approximately 3.4% growth. This is higher than the previous guidance for the year of $10.440 billion to $10.590 billion. Additionally, the company set net income guidance of $3.015 billion to $3.095 billion, representing 16.2% growth.
Based on 27 analyst ratings compiled by CNN, American Tower has an average price target of $210, a 15.63% upside from the current price of $181.61.
American Tower Corporation (NYSE:AMT) is a leading independent owner, operator, and developer of multitenant communications real estate with a portfolio of nearly 150,000 communications sites and a highly interconnected footprint of U.S. data center facilities.
While we acknowledge the potential of AMT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMT and that has 100x upside potential, check out our report about the cheapest AI stock.
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