Latest Analyst Views on Coatue’s Favorite 33 AI Stocks

30. Digital Realty Trust, Inc. (NYSE:DLR)

Number of Hedge Fund Holders: 47      

Oppenheimer recently initiated coverage of Digital Realty Trust, Inc. (NYSE:DLR) with an Outperform rating and $200 price target. Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. In an investor note, the advisory noted that Digital Realty was one of the largest and now most diversified datacenter operators with over 300 locations and capacity of 2.8GW, 5% of the global total. In Oppenheimer’s opinion, Digital Realty was well positioned as a major beneficiary of AI and cloud megatrends with strong demand driving improved volumes and pricing. High demand datacenter clusters like Northern Virginia were operating at virtually 100% utilization, and the advisory also pointed out that the stock was trading below its five-year revenue multiple and in line on AFFO, despite the accelerating growth.