Truist Analyst has a Positive Stance on Digital Realty Trust (DLR)

Digital Realty Trust, Inc. (NYSE:DLR) is one of the best dividend stocks in the real estate sector. On November 5, Truist analyst Anthony Hau reiterated a Buy recommendation on Digital Realty Trust, assigning a price target of $200.

In a different update, dated November 19, Digital Realty partnered with Schneider Electric, undertaking a $373 million Supply Capacity Agreement to provide data center power equipment, including Uninterruptible Power Supply systems, Low Voltage Switchgear, and Pre-Fabricated Skids. This equipment will bolster Digital Realty Trust, Inc. (NYSE:DLR)’s capacity to cater to the expanding data center demand, particularly because of AI use cases.

Digital Realty is benefiting from this agreement in terms of higher manufacturing prowess, a purpose-built switchgear assembly line, and economies of scale. This is on top of maintaining a flexible, multi-vendor process.

Digital Realty and Schneider Electric have previously partnered on power solutions, and this new deal broadens that work into prefabrication and switchgear. The companies announced this partnership during Schneider Electric’s Las Vegas-based Innovation Summit North America, where 2,500+ industry professionals met to talk about energy solutions.

Digital Realty Trust, Inc. (NYSE:DLR) is a specialty REIT that owns, develops, and manages data centers, serving many industries including cloud computing, finance, energy, and healthcare in the United States and internationally.

While we acknowledge the risk and potential of DLR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DLR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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