In a report released today, Michael Funk from Bank of America Securities maintained a Buy rating on Digital Realty, with a price target of $210.00. The company’s shares closed yesterday at $175.14.
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According to TipRanks, Funk is an analyst with an average return of -8.3% and a 35.00% success rate. Funk covers the Technology sector, focusing on stocks such as AST SpaceMobile, Guidewire, and Paycom.
Digital Realty has an analyst consensus of Moderate Buy, with a price target consensus of $195.80.
DLR market cap is currently $60.35B and has a P/E ratio of 46.38.
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DLR in relation to earlier this year. Last month, Andrew Power, the President & CEO of DLR sold 58,000.00 shares for a total of $10,158,996.14.
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