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Digital Realty (DLR) Gets a Buy from Truist Financial

Tipranks - Tipranks - Thu Jun 25, 7:00AM CDT

Truist Financial analyst Matthew Niknam maintained a Buy rating on Digital Realty today and set a price target of $225.00.

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According to TipRanks, Niknam is a 4-star analyst with an average return of 4.8% and a 58.56% success rate. Niknam covers the Technology sector, focusing on stocks such as Corning, Cisco Systems, and Motorola Solutions.

In addition to Truist Financial, Digital Realty also received a Buy from BMO Capital’s Ari Klein in a report issued on June 22. However, on the same day, Morgan Stanley maintained a Hold rating on Digital Realty (NYSE: DLR).

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Based on Digital Realty’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.64 billion and a net profit of $179.27 million. In comparison, last year the company earned a revenue of $1.41 billion and had a net profit of $109.97 million

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