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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAmid surging demand for AI infrastructure, Cantor Fitzgerald has raised its price target for Digital Realty Trust from $211 to $221 while maintaining an Overweight rating. This adjustment follows the company's strong Q2 2026 financial performance, which featured nearly 19% revenue growth and a record $1.9 billion backlog. These results highlight the company's robust financial health and its successful capture of expanding data center demand.
Per market data, Digital Realty (DLR) shares closed at $193.18 on July 28, 2026, after reaching an intraday high of $196.65. The analyst's bullish outlook is further supported by the company reporting record Core FFO per share, reinforcing its position within the tech infrastructure sector. Analysts note that the current growth momentum is directly tied to the high demand for specialized computing facilities required for artificial intelligence applications.
Looking ahead, traders are watching for the stock to maintain levels above the $190.69 support established during the July 28, 2026 session. With no immediate sector-specific catalysts in the upcoming economic calendar, market attention will likely remain focused on the company's execution in converting its substantial backlog into realized cash flow through the remainder of the year.