Deutsche Bank (DE:DBKGn) analyst Matthew Niknam reiterated a Buy rating on Digital Realty (NYSE:DLR) on Monday, setting a price target of $167, which is approximately 5.36% above the present share price of $158.5.
Niknam expects Digital Realty to post earnings per share (EPS) of $0.00 for the second quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in Digital Realty, with an average price target of $160.2.
The analysts price targets range from a high of $177 to a low of $140.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $1.09 billion and a net profit of $206.64 million. The company's market cap is $44.63 billion.
According to TipRanks.com, Deutsche Bank analyst Matthew Niknam is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 14.2% and a 77.66% success rate.
California-based Digital Realty Trust, Inc. is a real estate investment trust, which provides data center, colocation and interconnection solutions for domestic and international customers. The company serves across a variety of industry verticals ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.