SoftBank in Advanced Talks to Acquire DigitalBridge, Shares Surge 50%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: Newsfilter
- Acquisition Negotiations: According to media reports, SoftBank is in advanced talks to acquire New York-listed DigitalBridge, with an announcement expected as soon as Monday, indicating SoftBank's intent to expand in the data center investment sector.
- Stock Surge: Following this news, DigitalBridge's shares surged by 50% in premarket trading on Monday, reflecting market optimism regarding the deal and investor confidence in the company's future prospects.
- Strong Market Reaction: The acquisition news has garnered widespread attention from investors, suggesting a positive market sentiment towards SoftBank's strategic positioning in the data infrastructure sector, which may further drive consolidation in the industry.
- Industry Consolidation Trend: SoftBank's acquisition move could not only enhance its market position in data center investments but also prompt other investors to accelerate their strategies in this rapidly growing market.
DBRG
$13.92+Infinity%1D
Analyst Views on DBRG
Wall Street analysts forecast DBRG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DBRG is 17.50 USD with a low forecast of 12.50 USD and a high forecast of 20.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 13.620
Low
12.50
Averages
17.50
High
20.00
Current: 13.620
Low
12.50
Averages
17.50
High
20.00
About DBRG
DigitalBridge Group, Inc. is a global investment manager in digital infrastructure, deploying and managing capital across the digital ecosystem, including data centers, cell towers, fiber networks, small cells, and edge infrastructure. Its investment management platform is anchored by its value-added funds within the DigitalBridge Partners (DBP) infrastructure equity series. Its investment offerings also include core equity, credit and liquid securities. The DBP series of funds focuses on value-added digital infrastructure, investing in and building businesses across the digital infrastructure sector. Core Equity invests in digital infrastructure businesses and assets with long-duration cash flow profiles, primarily in more developed geographies, through its Strategic Assets Fund (SAF). DigitalBridge Credit is a private credit strategy that delivers credit solutions to corporate borrowers in the digital infrastructure sector globally through credit financing products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
