DLR Price Prediction Next Week
Technical Analysis: Based on the technical indicators, DLR is currently in a consolidation phase after reaching recent highs. The RSI at 50.98 indicates neutral momentum , suggesting neither overbought nor oversold conditions.
The Fibonacci levels show key support at $171.91 and resistance at $185.44, with the pivot point at $178.68. The stock is currently trading near $179.49, slightly above the pivot point but below the first resistance level.
News Sentiment Analysis: Recent news has been generally positive for DLR:
- The company is involved in The Stargate Project with SoftBank and OpenAI, which could provide a short-term boost according to Goldman Sachs analyst Kash Rangan
- Multiple analysts have increased price targets in January 2025, showing growing optimism for the data center space
- The stock has received significant investor interest ahead of upcoming developments
Price Prediction for Next Week: Based on technical and sentiment analysis, here's the price forecast:
Target Price Range: $182-186
- Support levels: $171.91, $167.73
- Resistance levels: $185.44, $189.62
Recommendation: BUY Rationale:
- Strong institutional backing with The Stargate Project
- Multiple positive analyst revisions
- Technical indicators showing potential upward momentum from current consolidation
- Growing demand in the data center space
Entry point: Current price ($179.49) Stop loss: $175.50 (below immediate support) Take profit: $185.44 (first resistance level)
The stock shows potential for upward movement next week based on positive catalysts and technical setup, though traders should maintain strict stop losses due to broader market volatility.
DLR Similar Chart Price Prediction
The price of DLR is predicted to go up -0.59%, based on the high correlation periods with IROQ. The similarity of these two price pattern on the periods is 93.61%.
DLR
IROQ
Down: -0.59%Similarity: 93.61%
DLR Revenue Forecast
DLR EPS Forecast
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DLR VS S&P500
Digital Realty's shift toward connection and co-location exposes it to the most attractive parts of the data center business and the growth tailwinds of cloud providers and data connectivity.
Digital Realty's global offering and high exposure to cloud providers gives it an advantage over competitors that operate in more narrow geographies or can only offer retail co-location space.
Internet of Things, artificial intelligence, and other innovations that increase the public's demand for data and connectivity require more hardware and connections in data centers.
DLR Analyst's Forecast
Maher Yaghi
Scotiabank
Hold
Price Target
$178 → $208
Upside
+13.35%
Scotiabank analyst Maher Yaghi raised the firm's price target on Digital Realty to $208 from $178 and keeps a Sector Perform rating on the shares. The firm has updated its earnings estimates and targets for companies it covers in the TMT Infrastructure sector, the analyst tells investors. The firm remains bullish on data center stocks and neutral on tower operators. Additionally, Scotiabank expects 2025 to show continued strong growth in data center activity and to be another "solid year" in core leasing and capacity expansion. The firm believes Digital Realty is well positioned to maintain momentum.
Matthew Niknam
Deutsche Bank
Hold → Strong Buy
Price Target
$185 → $194
Upside
+10.91%
John Hodulik
UBS
Hold → Strong Buy
Price Target
$147 → $205
Upside
+13.96%