Digital Realty Trust Inc's stock surged 5.39% during the intraday session, reflecting strong positive momentum for the data center real estate investment trust.
The significant price increase appears to be driven by optimistic analyst sentiment. Multiple financial institutions have expressed bullish views on the company, with J.P. Morgan maintaining a Buy rating and a $210 price target, while other analysts have highlighted Digital Realty as a favored stock in the real estate sector.
This wave of positive analyst coverage has bolstered investor confidence, leading to increased buying activity and the substantial upward movement in the stock's price.
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