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JMP INITIATES COVERAGE ON DIGITAL INFRASTRUCTURE STOCKS


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Published in Stocks and Investing on Monday, January 27th 2025 at 7:21 GMT by MSN   Print publication without navigation

  • JMP Securities initiated coverage on a group of companies in the digital infrastructure sector, assigning Market Outperform ratings to seven key players. The firms receiving this positive outlook include Digital Bridge (NYSE:DBRG),

JMP Securities has initiated coverage on several digital infrastructure companies, highlighting their potential in the evolving digital landscape. Analyst Erik Suppiger has set price targets and ratings for companies like Equinix, Digital Realty Trust, and Iron Mountain, among others. Equinix received an Outperform rating with a $900 price target, while Digital Realty Trust was given a Market Perform rating with a $155 target. Iron Mountain was also rated Outperform with a $93 target. The coverage emphasizes the growing demand for data centers, driven by cloud computing, AI, and IoT, which are expected to fuel these companies' growth. The report suggests that these firms are well-positioned to benefit from the increasing need for digital infrastructure, despite potential challenges like high capital expenditure and competition.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/jmp-initiates-coverage-on-digital-infrastructure-stocks/ar-AA1xW1SG ]

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