Jul. 13 at 7:27 PM
BTIG initiated coverage of Digital Realty and Equinix with Buy ratings, saying both data center REITs are well positioned to benefit from the accelerating AI infrastructure buildout, strong hyperscaler demand, and limited power availability that continues to restrict new supply. The firm expects both companies to generate high-single-digit to low-double-digit FFO growth over the next several years as AI-driven demand for data center capacity remains robust.
BTIG assigned Digital Realty a
$215 price target, citing its portfolio of more than 300 data centers, a
$16.5 billion development pipeline, and substantial long-term expansion opportunities. Equinix received a
$1,210 price target, supported by its global platform, growing interconnection business, and large development pipeline. The firm also noted Equinix's expanded AI infrastructure partnership with Cisco and NVIDIA, further strengthening its exposure to the accelerating AI investment cycle.
$DLR $EQIX $CSCO $NVDA