Truist Lifts PT on DigitalBridge Group (DBRG) to $15 From $13
DigitalBridge Group, Inc. (NYSE:DBRG) is one of the 13 Small Cap Stocks Analysts Are Bullish On. On June 3, Truist raised the firm's price target on DigitalBridge Group, Inc. (NYSE:DBRG) to $15 from $13, keeping a Buy rating on the shares. The rating update came as a part of a broader research note on REITs.
Aerial view of a city skyline, with many buildings owned by the real estate arm of the company.
The firm told investors in the research note that it is updating its model, primarily due to fiscal Q1 results, expense assumptions, and adjusted revenue growth.
DigitalBridge Group, Inc. (NYSE:DBRG) released fiscal Q1 2025 results consistent with its 2025 objectives, with total revenues of $45 million. It reported free revenue of $90 million, up 24% year-over-year, supported by fundraising for DBP Flagship. Fee-Related Earnings (FRE) for fiscal Q1 2025 reached $35 million, reflecting a 79% year-over-year growth.
The company also experienced strategic growth across its portfolio through the $4.5 billion acquisition of Crown Castle Fiber business by DigitalBridge Group, Inc. (NYSE:DBRG) portfolio company Zayo. The acquisition is expected to support Zayo in serving the rising AI-led connectivity demand, particularly in key metro markets.
DigitalBridge Group, Inc. (NYSE:DBRG) is a global alternative asset manager that invests in digital infrastructure. The company focuses on business operations across the digital ecosystem, including data centers, cell towers, small cells, fiber, and edge infrastructure. Its operations are divided into the following segments: Investment Management, Operating, and Corporate and Other.
While we acknowledge the potential of DBRG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
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