In a report released yesterday, Matthew Niknam from Deutsche Bank maintained a Buy rating on DigitalBridge Group (DBRG – Research Report), with a price target of $20.00. The company’s shares closed yesterday at $16.75.
According to TipRanks, Niknam is ranked #2726 out of 8488 analysts.
Currently, the analyst consensus on DigitalBridge Group is a Strong Buy with an average price target of $21.58, implying a 28.84% upside from current levels. In a report released on September 28, J.P. Morgan also upgraded the stock to a Buy with a $25.00 price target.
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Based on DigitalBridge Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $234.75 million and a GAAP net loss of $8.66 million. In comparison, last year the company earned a revenue of $234.25 million and had a GAAP net loss of $21.56 million
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DigitalBridge Group (DBRG) Company Description:
DigitalBridge is a leading digital infrastructure firm. It invests and operates businesses across the digital ecosystem, which includes data centers, cell towers, fiber, edge infrastructure, and small cells.
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