Digital Realty Trust is trading 6.8% up at $213.76 after HSBC upgraded the shares from Hold to Buy and raised its price target from $210 to $240.
- The analyst cited strong demand-supply dynamics, execution, earnings prospects, and a healthy backlog.
- The move extends bullish momentum following record second-quarter results and a higher 2026 Core FFO outlook.
- Broader markets are mixed-to-firmer, while the upgrade appears the clearest catalyst for the pre-market jump.