The bank upgraded the stock to overweight from neutral and raised its price target to $25 from $19.
JPMorgan's new forecast implies more than 51% upside from Wednesday's close. DigitalBridge has climbed roughly 51% from the start of the year. The company invests in businesses including cellphone towers, data centers as well as fiber networks.
mountain DigitalBridge stock has climbed more than 51% from the start of the year. Analyst Richard Choe said the company is largely done with a "transformation of the business" and is now focused on simplifying operations. He added that investors can gain exposure to a multitude of digital infrastructures without being hyper-focused on one industry or area.
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