The bank upgraded the stock to overweight from neutral and raised its price target to $25 from $19.
DBRG YTD mountain DigitalBridge stock has climbed more than 51% from the start of the year.
"The transformed DigitalBridge is a direct way for investors to benefit from digital infrastructure investment management on a global basis without being fully invested to one vertical or region," Choe said.
"Investors are looking for focused alternative asset managers and digital infrastructure is highly attractive given long-term growth prospects, scale and return potential."
"We believe DBRG will be able to raise capital in a more stable financial environment as rates level off and digital infrastructure gains broader appeal to pension, sovereign wealth and other infrastructure funds," he said.
Persons:
DigitalBridge, Richard Choe, Choe, DBRG, Michael Bloom
Organizations:
JPMorgan