DigitalBridge Downgraded to Hold at Truist as SoftBank Deal Limits Upside

DigitalBridge has become a major topic in the stock market after Truist Securities downgraded the company to Hold. The downgrade followed SoftBank’s announcement to acquire DigitalBridge in an all-cash deal valued at around $4 billion. While the deal offers certainty and near-term value to shareholders, analysts now believe the stock has limited room to move higher from current levels.