- Iron Mountain Incorporated (IRM) Posts Q1 Results, Data Center Revenue Up 47% Year-Over-Year
May 13, 2026
Iron Mountain Incorporated (NYSE:IRM) is one of the Best Data Center REITs to Buy According to Analysts.. It is an REIT that specializes in information management services, operating through its Global Records and Information Management (RIM) and Global Data Center segments.
Recently, on May 1, Truist analyst Tobey Sommer raised the firm’s price target for Iron Mountain Incorporated (NYSE:IRM) from $130 to $140 and maintained a Buy rating on the shares. The rating follows the company’s fiscal Q1 2026 earnings, released on April 30. During the quarter, the company posted $1.94 billion in revenue, up 21.58% year-over-year and ahead of expectations by $74.59 million. Moreover, the GAAP EPS of $0.48 also topped the expectations by $0.06.
Notably, the Data Center revenue for the quarter grew 47% year-over-year to $255 million, driven by an increase in leasing, pricing, and power ramping. Truist noted that the data center lease trend is expected to drive the stock price higher due to a larger total addressable market.
The company leased 22 megawatts in Q1 and an additional 10 megawatts in April. Management expects to exceed the guidance of more than 100 megawatts.
While we acknowledge the potential of IRM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best Stocks to Buy While the Market Is Down and 8 Best Quantum Computing Stocks to Buy and Hold for 10 Years.
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- Truist to speak at Bernstein Annual Strategic Decisions Conference
May 12, 2026
CHARLOTTE, N.C., May 12, 2026 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chairman and Chief Executive Officer Bill Rogers will speak at the Bernstein Annual Strategic Decisions Conference on Thursday, May 28, 2026, at 11 am ET.Truist logo (PRNewsfoto/Truist)
A live audio webcast will be available on the day of the conference at ir.truist.com under Events & Presentations. A replay of the webcast will be available on the website for 30 days.
About Truist Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top 10 commercial bank with $549 billion as of March 31, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.Cision
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- Truist Raises PT on ONEOK (OKE) Stock
May 12, 2026
ONEOK, Inc. (NYSE:OKE) is one of the Best Stocks Under $100 to Invest In Now. On May 4, Truist analyst Gabe Daoud lifted its price objective on the company’s stock to $93 from $91 and kept a “Hold” rating on the shares. This came as part of the broader research note covering the midstream energy names after the results for Q1. As per the analyst, the overall quarter was characterized by spread optimization, which drove improved financials and raises in guidance numbers.Truist Raises PT on ONEOK (OKE) Stock
In a separate release, on April 28, ONEOK, Inc. (NYSE:OKE) announced its higher Q1 2026 results and an increased 2026 financial guidance, with 12% growth in net income to $776 million, leading to $1.23 per diluted share. For FY 2026, the company increased its net income guidance to the midpoint of $3.5 billion. The guidance for earnings per diluted share rose to the midpoint of $5.53, while adjusted EBITDA guidance has been increased to the midpoint of $8.25 billion.
The improvement in guidance numbers demonstrates healthy business segment performance and increased opportunities throughout ONEOK, Inc. (NYSE:OKE)’s system.
ONEOK, Inc. (NYSE:OKE) is a midstream operator, which is engaged in providing gathering, processing, fractionation, transportation, storage, and marine export services.
While we acknowledge the potential of OKE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best FMCG Stocks to Invest In According to Analysts and 11 Best Long-Term Tech Stocks to Buy According to Analysts.
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- Truist to speak at Bernstein Annual Strategic Decisions Conference
May 12, 2026 · prnewswire.com
CHARLOTTE, N.C., May 12, 2026 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chairman and Chief Executive Officer Bill Rogers will speak at the Bernstein Annual Strategic Decisions Conference on Thursday, May 28, 2026, at 11 am ET.
- TRUIST TO SPEAK AT BERNSTEIN ANNUAL STRATEGIC DECISIONS CONFERENCE
May 12, 2026
CHARLOTTE, N.C., MAY 12, 2026 /PRNEWSWIRE/ -- TRUIST FINANCIAL CORPORATION (NYSE: TFC) TODAY ANNOUNCED THAT CHAIRMAN AND CHIEF EXECUTIVE OFFICER BILL ROGERS WILL SPEAK AT THE BERNSTEIN ANNUAL STRATEGIC DECISIONS CONFERENCE ON THURSDAY, MAY 28, 2026, AT 11 AM ET.
- Truist Cuts SoFi Price Target to $17: Loan Platform Slowdown Pressures the Bull Case
May 12, 2026
Quick Read
Truist analyst Matthew Coad cut its SoFi Technologies (SOFI) price target to $17 from $20, citing lower loan platform sales and softer Galileo technology platform demand. SoFi’s valuation multiple becomes harder to defend if diversification revenue streams falter simultaneously alongside the core banking business. The analyst who called NVIDIA in 2010 just named his top 10 stocks and SoFi Technologies wasn't one of them. Get them here FREE.
Truist analyst Matthew Coad lowered his price target on SoFi Technologies (NASDAQ:SOFI) stock to $17 from $20 on May 12, keeping a Hold rating as part of a broader Payments sector note following Q1 2026 results. The price target cut reflects lower sale assumptions for the loan platform business and softer expectations for SoFi's technology platform segment. For prudent investors, the call doesn't blow up the long-term thesis on SoFi Technologies, yet it does flag a real wrinkle in the diversification story.
SoFi stock opened the session weaker, with shares changing hands near $15.72, well below the $21.25 consensus analyst target. The reduced Truist target now sits between the current price and that Street consensus, signaling a more cautious near-term view.
Ticker Company Firm Action Old Rating New Rating Old Target New Target SOFI SoFi Technologies Truist Price target cut Hold Hold $20 $17
The Analyst's Case
Coad's note trims the Q2 2026 revenue forecast on lower sale assumptions for the loan platform business, where SoFi Technologies originates loans and sells them to institutional buyers. When buyer appetite cools, that fee stream compresses quickly.
The analyst who called NVIDIA in 2010 just named his top 10 stocks and SoFi Technologies wasn't one of them.Get them here FREE.
The second leg is the Galileo and Technisys technology platform, where Truist sees softer demand from fintech clients. SoFi's Q1 2026 already showed Technology Platform revenue down 27% year over year (YoY) to $75.09 million after a large client departure.
Company Snapshot
SoFi Technologies runs three lines: consumer banking (deposits, credit cards, lending), the Loan Platform Business that originates and sells loans for third parties, and the Galileo/Technisys infrastructure layer. Q1 2026 revenue hit $1.1 billion with EPS of $0.12.
Members grew 35% YoY to 14.7 million, and deposits reached $40.24 billion. SoFi Technologies CEO Anthony Noto called it "an excellent Q1 delivering another quarter of durable growth and strong returns."
Why the Move Matters Now
SoFi stock is down 40% year to date (YTD), well off its 52-week high of $32.73. The valuation isn't cheap either, with a P/E ratio of 36x and a forward P/E ratio of 26x.
Story Continues
That premium has been justified by the diversification story away from pure consumer lending. When two of those diversifying lines, loan platform sales and the Galileo technology stack, come under pressure together, the multiple becomes harder to defend, which is the heart of Truist's caution.
What It Means for Your Portfolio
The bull case on SoFi Technologies stock still rests on at least 30% member growth and management's reiterated FY2026 adjusted EPS guide of roughly $0.60. A rebound in institutional loan buying and fintech platform demand would re-rate the stock.
The bear case is exactly what Truist flagged: simultaneous pressure on two non-deposit revenue lines. With Wall Street split (8 Buy, 12 Hold, 4 Sell), measured position sizing looks reasonable while investors watch for whether SoFi Technologies' Q2 confirms or refutes the slowdown thesis.
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- Why The Narrative Around AerCap (AER) Is Shifting As Analysts Rework Targets And Assumptions
May 12, 2026
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AerCap Holdings is back in focus as analysts refresh their models and lift several price targets, with one key fair value estimate now sitting around US$163.78 compared with roughly US$162 before. Those shifts sit alongside a US$10 move in one major target to US$160 and a smaller US$5 trim elsewhere, reflecting both growing confidence and pockets of caution after recent Q4 updates. Read on to see what is driving these moves and how you can keep track of the evolving analyst story around this stock.
Stay updated as the Fair Value for AerCap Holdings shifts by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on AerCap Holdings.
What Wall Street Has Been Saying
🐂 Bullish Takeaways
TD Cowen, Susquehanna, Truist and Barclays each lifted their AerCap price targets by US$2 to US$5 after updating models on the back of Q4 results and management commentary. This signals constructive views on execution and the stock’s valuation support. The earlier move by Morgan Stanley to raise its target to US$160 from US$150 after Q4 reflects a view that the updated assumptions in its model justify a higher fair value anchor for the shares.
🐻 Bearish Takeaways
Morgan Stanley later reduced its AerCap price target by US$5. This points to some caution around the risk and reward trade off, even though the firm had previously raised the target following its Q4 review. The mix of both target increases and a recent trim suggests analysts are not uniformly aligned on AerCap’s medium term growth prospects or valuation. You may want to pay close attention to the assumptions behind each firm’s model rather than just the headline numbers.
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives!NYSE:AER 1-Year Stock Price Chart
We've flagged 3 risks for AerCap Holdings. See which could impact your investment.
What's in the News
Airlines are reassessing growth plans after a 10 day war in Iran, with some carriers temporarily putting aircraft purchases and leasing contracts on hold, which includes potential impacts for lessors such as AerCap. AerCap issued full year 2026 guidance indicating expected net income of US$1.8b. AerCap authorized new share repurchase programs running through December 31, 2026, including a Board approved plan in April 2026 and a separate authorization of up to US$1,000m funded by cash on hand and operating cash flows. Between January 1, 2026 and April 24, 2026, AerCap completed previously announced buybacks, repurchasing a combined 1,500,000 shares for US$959.75m across programs first announced in September and December 2025.
Story Continues
How This Changes the Fair Value For AerCap Holdings
Fair value estimate edges up to about US$163.78 from US$162. Modeled revenue growth now shows a 1.44% decline, compared with a 0.28% decline previously. Net profit margin assumption is now 23.77%, compared with 29.19% previously. Future P/E multiple is now 15.29x, compared with 12.47x previously. Assumed discount rate is now 13.56%, compared with 13.43% previously.
Never Miss an Update: Follow The Narrative
Narratives link a company's real world story to a financial forecast and fair value, so you can see how news and fundamentals connect. They update automatically when new data or research comes in.
Head over to the Simply Wall St Community and follow the Narrative on AerCap Holdings to stay up to date on:
How tight aircraft supply, OEM production delays, and strong demand for newer, fuel efficient jets feed into AerCap's lease rates, asset values, and margins. The role of spare engine leasing, MRO partnerships, and disciplined capital deployment in shaping AerCap's earnings profile and share count over time. Risks around potential future oversupply, leverage, concentrated airline customers, and any easing in today's supportive leasing conditions that could affect long term cash flows.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include AER.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- Analysts Raise SPX Technologies (SPXC) Price Target Following Positive Q1 Results
May 12, 2026
SPX Technologies, Inc. (NYSE:SPXC) is one of the 10 Best Industrial Stocks Benefiting from the Data Center Boom. On May 7, TheFly reported that JPMorgan increased its price target on SPX Technologies while maintaining an overweight rating on the stock following the company’s first-quarter earnings report.
Earlier, on May 4, Truist also raised its price target on SPX Technologies to $261 from $251 while reiterating a Buy rating on the stock, citing the company’s positive Q1 results.
In the first quarter of the year, SPX Technologies registered a 17.4% increase in revenues to $566.8 million while Adjusted EBITDA surged 22.9% to $126.1 million. SPX Technologies President and CEO Gene Lowe said the company continues to see healthy demand across its key end markets. He added:
“We continue to make meaningful progress on our investments in production capacity expansions that position us for sustained long-term growth in attractive end markets, including supporting the strong demand for our data center solutions. We are optimistic about the strength of customer demand and our operational momentum, and we remain well-positioned to navigate a changing tariff environment. With a solid demand backdrop and a robust pipeline of attractive acquisition opportunities, I remain highly confident in our ability to continue driving value for years to come.”
Out of 14 analyst ratings compiled by CNN, 93% rated SPX Technologies Buy, while 7% rated it Hold. As of May 8, the stock has a median price target of $267.50, a 31.88% upside from the current price of $202.84.
SPX Technologies, Inc. (NYSE:SPXC) is a diversified, global supplier of highly engineered products and technologies. The company is a leader in the HVAC and detection & measurement industries.
While we acknowledge the potential of SPXC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 8 Best Digital Infrastructure REITs to Buy According to Analysts and 10 Best AI Stocks to Watch in May
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- Truist announces redemption of senior notes due May 2027
May 11, 2026
CHARLOTTE, N.C., May 11, 2026 /PRNewswire/ -- Truist Bank (NYSE: TFC) today announced it will redeem all $1,250,000,000 principal amount outstanding of its fixed-to-floating rate senior notes due May 20, 2027, (CUSIP 89788JAE9) on the redemption date of May 20, 2026.Truist logo (PRNewsfoto/Truist)
The redemption price for the senior notes will be equal to 100% of the principal amount plus accrued and unpaid interest to, but excluding, the redemption date. Interest on the senior notes will cease to accrue on and after the redemption date.
Payment of the redemption price for the senior notes will be made through the facilities of The Depository Trust Company.
About Truist Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $549 billion as of March 31, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.Cision
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- Truist announces redemption of senior notes due May 2027
May 11, 2026 · prnewswire.com
CHARLOTTE, N.C., May 11, 2026 /PRNewswire/ -- Truist Bank (NYSE: TFC) today announced it will redeem all $1,250,000,000 principal amount outstanding of its fixed-to-floating rate senior notes due May 20, 2027, (CUSIP 89788JAE9) on the redemption date of May 20, 2026.
