Blackstone Digital Infrastructure Trust (NYSE:BXDC) Rating Increased to Strong-Buy at Barclays

Barclays upgraded shares of Blackstone Digital Infrastructure Trust (NYSE:BXDC) to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

Other analysts have also recently issued reports about the stock. BNP Paribas Exane assumed coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday. They set an “outperform” rating and a $26.00 price objective for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday. They issued a “buy” rating and a $24.00 target price for the company. BMO Capital Markets assumed coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday. They issued a “market perform” rating and a $23.00 target price for the company. Moffett Nathanson assumed coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday. They issued a “neutral” rating and a $21.00 target price for the company. Finally, Bank of America assumed coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday. They issued a “neutral” rating and a $22.50 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.86.

Blackstone Digital Infrastructure Trust Stock Performance

Shares of NYSE BXDC opened at $22.07 on Monday. Blackstone Digital Infrastructure Trust has a 12 month low of $19.60 and a 12 month high of $22.90.

Insider Buying and Selling

In related news, Director Katharine A. Keenan purchased 25,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average price of $20.00 per share, with a total value of $500,000.00. Following the acquisition, the director owned 25,000 shares in the company, valued at $500,000. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Diane M. Morefield purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average cost of $20.00 per share, with a total value of $100,000.00. Following the acquisition, the director owned 12,500 shares in the company, valued at $250,000. This represents a 66.67% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 9,557,295 shares of company stock worth $191,145,900 in the last 90 days.

Key Stories Impacting Blackstone Digital Infrastructure Trust

Here are the key news stories impacting Blackstone Digital Infrastructure Trust this week:

• Positive Sentiment: Wells Fargo upgraded BXDC to strong-buy, signaling increased confidence in the company’s outlook. Zacks.com
• Positive Sentiment: Sanford C. Bernstein also upgraded BXDC to strong-buy, adding to the bullish tone from Wall Street. Zacks.com
• Positive Sentiment: Barclays upgraded BXDC to strong-buy, reinforcing expectations for upside in the stock. Zacks.com
• Positive Sentiment: Royal Bank of Canada raised BXDC to moderate buy, another positive signal for the shares. Zacks.com
• Neutral Sentiment: Moffett Nathanson and BMO Capital Markets both moved BXDC to hold, suggesting some analysts see limited near-term upside. Zacks.com
• Neutral Sentiment: Bank of America and JPMorgan initiated coverage with neutral ratings and price targets modestly above the current share price, pointing to a mixed but stable outlook. Benzinga
• Neutral Sentiment: Recent commentary notes that Wall Street is divided on BXDC’s newest AI infrastructure bet, reflecting uncertainty about how the strategy will translate into performance. Yahoo Finance