Blackstone Digital Infrastructure Trust (NYSE:BXDC) Upgraded by Sanford C. Bernstein to Strong-Buy Rating

Sanford C. Bernstein upgraded shares of Blackstone Digital Infrastructure Trust (NYSE:BXDC) to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports.

Several other equities analysts have also recently issued reports on the company. Royal Bank Of Canada initiated coverage on Blackstone Digital Infrastructure Trust in a report on Monday. They issued an “outperform” rating and a $24.00 price target on the stock. Citigroup initiated coverage on Blackstone Digital Infrastructure Trust in a report on Monday. They issued a “neutral” rating and a $23.00 price target on the stock. Barclays initiated coverage on Blackstone Digital Infrastructure Trust in a report on Monday. They issued an “overweight” rating and a $24.00 price target on the stock. Bank of America initiated coverage on Blackstone Digital Infrastructure Trust in a report on Monday. They issued a “neutral” rating and a $22.50 price target on the stock. Finally, Wells Fargo & Company initiated coverage on Blackstone Digital Infrastructure Trust in a report on Monday. They issued an “overweight” rating and a $26.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.86.

Blackstone Digital Infrastructure Trust Stock Up 1.1%

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

Insider Activity

In related news, Director Katharine A. Keenan bought 25,000 shares of Blackstone Digital Infrastructure Trust stock in a transaction on Friday, May 15th. The shares were purchased at an average price of $20.00 per share, for a total transaction of $500,000.00. Following the completion of the acquisition, the director owned 25,000 shares in the company, valued at approximately $500,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Diane M. Morefield bought 5,000 shares of Blackstone Digital Infrastructure Trust stock in a transaction on Friday, May 15th. The shares were bought at an average price of $20.00 per share, for a total transaction of $100,000.00. Following the acquisition, the director owned 12,500 shares of the company’s stock, valued at approximately $250,000. The trade was a 66.67% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 9,557,295 shares of company stock valued at $191,145,900.

Blackstone Digital Infrastructure Trust News Roundup

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