Blackstone Digital Infrastructure Trust (NYSE:BXDC) Upgraded to Hold at Moffett Nathanson

Moffett Nathanson upgraded shares of Blackstone Digital Infrastructure Trust (NYSE:BXDC) to a hold rating in a report issued on Monday morning,Zacks.com reports.

A number of other analysts also recently weighed in on the stock. Royal Bank Of Canada started coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They set an “outperform” rating and a $24.00 price target for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They set a “buy” rating and a $24.00 price target for the company. Citigroup started coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They set a “neutral” rating and a $23.00 price target for the company. JPMorgan Chase & Co. started coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They set a “neutral” rating and a $23.00 price target for the company. Finally, Bank of America started coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They set a “neutral” rating and a $22.50 price target for the company. Three equities 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.86.

Blackstone Digital Infrastructure Trust Price Performance

BXDC stock 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 Buying and Selling

In related news, insider Nicholas L. Pell bought 25,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were bought at an average cost of $20.00 per share, for a total transaction of $500,000.00. Following the completion of the purchase, the insider owned 25,000 shares of the company’s stock, valued at $500,000. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Diane M. Morefield bought 5,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was bought at an average price of $20.00 per share, for a total transaction of $100,000.00. Following the completion of the purchase, the director directly owned 12,500 shares of the company’s stock, valued at $250,000. The trade was a 66.67% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 9,557,295 shares of company stock valued at $191,145,900 in the last three months.

Blackstone Digital Infrastructure Trust News Summary

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