Blackstone Digital Infrastructure Trust (NYSE:BXDC) Upgraded by Wells Fargo & Company to Strong-Buy Rating

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

A number of other research analysts have also commented on the company. JPMorgan Chase & Co. began coverage on Blackstone Digital Infrastructure Trust in a report on Monday. They issued a “neutral” rating and a $23.00 price objective on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Blackstone Digital Infrastructure Trust in a report on Monday. They issued a “buy” rating and a $24.00 price objective on the stock. Barclays assumed coverage on Blackstone Digital Infrastructure Trust in a report on Monday. They set an “overweight” rating and a $24.00 target price on the stock. BNP Paribas Exane assumed coverage on Blackstone Digital Infrastructure Trust in a report on Monday. They set an “outperform” rating and a $26.00 target price on the stock. Finally, Citigroup assumed coverage on Blackstone Digital Infrastructure Trust in a report on Monday. They set a “neutral” rating and a $23.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Blackstone Digital Infrastructure Trust has a consensus rating of “Moderate Buy” and a consensus price target of $23.86.

Blackstone Digital Infrastructure Trust Price Performance

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

Insider Activity

In other news, major shareholder Treasury Holdings I. Blackstone purchased 9,486,795 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average cost of $20.00 per share, with a total value of $189,735,900.00. Following the completion of the purchase, the insider owned 9,111,800 shares of the company’s stock, valued at $182,236,000. This trade represents a -2,529.85% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Nicholas L. Pell purchased 25,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were purchased 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 directly owned 25,000 shares of the company’s stock, valued at approximately $500,000. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 9,557,295 shares of company stock valued at $191,145,900.

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