Array Digital Infrastructure (NYSE:AD) Price Target Cut to $54.00 by Analysts at Royal Bank Of Canada

Array (NYSE:AD) reported Q1 revenue of $52.01M, up 92.8% YoY but 3.9% below analysts’ expectations, and the company also missed EPS and revenue estimates; shares were up 6.5% to $52.52. Globalstar (NASDAQ:GSAT) revenue was $70.06M, up 16.7% YoY, 0.7% below expectations, with EPS and revenue misses; stock rose 1.3% to $82.55. Iridium (NASDAQ:IRDM) revenue was $219.1M, up 1.9% YoY, 0.9% below expectations, also missing EPS and revenue; shares rose 29.7% to $52.38.

JPMorgan maintained an Overweight rating on Array Digital Infrastructure (NYSE:AD) but cut its price target to $54 from $60 on May 26, 2026, citing strong tower momentum and progress in spectrum monetization. The firm updated its sum-of-the-parts valuation. Array reported Q1 continuing-ops EPS of $2.08 and revenue of $52.0M. For FY26, it expects revenue and adjusted EBITDA of $200M-$215M and capex of $25M-$35M.

On May 26, analysts adjusted price targets across multiple stocks. Royal Bank raised AutoCanada to C$23. JPMorgan cut Array Digital Infrastructure to $54 and Amentum to $31, but raised Analog Devices to $450. Other changes included BofA lifting Ciena to $660 and Cisco to $135, and Stifel trimming CAE to C$47.

Raymond James has downgraded Array Digital Infrastructure Inc (AD) from Outperform to Market Perform, indicating a cautious outlook. The stock is considered significantly overvalued with a GF Value of $5.15 against a current price of $55.77, and its P/E ratio is substantially higher than its historical median. Despite moderate financial strength and momentum, the valuation raises concerns for investors.

Array Digital (AD) CEO Anthony J. Carlson exercised equity awards, converting 1,742 restricted stock units and 4,150 performance share units into a total of 5,892 common shares. The shares were valued at $48.00 each, based on the prior trading day's closing price. Following tax withholding for 1,728 shares, Carlson now directly holds 13,093 common shares, with no open-market purchases or sales reported.

This article provides a comprehensive resource for SEC filings related to Array Digital Infrastructure, Inc. 5.500% Senior Notes due 2070 (UZE). It highlights key regulatory documents such as 10-K, 10-Q, 8-K forms, and proxy statements, detailing significant corporate changes like the sale of United States Cellular Corporation's wireless operations to T-Mobile and Array's subsequent focus on a tower business. The page also features a list of recent 8-K and Form 3 filings, along with the current stock price of UZE.