7/104 sources · 3 publishersUpdated Oct 12, 14:48 UTC
Citi upgrades Blackstone Digital Infrastructure Trust to Buy and trims price target
Citi Research raised its rating on Blackstone Digital Infrastructure Trust (BXDC) from Neutral to Buy on October 12, 2026. The firm also reduced its target price to $20.00, down from $23.00. Following the note, the REIT’s shares rose about 1.7% in pre‑market trading, reaching $16.95.
Why it matters
The lower target signals Citi’s more modest expectations for future price appreciation, which may temper investor enthusiasm despite the rating upgrade. The rating change could attract buy‑side interest, while the reduced target may limit upside expectations for current shareholders.
Key facts
- 1Citi Research changed its rating on BXDC from Neutral to Buy on 2026‑10‑12. gurufocus.com
- 2The price target was cut to $20.00, previously $23.00. gurufocus.com
- 3Pre‑market trading showed a 1.74% increase to $16.95. gurufocus.com
- 4BXDC’s trailing twelve‑month P/E ratio is 118.16×. gurufocus.com
- 5The GF Score reported by GuruFocus is 14 out of 100. gurufocus.com
- 6Insiders bought a net $191.2 million of BXDC shares over the past 12 months, with no selling. gurufocus.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.