Deutsche Bank initiated coverage on Blackstone Digital Infrastructure Trust (BXDC) with a buy rating. The bank set a price target of $24.00 per share. BXDC operates as a blank check company focused on acquiring stabilized U.S. hyperscale data centers.
Analysts cite a large addressable market and strong demand from developers selling stabilized assets. The initiation follows a recent initial public offering that raised $2 billion. Other financial institutions recently issued ratings ranging from outperform to neutral. These firms established price targets between $22.50 and $26.00.