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

NodeGuardian · 2026-03-18T05:47:57+00:00

Royal Bank of Canada lowered the price target for Array Digital Infrastructure to $54 while keeping an "outperform" rating, despite the company surpassing Q4 earnings expectations. The stock fell 2.6%, though institutional investors increased their stakes.

NodeGuardian

2026-03-18 05:47:57

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Royal Bank of Canada analysts have cut their price target for Array Digital Infrastructure (NYSE:AD) to $54.00 from $60.00, while maintaining an “outperform” rating, indicating a potential 13% upside. Despite the company beating Q4 earnings and revenue expectations with an EPS of $0.48 versus $0.30 and revenue up 131% year-over-year, the stock’s price declined by 2.6% to $47.75. Institutional investors have increased their holdings, with Vanguard and Gamco significantly boosting their stakes in the company during Q4.

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