In a report released yesterday, Jonathan Atkin from RBC Capital maintained a Hold rating on Array Digital Infrastructure, with a price target of $40.00.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
Atkin covers the Real Estate sector, focusing on stocks such as Crown Castle, American Tower, and SBA Communications. According to TipRanks, Atkin has an average return of 9.8% and a 63.18% success rate on recommended stocks.
Currently, the analyst consensus on Array Digital Infrastructure is a Moderate Buy with an average price target of $47.00.
Based on Array Digital Infrastructure’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $52.01 million and a net profit of $178.19 million. In comparison, last year the company earned a revenue of $891 million and had a net profit of $18 million
