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Investing.com - RBC Capital has lowered its price target on Array Digital Infrastructure (NYSE:AD) to $56.00 from $62.00 while maintaining an Outperform rating on the stock. Array shares currently trade at $46.79, near their 52-week low of $44.03, and at a P/E ratio of 21.92, according to InvestingPro data.
The adjustment comes as RBC analyst Jonathan Atkin cited a combination of factors affecting the company’s outlook, including higher revenue expectations and progress in spectrum monetization.
These positive factors were offset by more conservative cost allocation assumptions in the firm’s analysis of Array Digital Infrastructure.
RBC also noted lower equity income following T-Mobile transactions as a contributing factor to the reduced price target.
The firm applied a discount for DISH lease overhang in its valuation model, further influencing the decision to lower the price target while maintaining its overall positive stance on the stock. Despite the target reduction, RBC’s $56 price target still represents a 20% upside from current levels. InvestingPro analysis shows Array is trading close to its calculated Fair Value, with analyst targets ranging from $49 to $63. Get the complete financial health assessment and 10+ additional ProTips in the comprehensive Pro Research Report.
In other recent news, TDS announced its third-quarter earnings for 2025, presenting a mixed financial picture. The company reported an earnings per share (EPS) of $1.25, which significantly exceeded analysts’ expectations of $0.31, resulting in a notable surprise of 303.23%. However, TDS’s revenue figures fell short, coming in at $47.12 million against the anticipated $483.83 million, reflecting a negative surprise of 90.26%. Despite the revenue miss, the company’s stock showed resilience, although specific stock price movements are not the focus here. These developments highlight the company’s ability to surpass profit expectations while facing challenges in revenue generation. Investors and analysts may want to keep an eye on future performance metrics, particularly revenue, to better understand the company’s financial trajectory.
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