BTIG initiated coverage on Keel Infrastructure (KEEL) with a Buy rating and an $8.00 price target. This valuation represents a potential 72% upside from the current share price of $4.65. Analysts expect Keel’s power portfolio to secure data center colocation contracts as the company pivots from cryptocurrency mining.
Recent analyst actions from Citizens, H.C. Wainwright, and Chardan also support the company's strategic shift toward high-performance computing. Citizens issued a Market Outperform rating, while the other firms increased their price targets. Keel Infrastructure stock has gained 252% over the past year.