Wall Street Buys Keel as Retail Sells Its AI Pivot

Forward-Looking Analysis

Wall Street analysts maintain a bullish outlook for Keel Infrastructure Corp. (KEEL), with 10 of 11 covering analysts assigning a 'Buy' or higher rating, while one holds a 'Hold' position. The 12-month average price target stands at $6.40, implying approximately 33% upside from recent trading levels. Notably, BTIG initiated coverage with a 'Buy' rating and an $8 price target, suggesting over 68% upside. BTIG highlighted that Keel’s portfolio of roughly 575 megawatts of approved power across four sites positions the company well to expand into high-performance computing and AI colocation services. Despite retail sentiment on Stocktwits dipping to 'bearish' due to concerns over hyperscaler AI capex sustainability and stock dilution, institutional confidence remains high. The consensus suggests that Keel is well-positioned to capitalize on the growing demand for digital and energy infrastructure supporting AI workloads, contrasting sharply with the recent 16% monthly decline in share price.

Historical Performance Review

Keel Infrastructure’s 2026Q1 results reflected significant financial headwinds. The company reported a revenue of $36.99 million but posted a net income of -$145.35 million, resulting in an EPS of -$0.24. Gross profit was recorded at a negative $26.30 million, indicating substantial operational costs or write-offs during the period. This loss-making performance contributed to the stock's volatility, although the company has gained 85% year-to-date in 2026 prior to recent monthly declines.

Additional News

Keel Infrastructure is currently experiencing its worst monthly performance in 2026, with shares down more than 16% in July. This decline follows investor waning optimism regarding technology and AI stocks, driven by worries over ballooning capex spending from hyperscalers. Retail sentiment on Stocktwits has shifted from neutral to bearish, with users expressing skepticism about AI infrastructure viability. Additionally, profit-taking after a significant first-half rally and concerns over stock offering dilution have weighed on the shares. The stock last closed at $4.76 on Thursday before pre-market trading showed further declines to $3.84 on August 6. Despite this, Wall Street remains optimistic, with BTIG citing the company's robust power infrastructure as a key growth driver for AI colocation services. The company, formerly Bitfarms, continues to pivot toward digital and energy infrastructure for high-performance computing.

Summary & Outlook

Keel Infrastructure’s financial health remains challenged by recent quarterly losses, yet its long-term growth catalysts are robust. The company’s strategic pivot to AI and HPC infrastructure, backed by 575MW of approved power, offers significant expansion potential. While near-term technicals show weakness and retail sentiment is bearish, institutional analysts project substantial upside. The clear stance is neutral-to-bullish for the long term; the Q2 report will be critical in demonstrating how effectively the company converts its infrastructure assets into sustainable revenue, mitigating current profitability concerns.