William Blair analyst Louie DiPalma has maintained their bullish stance on CDNL stock, giving a Buy rating on March 30.
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Louie DiPalma has given his Buy rating due to a combination of factors tied to Cardinal Infrastructure Group Inc.’s recent $24 million data center award, which marks its first entry into this high‑growth segment. Although the project represents a modest portion of overall revenue, it extends through 2027 and positions the company in a structurally expanding end market where peers have realized higher margins and valuation multiples as their data center exposure has grown.
DiPalma also highlights Cardinal’s vertically integrated model, which limits dependence on subcontractors and likely enhanced the competitiveness of its successful bid. Building a track record on mission‑critical data center and similar infrastructure projects in the Southeast could support future contract wins, providing a pathway for earnings growth and potential multiple expansion that underpins his positive recommendation on the stock.
According to TipRanks, DiPalma is a 4-star analyst with an average return of 4.1% and a 54.66% success rate. DiPalma covers the Technology sector, focusing on stocks such as ViaSat, Palantir Technologies, and Caci International.
In another report released on March 30, Stifel Nicolaus also reiterated a Buy rating on the stock with a $41.00 price target.