11:09 AM EDT, 03/23/2026 (MT Newswires) -- Brookfield Infrastructure Partners' ( BIP/PA ) shares do not reflect its "accelerating" growth profile, Morgan Stanley said in a Monday research note to clients.

Morgan Stanley said that Brookfield is different from other data center developers in the US and Europe due to its push into AI infrastructure investment and development capabilities to meet sovereign and corporate hyperscaler requirements.

The firm said that beyond Brookfield's potential to deploy about $500 million annually in AI infrastructure at target-exceeding returns, it will likely benefit from a significant expected investment cycle across all segments, stable or decreasing interest rates, and a weakening US dollar.

Morgan Stanley forecasts the company's funds from operations per unit growth to rise from its most recent three-year compound annual growth rate of 7.1% to 12.5% over the next three years.

The firm upgraded the stock's rating to overweight from equalweight, with a $45 price target.

Price: 36.02, Change: -0.45, Percent Change: -1.25