Applied Digital Analyst Ratings and Price Target Update by Craig-Hallum
Craig-Hallum maintains a 'Buy' rating on Applied Digital and raises the price target from $12.00 to $23.00 per share. The updated ratings and price target indicate positive expectations for the company's performance.
$APPLIED DIGITAL CORP(APLD)$ Applied Digital's Strategic Expansion and Market Performance: Applied Digital has made significant strides in expanding its AI infrastructure. The company recently secured a new lease agreement with CoreWeave for an additional 150MW at their Polaris Forge 1 Campus and has begun developing the Polaris Forge 2 campus. These moves are intended to enhance their AI infrastructure and are expected to boost future revenue. Despite these promising developments, the company's share price remained flat in the last quarter, a trend attributed to broader market movements and uncertainty about the Federal Reserve's interest rate decisions. However, the company's long-term performance has been strong, with a five-year total re
$APPLIED DIGITAL CORP(APLD)$ Applied Digital's Strategic Expansion and Market Performance: Applied Digital has made significant strides in expanding its AI infrastructure. The company recently secured a new lease agreement with CoreWeave for an additional 150MW at their Polaris Forge 1 Campus and has begun developing the Polaris Forge 2 campus. These moves are intended to enhance their AI infrastructure and are expected to boost future revenue. Despite these promising developments, the company's share price remained flat in the last quarter, a trend attributed to broader market movements and uncertainty about the Federal Reserve's interest rate decisions. However, the company's long-term performance has been strong, with a five-year total re