Applied Digital CorporationAPLD
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Analysts raised price targets and reiterated Buy ratings, citing strong execution and a new hyperscaler lease.

Wall Street analysts are advising investors to buy the dip on Applied Digital. Northland raised its price target on the stock to $82 from $56 while maintaining an Outperform rating, citing strong execution by management and the development team. Craig Hallum also lifted its target to $79 from $75 with a Buy rating, pointing to a new lease with a US-based high-investment-grade hyperscaler that brings the company's total to five leases and 1.4 gigawatts of contracted capacity.
Applied Digital CorporationAnalysts raised price targets and reiterated Buy ratings, citing strong execution and a new hyperscaler lease.