Stock Track | Applied Digital Soars 5.05% Intraday After B. Riley Raises Price Target to $66

Stock Track05-28

Shares of Applied Digital Corp (APLD) surged 5.05% during intraday trading on Wednesday, following a bullish analyst update from B. Riley.

The firm raised its price target on Applied Digital to $66 from $53 while maintaining a Buy rating on the shares. This significant upward revision in the price target reflects increased analyst confidence and is a primary driver behind the stock's positive momentum.

According to analyst polls, Applied Digital carries an average rating of Buy, with the latest target adjustment contributing to a positive market sentiment for the company.

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