Gehlot
09-11

$APPLIED DIGITAL CORP(APLD)$ 

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 return of over 23,000%, which significantly outpaced the broader US IT industry.

While the new lease agreement and expansion plans point to strong growth potential, the current share price trades at a notable discount to analyst price targets. This suggests some market caution or skepticism about the company's aggressive growth strategy and associated risks.

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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.
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Comments

  • funzee
    09-12
    funzee
    High growth potential
  • Mortimer Arthur
    09-12
    Mortimer Arthur
    Fundamentals are too strong! Will end up 30 soon. Bargain- adding more shares!

  • Venus Reade
    09-12
    Venus Reade
    The development potential of mechanical artificial intelligence is long-term, so I have APLD and NBIS.

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