Movement Alert|Applied Digital Rises 5.02% in Regular Trading, B.Riley Raises Target Price to $66

Market Focus
05/28

On May 28, Applied Digital rose 5.02% in regular trading, trading at $47.375 USD/share, with trading volume of approximately $674 million.

On the news front, Wall Street brokerage B.Riley raised its target price on Applied Digital from $53 to $66, maintaining a buy rating. The analyst upgrade reflects growing confidence in the company's business trajectory following a landmark lease agreement announced on May 21. Applied Digital secured a new lease with a US investment-grade hyperscale cloud provider for its fourth AI factory campus, Polaris Forge 3, designed to deliver 300 megawatts of critical IT load supported by approximately 430 megawatts of grid-connected utility power. The deal brings Applied Digital's total contracted lease revenue across four AI Factory campuses to $31 billion, with potential to reach $73 billion if all renewal options are exercised. According to FactSet, the stock carries an average analyst rating of buy with a mean price target of $60.09.

Applied Digital Corporation designs, develops, and operates digital infrastructure solutions and cloud services for high-performance computing and artificial intelligence industries in North America.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10