Applied Digital shares are trading higher after Needham maintained a Buy rating on the stock and raised its price target from $5.5 to $8.5.
Portfolio Pulse from Benzinga Newsdesk
Applied Digital shares are trading higher after Needham maintained a Buy rating on the stock and raised its price target from $5.5 to $8.5.
May 18, 2023 | 3:31 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Needham maintained a Buy rating on Applied Digital and raised its price target from $5.5 to $8.5, resulting in higher trading for the stock.
The news directly mentions Applied Digital (APLD) and states that Needham has maintained a Buy rating on the stock while raising its price target from $5.5 to $8.5. This positive analyst rating and increased price target are likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100