Northland Capital Markets Maintains Outperform Rating for Applied Digital: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Northland Capital Markets maintains its Outperform rating for Applied Digital (NASDAQ:APLD) and raises its price target from $5.00 to $11.00. Shares of Applied Digital are currently trading down 8.06% at $8.15 per share.
May 26, 2023 | 5:03 pm
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Northland Capital Markets maintains Outperform rating for Applied Digital and raises price target from $5.00 to $11.00. APLD shares are trading down 8.06% at $8.15.
The maintained Outperform rating and increased price target by Northland Capital Markets indicate a positive outlook for Applied Digital. Despite the current 8.06% drop in share price, the new price target of $11.00 represents a potential 34.89% increase from the current share price, which could lead to a short-term positive impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100