B. Riley Securities Maintains Buy on Applied Digital, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Lucas Pipes has maintained a 'Buy' rating on Applied Digital (NASDAQ:APLD) but lowered the price target from $18 to $16.

September 18, 2023 | 12:17 pm
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Applied Digital's price target has been lowered from $18 to $16 by B. Riley Securities, though the 'Buy' rating is maintained.
The lowering of the price target by B. Riley Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
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IMPORTANCE 80
RELEVANCE 100