Needham Reiterates Buy on Applied Digital, Maintains $17.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst John Todaro has reiterated a 'Buy' rating on Applied Digital (NASDAQ:APLD) and maintained a price target of $17.5.

October 10, 2023 | 10:20 am
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Needham analyst John Todaro has reiterated a 'Buy' rating on Applied Digital, maintaining a price target of $17.5. This could potentially boost investor confidence in the stock.
Analyst ratings often influence investor sentiment. A reiterated 'Buy' rating indicates that the analyst continues to have confidence in the company's performance. Maintaining the price target suggests that the analyst believes the stock is still undervalued at its current price, which could encourage investors to buy, potentially driving the stock price up in the short term.
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