Needham Reiterates Buy on Applied Digital, Maintains $16 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst John Todaro reiterated a Buy rating on Applied Digital (NASDAQ:APLD) and maintained a $16 price target.

February 08, 2024 | 10:39 am
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Needham analyst John Todaro reiterated a Buy rating on Applied Digital and maintained a $16 price target.
The reiteration of a Buy rating and maintenance of a $16 price target by a reputable analyst like John Todaro from Needham is likely to instill confidence among investors and could positively influence Applied Digital's stock price in the short term. Analyst ratings, especially from well-regarded financial institutions, can significantly impact investor sentiment and stock prices.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100