Needham Reiterates Buy on Applied Digital, Maintains $11 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 $11.
August 29, 2024 | 11:31 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Needham analyst John Todaro has reiterated a Buy rating on Applied Digital, maintaining a price target of $11. This suggests confidence in the company's future performance.
The reiteration of a Buy rating and maintenance of a price target by a reputable analyst can positively influence investor sentiment and potentially lead to a short-term increase in stock price. The $11 price target indicates an expected upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100