Roth Capital raised the firm’s price target on Applied Digital (APLD) to $17.50 from $8.50 and keeps a Buy rating on the shares after the company signed a lease with CoreWeave (CRWV).The long-term, high-visibility agreement de-risks the balance sheet and helps re-establish investor credibility while positioning Applied Digital as a leading high-performance computing infrastructure player, the analyst tells investors in a research note.
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