Roth Capital analyst Darren Aftahi raised the firm’s price target on Applied Digital (APLD) to $43 from $24 and keeps a Buy rating on the shares. Roth sees few surprises in Applied Digital’s Q1 report, with some possible swings around the “lumpiness” of one-time technical fit out revenue, the analyst tells investors in a research note. Applied Digital could potentially see another HPC colocation agreement by the end of the year or into early 2026 for its 280MW Harwood site.
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