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Applied Digital Surges: Analysts Boost Price Targets
25 Nov
Summary
- Multiple analysts significantly increased Applied Digital's price targets.
- A major 15-year, $11B contract with CoreWeave is a key growth driver.
- Company's strategy to build capacity ahead of commitments is paying off.
Applied Digital is experiencing a surge in analyst support, with several firms substantially increasing their price targets. This positive sentiment stems from the company's demonstrated strong execution and growth momentum.
The company recently secured a significant 15-year contract valued at $11 billion with CoreWeave, alongside the rapid development of major facilities like Polaris Forge 1. Analysts praise Applied Digital's forward-thinking approach of building datacenter capacity ahead of confirmed commitments.
This strategic foresight has positioned the company advantageously as a first mover in the burgeoning AI datacenter sector. With a robust pipeline and sector-wide demand increasing, Applied Digital is well-positioned for continued success.
