What is Applied Digital's current price target?

Applied Digital's price target remains steady at $43.70 per share following recent analyst reviews.

Which major contract is driving Applied Digital's growth?

Applied Digital secured a significant 15-year, $11 billion contract with CoreWeave.

Why are analysts bullish on Applied Digital?

Analysts are bullish due to strong execution, significant contracts, and a strategic first-mover advantage in the AI datacenter sector.

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Applied Digital Surges: Analysts Boost Price Targets

25 Nov

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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 Surges: Analysts Boost Price Targets

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.

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