Needham Raises Price Target for Applied Digital Following Lease Agreement
Applied Digital (APLD) announced a lease agreement with a hyperscale customer, prompting Needham & Company to raise its price target from $51 to $66 while maintaining a 'Buy' rating. The news led to an approximately 9% surge in premarket trading.
Tickers: $APLD
Topics: Applied Digital hyperscale customer agreement price target upgrade