Applied Digital initiated with a Buy at Texas Capital

Texas Capital analyst Derrick Whitfield initiated coverage of Applied Digital (APLD) with a Buy rating and $42 price target Applied Digital combines hyperscale development expertise, proprietary waterless cooling, and rapid deployment capabilities, notes the analyst, who views the company as well positioned to attain leases for a meaningful portion of its land and power portfolio of up to 4.3 gigawatts following recent industry and Trump Administration announcements.

Claim 55% Off TipRanks