Roth Capital analyst Darren Aftahi raised the firm’s price target on Applied Digital (APLD) to $65 from $58 and keeps a Buy rating on the shares. The firm is citing the company’s signing a new IG-hyperscaler tenant for a 300 MW lease, the analyst tells investors in a research note. Given Applied Digital’s favorable construction efficiencies and repeatable AI Factory model, Roth believes that the lower CapEx floor of $11M/MW is still very much in reach, the firm added.
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