Market PotentialThe analyst reiterates a Buy rating and increases the price target to $15, indicating confidence in Applied's execution and market potential.
Operational EfficiencyApplied's success is attributed to its fast construction capabilities, reducing time to 12–14 months from the typical industry norm of 24 months.
Strategic PartnershipsApplied Digital announced a 15-year, $7B deal with CoreWeave for 250MW in Ellendale, ND, which significantly impacts the company's future revenue growth.